Report Update: May 1, 2024

India - Articles of Natural Cork and Agglomerated Cork - Market Analysis, Forecast, Size, Trends and Insights

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Cork Article Price in India - 2023

Cork Article Price in India (FOB) - 2022

The average cork article export price stood at $3,498 per ton in 2022, which is down by -12.7% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 14%. The export price peaked at $5,261 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,148 per ton), while the average price for exports to the United Arab Emirates ($2,024 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cork Article Price in India (CIF) - 2022

The average cork article import price stood at $3,040 per ton in 2022, dropping by -7.4% against the previous year. In general, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $4,731 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($14,914 per ton), while the price for Algeria ($1,021 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.1%), while the prices for the other major suppliers experienced a decline.

Cork Article Exports in India

In 2022, the amount of cork articles exported from India soared to 1.2K tons, growing by 16% against the previous year. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 70% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cork article exports reached $4.3M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Cork Article in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	596	672	1,090	1,063	21.3%
Saudi Arabia	226	404	823	801	52.5%
United Arab Emirates	707	696	469	586	-6.1%
Bangladesh	65.0	84.4	372	355	76.1%
Kuwait	217	86.9	200	197	-3.2%
Italy	105	124	171	170	17.4%
Iran	118	124	85.7	107	-3.2%
Thailand	83.0	82.1	84.2	83.0	0.0%
Turkey	29.9	85.0	93.2	82.0	40.0%
South Africa	98.4	60.3	77.1	76.2	-8.2%
United Kingdom	65.1	80.2	61.7	64.0	-0.6%
Others	636	562	671	673	1.9%
Total	2,947	3,061	4,198	4,256	13.0%

Top Export Markets for Cork Article from India in 2022:

United Arab Emirates (289.4 tons)
Saudi Arabia (240.4 tons)
United States (173.0 tons)
Bangladesh (154.0 tons)
Kuwait (43.3 tons)
Italy (42.8 tons)
Iran (35.6 tons)
Thailand (25.0 tons)
Turkey (24.6 tons)
South Africa (20.2 tons)
United Kingdom (15.7 tons)

Cork Article Imports in India

Cork article imports into India soared to 1.9K tons in 2022, picking up by 99% on the year before. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 103%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, cork article imports surged to $5.7M in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cork Article in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	994	1,100	1,467	2,594	37.7%
China	804	367	378	969	6.4%
Algeria	108	98.7	442	674	84.1%
Italy	32.4	8.4	132	299	109.8%
United Arab Emirates	75.0	112	100	292	57.3%
Spain	50.9	41.8	32.7	71.0	11.7%
Others	455	232	558	836	22.5%
Total	2,520	1,960	3,112	5,737	31.6%

Top Suppliers of Cork Article to India in 2022:

Portugal (817.9 tons)
Algeria (660.8 tons)
China (269.3 tons)
United Arab Emirates (45.3 tons)
Spain (26.5 tons)
Italy (20.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cork article market in India. 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
Prodcom 16292290 - Articles of natural cork, others
Prodcom 16292320 - Corks and stoppers, of agglomerated cork, for sparkling wine v.q.p.r.d. (including those with discs of natural cork)
Prodcom 16292350 - Corks and stoppers, of agglomerated cork, for wine (excluding for sparkling wine v.q.p.r.d.)
Prodcom 16292380 - Agglomerated cork - blocks, plates, sheets and strip, tiles of any shape, solid cylinders or discs including agglomerated expanded cork or burnt cork (excluding corks and stoppers)
Prodcom 16292400 - Agglomerated cork, other articles of agglomerated cork, n.e.c.

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023