CIS: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in CIS

The CIS natural cork stopper market fell modestly to $X in 2022, waning by X% against the previous year. In general, consumption recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Natural Cork Stopper Production in CIS

In value terms, natural cork stopper production surged to $X in 2022 estimated in export price. Overall, production faced a abrupt curtailment. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Natural Cork Stopper Exports

Exports in CIS

In 2022, approx. X tons of corks and stoppers of natural cork were exported in the CIS; dropping by X% on the previous year's figure. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural cork stopper exports reduced dramatically to $X in 2022. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Moldova represented the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Russia (X tons), achieving a X% share of total exports. Belarus (X kg) took a minor share of total exports.

Exports from Moldova decreased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Belarus increased by X and X percentage points, respectively.

In value terms, Moldova ($X) emerged as the largest natural cork stopper supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Moldova stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, recorded a deep setback. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Moldova ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Natural Cork Stopper Imports

Imports in CIS

In 2022, purchases abroad of corks and stoppers of natural cork decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, natural cork stopper imports shrank slightly to $X in 2022. In general, imports faced a deep setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Moldova represented the major importer of corks and stoppers of natural cork in the CIS, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Russia (X tons), Kazakhstan (X tons), Armenia (X tons) and Belarus (X tons), together comprising a X% share of total imports. Azerbaijan (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 main importing countries, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Moldova ($X), Russia ($X) and Armenia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Azerbaijan, Kazakhstan and Belarus lagged somewhat behind, together comprising a further X%.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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