Asia: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Asia

The Asian natural cork stopper market declined to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Natural Cork Stopper Production in Asia

In value terms, natural cork stopper production declined modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Natural Cork Stopper Exports

Exports in Asia

After two years of growth, shipments abroad of corks and stoppers of natural cork decreased by X% to X tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. 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 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural cork stopper exports declined remarkably to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

In 2022, China (X tons) and Turkey (X tons) were the main exporters of corks and stoppers of natural cork in Asia, together recording approx. X% of total exports. Taiwan (Chinese) (X tons) ranks next in terms of the total exports with a X% share, followed by India (X%). Bahrain (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest natural cork stopper supplying countries in Asia were China ($X), Turkey ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports.

In terms of the main exporting countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, which is down by X% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% 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 export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Natural Cork Stopper Imports

Imports in Asia

In 2022, approx. X tons of corks and stoppers of natural cork were imported in Asia; with an increase of X% on 2021. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural cork stopper imports expanded to $X in 2022. In general, imports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of corks and stoppers of natural cork, namely Indonesia, Georgia and China, represented more than third of total import. It was distantly followed by Israel (X tons), Qatar (X tons), Turkey (X tons), Cyprus (X tons) and Taiwan (Chinese) (X tons), together creating a X% share of total imports. India (X tons), Japan (X tons), the Philippines (X tons), Lebanon (X tons) and Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cyprus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Georgia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Cyprus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :