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U.S. - Corks And Stoppers Of Natural Cork - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 18, 2023
Natural Cork Stopper Import in America Amounts to 441 Tons in November 2022
U.S. Natural Cork Stopper Imports
In November 2022, the amount of corks and stoppers of natural cork imported into the United States stood at 441 tons, remaining relatively unchanged against October 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 with an increase of 36% m-o-m. As a result, imports attained the peak of 601 tons. From September 2022 to November 2022, the growth of imports remained at a lower figure.
In value terms, natural cork stopper imports dropped to $12M (IndexBox estimates) in November 2022. Over the period under review, imports, however, saw a slight descent. The pace of growth was the most pronounced in April 2022 with an increase of 40% month-to-month. Over the period under review, imports attained the peak figure at 20K tons in May 2022; however, from June 2022 to November 2022, imports failed to regain momentum.
Imports by Country
In November 2022, Portugal (408 tons) was the main natural cork stopper supplier to the United States, accounting for a 93% share of total imports. Moreover, natural cork stopper imports from Portugal exceeded the figures recorded by the second-largest supplier, Mexico (16 tons), more than tenfold. The third position in this ranking was held by Italy (13 tons), with a 2.9% share.
From January 2022 to November 2022, the average monthly growth rate of volume from Portugal was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+5.0% per month) and Italy (+6.5% per month).
In value terms, Portugal ($11M) constituted the largest supplier of natural cork stopper to the United States, comprising 90% of total imports. The second position in the ranking was taken by Mexico ($570K), with a 4.8% share of total imports. It was followed by Italy, with a 3% share.
From January 2022 to November 2022, the average monthly rate of growth in terms of value from Portugal stood at -2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+10.7% per month) and Italy (+10.0% per month).
Import Prices by Country
In November 2022, the natural cork stopper price amounted to $27.2 per kg (CIF, US), which is down by -13.1% against the previous month. In general, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 30% against the previous month. Over the period under review, average import prices reached the peak figure at $39.1 per kg in May 2022; however, from June 2022 to November 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2022, the countries with the highest prices were Mexico ($36.7 per kg) and Italy ($28.3 per kg), while the price for Portugal ($26.6 per kg) and China ($26.7 per kg) were amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by China (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Natural Cork Market Overview
Natural cork stoppers are used to seal wine bottles and other containers. They are made from the bark of the cork oak tree, which is native to Spain and Portugal. The bark is harvested and then processed to create stoppers of various sizes. Natural cork has many advantages over synthetic alternatives, including its ability to form a tight seal, its breathability, and its environmental friendliness.
While the initial price of natural cork may be higher than synthetic alternatives, the long-term benefits make it a more cost-effective option. Natural cork is durable and can be used multiple times, making it a wise investment for any wine lover. Cork also provides excellent insulation against temperature changes, ensuring that your wine stays at the perfect temperature for longer.
The cost of natural cork stoppers has been on the rise in recent years, due in part to increased demand from the wine industry. The increase in price is largely due to the fact that cork trees are becoming increasingly scarce, as they are being replaced by other trees such as pine and oak. This has created a situation where there is more demand than supply for natural cork stoppers, which has driven up prices.
This report provides an in-depth analysis of the natural cork stopper market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 16292250 - Corks and stoppers of natural cork
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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