Eastern Asia: Natural Cork Market 2024

Natural Cork Market Size in Eastern Asia

The East Asian natural cork market contracted slightly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Natural Cork Production in Eastern Asia

In value terms, natural cork production reduced to $X in 2022 estimated in export price. The total production indicated a slight increase 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Natural Cork Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of natural cork debacked or roughly squared, when their volume decreased by X% to X tons. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell significantly in the following year.

In value terms, natural cork exports declined dramatically to $X in 2022. In general, exports, however, posted a moderate increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

China (X tons) and South Korea (X tons) dominates exports structure, together comprising X% of total exports. Taiwan (Chinese) (X tons) held the next position in the ranking, followed by Japan (X tons). All these countries together held approx. X% share of total exports. Hong Kong SAR (X kg) held a relatively small share of total exports.

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

In value terms, South Korea ($X) emerged as the largest natural cork supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea totaled X%. In the other countries, the average annual rates were as follows: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

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

Natural Cork Imports

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in purchases abroad of natural cork debacked or roughly squared, which increased by X% to X tons in 2022. Overall, imports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, natural cork imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) was the key importer of natural cork debacked or roughly squared, committing X% of total imports. China (X tons) took the second position in the ranking, followed by Japan (X tons). All these countries together held near X% share of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the natural cork debacked or roughly squared imports, with a CAGR of X% from 2012 to 2022. Japan (X%) and China (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and China saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported natural cork debacked or roughly squared in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Taiwan (Chinese) totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 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 ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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