Report Update: May 1, 2024

Portugal - Corks And Stoppers Of Natural Cork - Market Analysis, Forecast, Size, Trends And Insights

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Natural Cork Stopper Price in Portugal - 2023

Natural Cork Stopper Price in Portugal (FOB) - 2023

The average natural cork stopper export price stood at $50,080 per ton in June 2023, which is down by -2.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in December 2022 an increase of 20% against the previous month. Over the period under review, the average export prices hit record highs at $51,163 per ton in May 2023, and then dropped modestly in the following month.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Italy ($94,151 per ton), while the average price for exports to Chile ($16,267 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Cork Stopper Price in Portugal (CIF) - 2023

The average natural cork stopper import price stood at $22,074 per ton in June 2023, growing by 6.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 95% against the previous month. Over the period under review, average import prices attained the maximum at $25,084 per ton in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($33,607 per ton), while the price for Algeria ($2,001 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+14.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Natural Cork Stopper Exports in Portugal

Natural cork stopper exports from Portugal fell modestly to 12K tons in 2022, with a decrease of -1.5% compared with 2021. In general, exports showed a mild slump. The most prominent rate of growth was recorded in 2021 when exports increased by 5.4% against the previous year.

In value terms, natural cork stopper exports dropped to $496M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $531M, and then reduced in the following year.

Export of Natural Cork Stopper in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	120	132	134	126	1.6%
France	106	103	110	110	1.2%
Spain	59.6	51.0	66.7	60.0	0.2%
Italy	42.1	38.1	46.8	48.6	4.9%
Mexico	20.5	29.0	37.6	34.6	19.1%
United Kingdom	23.4	22.4	25.6	26.9	4.8%
Germany	16.8	13.4	14.3	13.2	-7.7%
Chile	19.7	16.1	20.5	10.4	-19.2%
China	4.0	4.0	5.4	4.0	0.0%
Russia	4.4	4.1	0.9	0.4	-55.0%
Others	70.4	63.3	68.8	61.8	-4.3%
Total	487	476	531	496	0.6%

Top Export Markets for Natural Cork Stopper from Portugal in 2022:

Russia (undefinedK tons)
France (2.7K tons)
United States (2.2K tons)
Spain (1.8K tons)
Italy (0.8K tons)
Mexico (0.8K tons)
United Kingdom (0.8K tons)
Chile (0.3K tons)
Germany (0.3K tons)
China (0.2K tons)

Natural Cork Stopper Imports in Portugal

In 2022, after two years of decline, there was significant growth in supplies from abroad of corks and stoppers of natural cork, when their volume increased by 49% to 1.6K tons. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural cork stopper imports surged to $27M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern.

Import of Natural Cork Stopper in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Morocco	9.9	6.6	4.5	7.2	-10.1%
Italy	5.0	3.0	4.8	6.4	8.6%
Spain	4.1	3.4	5.2	6.3	15.4%
Tunisia	0.5	1.1	1.1	1.9	56.0%
Algeria	0.6	0.2	0.5	1.3	29.4%
United States	3.9	3.5	1.6	1.3	-30.7%
France	1.4	1.4	1.7	1.0	-10.6%
Others	2.3	1.8	2.5	1.8	-7.8%
Total	27.8	21.0	22.0	27.2	-0.7%

Top Suppliers of Natural Cork Stopper to Portugal in 2022:

Spain (491.2 tons)
Morocco (396.5 tons)
Italy (338.0 tons)
Tunisia (120.4 tons)
Algeria (63.7 tons)
France (58.0 tons)
United States (49.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the natural cork stopper market in Portugal. 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:

Portugal

Data coverage:

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