Saudi Arabia - Corks And Stoppers Of Natural Cork - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

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

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Natural Cork Stopper Price in Saudi Arabia - 2021

Contents:

  1. Natural Cork Stopper Price in Saudi Arabia (CIF) - 2022
  2. Natural Cork Stopper Price in Saudi Arabia (FOB) - 2022
  3. Natural Cork Stopper Imports in Saudi Arabia
  4. Natural Cork Stopper Exports in Saudi Arabia

Natural Cork Stopper Price in Saudi Arabia (CIF) - 2022

In 2022, the average natural cork stopper import price amounted to $11,125 per ton, declining by -61.2% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The growth pace was the most rapid in 2021 an increase of 206%. Over the period under review, average import prices attained the maximum at $40,527 per ton in 2019; however, from 2020 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 the UK ($79,228 per ton), while the price for Bahrain ($6,705 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+87.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Natural Cork Stopper Price in Saudi Arabia (FOB) - 2022

In 2020, the average natural cork stopper export price amounted to $10,583 per ton, with a decrease of -6.3% against the previous year. In general, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. Over the period under review, the average export prices attained the maximum at $13,570 per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Kuwait amounted to +285.0% per year.

Natural Cork Stopper Imports in Saudi Arabia

For the fourth year in a row, Saudi Arabia recorded growth in overseas purchases of corks and stoppers of natural cork, which increased by 64% to 17 tons in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 105%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, natural cork stopper imports dropped sharply to $194K in 2022. Overall, imports enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of 265%. As a result, imports attained the peak of $305K, and then shrank dramatically in the following year.

Import of Natural Cork Stopper in Saudi Arabia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BahrainN/AN/AN/A1040%
United Kingdom6.4N/AN/A75.0127.1%
IndiaN/AN/A61.115.0-75.5%
Spain104N/AN/AN/A0%
China6.868.919.0N/A67.2%
Finland4.1N/AN/AN/A0%
United Arab EmiratesN/A7.2N/AN/A0%
Taiwan (Chinese)31.42.95.2N/A-59.3%
Others23.54.5220N/A206.0%
Total17683.53051943.3%

Top Suppliers of Natural Cork Stopper to Saudi Arabia in 2022:

  1. Bahrain (15.6 tons)
  2. India (1.0 tons)
  3. United Kingdom (0.9 tons)

Natural Cork Stopper Exports in Saudi Arabia

In 2020, the amount of corks and stoppers of natural cork exported from Saudi Arabia shrank dramatically to 84 kg, reducing by -78.8% compared with the previous year. In general, exports recorded a precipitous setback.

In value terms, natural cork stopper exports dropped dramatically to $889 in 2020. Overall, exports faced a precipitous shrinkage.

Export of Natural Cork Stopper in Saudi Arabia (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
BahrainN/A0.90%
New Zealand2.8N/A0%
Kuwait1.7N/A0%
OthersN/AN/A0%
Total4.50.9-80.0%

Top Export Markets for Natural Cork Stopper from Saudi Arabia in 2022:

  1. Bahrain (84.0 kg)

Source: IndexBox Market Intelligence Platform

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

  • Saudi Arabia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Saudi Arabia
  • 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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