Report Update: May 5, 2024

Vietnam - Natural Cork Debacked Or Roughly Squared - Market Analysis, Forecast, Size, Trends And Insights

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Natural Cork Price in Vietnam - 2021

Natural Cork Price in Vietnam (CIF) - 2022

In 2022, the average natural cork import price amounted to $4,539 per ton, jumping by 28% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 48% against the previous year. As a result, import price attained the peak level of $9,000 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($29,990 per ton), while the price for China ($3,174 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+82.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Natural Cork Price in Vietnam (FOB) - 2022

In 2022, the average natural cork export price amounted to $10,341 per ton, jumping by 29% against the previous year. Overall, the export price posted measured growth. The pace of growth appeared the most rapid in 2017 an increase of 134%. Over the period under review, the average export prices hit record highs at $57,586 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +2.8% per year.

Natural Cork Imports in Vietnam

Natural cork imports into Vietnam skyrocketed to 1.9 tons in 2022, rising by 42% compared with the previous year's figure. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 354%. As a result, imports reached the peak of 2.6 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, natural cork imports soared to $8.7K in 2022. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 140%. As a result, imports reached the peak of $13K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Natural Cork in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	4.1	5.3	3.8	6.8	18.4%
China	0.3	3.1	0.2	0.6	26.0%
Taiwan (Chinese)	N/A	0.3	0.2	0.4	15.5%
Others	0.9	3.9	0.5	0.9	0.0%
Total	5.2	12.6	4.8	8.7	18.7%

Top Suppliers of Natural Cork to Vietnam in 2022:

Portugal (1654.0 kg)
China (187.0 kg)
Taiwan (Chinese) (31.0 kg)

Natural Cork Exports in Vietnam

Natural cork exports from Vietnam contracted significantly to 370 kg in 2022, shrinking by -25.1% on the previous year's figure. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 98% against the previous year. As a result, the exports attained the peak of 494 kg, and then contracted markedly in the following year.

In value terms, natural cork exports fell to $3.8K in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 6.7% against the previous year. As a result, the exports reached the peak of $4K, and then shrank slightly in the following year.

Export of Natural Cork in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	3.6	3.0	0.1	3.8	1.8%
China	N/A	0.7	N/A	N/A	0%
United Arab Emirates	N/A	N/A	3.8	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	3.6	3.7	4.0	3.8	1.8%

Top Export Markets for Natural Cork from Vietnam in 2022:

France (370.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the natural cork market in Vietnam. 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 16292150 - Natural cork, debacked or roughly squared, in rectangular or square blocks, plates, sheets or strips

Country coverage:

Vietnam

Data coverage:

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