South-Eastern Asia: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in South-Eastern Asia

The Southeast Asian natural cork stopper market contracted to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed a deep slump. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Natural Cork Stopper Production in South-Eastern Asia

In value terms, natural cork stopper production reduced modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Natural Cork Stopper Exports

Exports in South-Eastern Asia

In 2022, approx. X kg of corks and stoppers of natural cork were exported in South-Eastern Asia; falling by X% compared with the previous year. In general, exports saw a precipitous curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural cork stopper exports fell rapidly to $X in 2022. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X kg) and Malaysia (X kg) were the largest exporters of corks and stoppers of natural cork in South-Eastern Asia, together creating X% of total exports. Indonesia (X kg) held the next position in the ranking, distantly followed by Singapore (X kg). All these countries together took near X% share of total exports. The Philippines (X kg) followed a long way behind the leaders.

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

In value terms, the largest natural cork stopper supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Indonesia ($X), together comprising X% of total exports.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price continues to indicate a slight expansion. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Natural Cork Stopper Imports

Imports in South-Eastern Asia

In 2022, the amount of corks and stoppers of natural cork imported in South-Eastern Asia rose notably to X tons, growing by X% against the previous year. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, natural cork stopper imports skyrocketed to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Indonesia (X tons) represented the major importer of corks and stoppers of natural cork, achieving X% of total imports. It was distantly followed by the Philippines (X tons) and Malaysia (X tons), together achieving a X% share of total imports. The following importers - Vietnam (X tons) and Thailand (X tons) - together made up X% of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Vietnam increased by X and X percentage points, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported corks and stoppers of natural cork in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In Indonesia, natural cork stopper imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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