Argentina: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Argentina

The Argentinian natural cork stopper market declined to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Natural Cork Stopper Exports

Exports from Argentina

In 2022, shipments abroad of corks and stoppers of natural cork increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural cork stopper exports skyrocketed to $X in 2022. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), the United States (X tons) and Bolivia (X kg) were the main destinations of natural cork stopper exports from Argentina, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Italy ($X) emerged as the key foreign market for corks and stoppers of natural cork exports from Argentina, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Bolivia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Bolivia (X% per year).

Export Prices by Country

The average natural cork stopper export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price continues to indicate a measured increase. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Portugal ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Natural Cork Stopper Imports

Imports into Argentina

In 2022, purchases abroad of corks and stoppers of natural cork increased by X% to X tons, rising for the second consecutive year after five years of decline. In general, imports, however, faced a deep reduction. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, natural cork stopper imports reduced to $X in 2022. Over the period under review, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) was the main natural cork stopper supplier to Argentina, with a X% share of total imports. It was followed by Chile (X tons), with a X% share of total imports. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Italy (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of corks and stoppers of natural cork to Argentina, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Portugal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average natural cork stopper import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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