South Africa: Natural Cork Market 2024

Natural Cork Market Size in South Africa

The South African natural cork market dropped modestly to $X in 2022, reducing by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Natural cork consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Natural Cork Production in South Africa

In value terms, natural cork production reduced modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production 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 Exports

Exports from South Africa

In 2022, exports of natural cork debacked or roughly squared from South Africa fell markedly to X kg, shrinking by X% against the year before. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural cork exports contracted remarkably to $X in 2022. Over the period under review, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Zimbabwe (X kg) was the main destination for natural cork exports from South Africa, accounting for a X% share of total exports. Moreover, natural cork exports to Zimbabwe exceeded the volume sent to the second major destination, Namibia (X kg), twofold. Mauritius (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Zimbabwe amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Mauritius (X% per year).

In value terms, Namibia ($X), Zimbabwe ($X) and Mauritius ($X) were the largest markets for natural cork exported from South Africa worldwide, with a combined X% share of total exports.

Zimbabwe, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average natural cork export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Swaziland ($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 Namibia (X%), while the prices for the other major destinations experienced a decline.

Natural Cork Imports

Imports into South Africa

Natural cork imports into South Africa contracted significantly to X kg in 2022, shrinking by X% against 2021 figures. Over the period under review, imports showed a sharp decline. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, natural cork imports dropped dramatically to $X in 2022. In general, imports saw a dramatic downturn. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of natural cork to South Africa, with a X% share of total imports. Moreover, natural cork imports from China exceeded the figures recorded by the second-largest supplier, the UK (X kg), threefold. Taiwan (Chinese) (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Taiwan (Chinese) ($X), the UK ($X) and China ($X) appeared to be the largest natural cork suppliers to South Africa, together comprising X% of total imports.

Among the main suppliers, the UK, 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 mixed trend patterns.

Import Prices by Country

The average natural cork import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :