Russian Federation: Cork Article Market 2024

Cork Article Market Size in the Russian Federation

The Russian cork article market surged to $X in 2023, picking up 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). In general, consumption, however, showed a abrupt shrinkage. Cork article consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Cork Article Exports

Exports from the Russian Federation

After two years of decline, overseas shipments of cork articles increased by X% to X tons in 2023. In general, exports showed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, cork article exports declined slightly to $X in 2023. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Armenia (X tons) was the main destination for cork article exports from Russia, accounting for a X% share of total exports. Moreover, cork article exports to Armenia exceeded the volume sent to the second major destination, Israel (X tons), twofold. Azerbaijan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Armenia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Azerbaijan (X% per year).

In value terms, Armenia ($X) remains the key foreign market for cork articles exports from Russia, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Armenia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The average cork article export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into the Russian Federation

In 2023, after three years of decline, there was significant growth in supplies from abroad of cork articles, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a abrupt curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, cork article imports surged to $X in 2023. In general, imports, however, showed a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and Armenia (X tons) were the main suppliers of cork article imports to Russia, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of cork articles to Russia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Armenia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Armenia (X% per year).

Import Prices by Country

The average cork article import price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cork article import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Armenia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform