U.S.: Natural Cork Market 2024

Natural Cork Market Size in the U.S.

The U.S. natural cork market stood at $X in 2022, leveling off at the previous year. In general, consumption showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Natural Cork Production in the U.S.

In value terms, natural cork production reached $X in 2022. Overall, production recorded a strong increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Natural cork production peaked at $X in 2020; afterwards, it flattened through to 2022.

Natural Cork Exports

Exports from the U.S.

For the third year in a row, the United States recorded growth in shipments abroad of natural cork debacked or roughly squared, which increased by X% to X tons in 2022. In general, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural cork exports soared to $X in 2022. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Colombia (X tons) was the main destination for natural cork exports from the United States, with a X% share of total exports. Moreover, natural cork exports to Colombia exceeded the volume sent to the second major destination, South Korea (X tons), threefold. The third position in this ranking was held by China (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

In value terms, Colombia ($X) remains the key foreign market for natural cork debacked or roughly squared exports from the United States, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average natural cork export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Natural Cork Imports

Imports into the U.S.

In 2022, overseas purchases of natural cork debacked or roughly squared increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, natural cork imports skyrocketed to $X in 2022. Overall, total imports indicated a resilient 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Portugal (X tons), China (X tons) and Germany (X tons) were the main suppliers of natural cork imports to the United States, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) constituted the largest supplier of natural cork debacked or roughly squared to the United States, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average natural cork import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a noticeable slump. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :