Mexico: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Mexico

The Mexican natural cork stopper market fell slightly to $X in 2022, waning by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Natural Cork Stopper Production in Mexico

In value terms, natural cork stopper production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a 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 from Mexico

For the fourth year in a row, Mexico recorded growth in shipments abroad of corks and stoppers of natural cork, which increased by X% to X tons in 2022. Overall, exports posted resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, natural cork stopper exports surged to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for natural cork stopper exports from Mexico, with a X% share of total exports. Moreover, natural cork stopper exports to the United States exceeded the volume sent to the second major destination, Qatar (X tons), sevenfold. The third position in this ranking was taken by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Canada (X% per year).

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

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

Export Prices by Country

In 2022, the average natural cork stopper export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a prominent increase 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. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

Natural Cork Stopper Imports

Imports into Mexico

In 2022, supplies from abroad of corks and stoppers of natural cork decreased by X% to X tons, falling for the second consecutive year after six years of growth. Over the period under review, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, natural cork stopper imports fell sharply to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of natural cork stopper imports to Mexico, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Portugal ($X), the United States ($X) and Spain ($X) appeared to be the largest natural cork stopper suppliers to Mexico, together comprising X% of total imports.

Among the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average natural cork stopper import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 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 Portugal ($X per ton), while the price for Spain ($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 mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :