Southern Asia: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Southern Asia

The South Asian natural cork stopper market reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated a modest expansion 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, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Natural Cork Stopper Production in Southern Asia

In value terms, natural cork stopper production declined slightly to $X in 2022 estimated in export price. The total production indicated a temperate expansion 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Natural Cork Stopper Exports

Exports in Southern Asia

Natural cork stopper exports contracted markedly to X tons in 2022, with a decrease of X% compared with the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural cork stopper exports contracted remarkably to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) represented the key exporter of corks and stoppers of natural cork in Southern Asia, committing X% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of corks and stoppers of natural cork. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest natural cork stopper supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Natural Cork Stopper Imports

Imports in Southern Asia

In 2022, purchases abroad of corks and stoppers of natural cork increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw strong growth. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, natural cork stopper imports surged to $X in 2022. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Sri Lanka (X tons), creating a X% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the corks and stoppers of natural cork imports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported corks and stoppers of natural cork in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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