Report Update: May 1, 2024

Hong Kong SAR, China - Corks And Stoppers Of Natural Cork - Market Analysis, Forecast, Size, Trends And Insights

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Natural Cork Stopper Price in Hong Kong SAR - 2023

Natural Cork Stopper Price in Hong Kong SAR (CIF) - 2022

In 2022, the average natural cork stopper import price amounted to $10,731 per ton, rising by 53% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural cork stopper import price decreased by -12.7% against 2020 indices. The import price peaked at $13,141 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($10,834 per ton), while the price for China stood at $4,479 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.8%), while the prices for the other major suppliers experienced a decline.

Natural Cork Stopper Price in Hong Kong SAR (FOB) - 2022

In 2022, the average natural cork stopper export price amounted to $13,816 per ton, which is down by -18.5% against the previous year. In general, the export price, however, posted resilient growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 177%. The export price peaked at $20,466 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 ($16,152 per ton), while the average price for exports to Canada ($4,600 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 Australia (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Cork Stopper Imports in Hong Kong SAR

In 2022, natural cork stopper imports into Hong Kong SAR contracted sharply to 11 tons, waning by -64.5% compared with 2021. Overall, imports saw a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 169%. As a result, imports attained the peak of 30 tons, and then fell notably in the following year.

In value terms, natural cork stopper imports contracted significantly to $113K in 2022. Over the period under review, imports saw a significant decrease. The growth pace was the most rapid in 2021 when imports increased by 54%.

Import of Natural Cork Stopper in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	202	108	134	112	-17.8%
China	14.0	13.3	60.8	0.7	-63.2%
Others	11.7	14.5	14.4	0.5	-65.0%
Total	227	136	209	113	-20.7%

Top Suppliers of Natural Cork Stopper to Hong Kong SAR in 2022:

Portugal (10.3 tons)
China (0.2 tons)

Natural Cork Stopper Exports in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of corks and stoppers of natural cork, which decreased by -38.7% to 468 kg in 2022. Overall, exports faced a significant contraction. The smallest decline of -28% was in 2021.

In value terms, natural cork stopper exports dropped sharply to $6.5K in 2022. Over the period under review, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 5.1% against the previous year.

Export of Natural Cork Stopper in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	21.3	9.4	6.7	4.4	-40.9%
Colombia	N/A	N/A	N/A	1.3	0%
United Kingdom	0.2	0.2	1.2	0.5	35.7%
Chile	N/A	N/A	N/A	0.3	0%
Ireland	1.3	0.8	N/A	N/A	-38.5%
China	5.7	0.5	N/A	N/A	-91.2%
Vietnam	7.7	N/A	N/A	N/A	0%
France	2.5	N/A	N/A	N/A	0%
Bangladesh	22.3	N/A	N/A	N/A	0%
Australia	15.6	N/A	N/A	N/A	0%
Canada	N/A	N/A	N/A	N/A	0%
Others	10.0	1.4	5.1	N/A	-28.6%
Total	86.5	12.3	12.9	6.5	-57.8%

Top Export Markets for Natural Cork Stopper from Hong Kong SAR in 2022:

United States (270.0 kg)
Colombia (120.0 kg)
United Kingdom (52.0 kg)
Chile (16.0 kg)
Canada (10.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the natural cork stopper market in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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