SADC: Natural Cork Market 2024

Natural Cork Market Size in SADC

The SADC natural cork market stood at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Natural Cork Production in SADC

In value terms, natural cork production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Natural Cork Exports

Exports in SADC

In 2022, after two years of growth, there was significant decline in overseas shipments of natural cork debacked or roughly squared, when their volume decreased by X% to X tons. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural cork exports soared to $X in 2022. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Zambia (X tons) was the main exporter of natural cork debacked or roughly squared, creating X% of total exports. It was distantly followed by South Africa (X kg), achieving a X% share of total exports.

Zambia experienced a relatively flat trend pattern with regard to volume of exports of natural cork debacked or roughly squared. South Africa (X%) illustrated a downward trend over the same period. Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Zambia ($X) emerged as the largest natural cork supplier in SADC, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Zambia was relatively modest.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while South Africa stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Natural Cork Imports

Imports in SADC

In 2022, imports of natural cork debacked or roughly squared in SADC declined remarkably to X tons, which is down by X% on the previous year's figure. Over the period under review, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, natural cork imports dropped dramatically to $X in 2022. In general, imports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Botswana (X tons), distantly followed by Zimbabwe (X kg), Democratic Republic of the Congo (X kg), Angola (X kg), Mauritius (X kg) and Mozambique (X kg) were the largest importers of natural cork debacked or roughly squared, together achieving X% of total imports. The following importers - Namibia (X kg), Lesotho (X kg) and South Africa (X kg) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mauritius (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Mauritius ($X) and Namibia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Mauritius, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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