United Arab Emirates: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in the United Arab Emirates

The natural cork stopper market in the United Arab Emirates contracted to $X in 2022, reducing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Natural Cork Stopper Production in the United Arab Emirates

In value terms, natural cork stopper production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Natural Cork Stopper Exports

Exports from the United Arab Emirates

In 2022, exports of corks and stoppers of natural cork from the United Arab Emirates skyrocketed to X kg, jumping by X% compared with the previous year's figure. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, natural cork stopper exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Lebanon (X kg), Saudi Arabia (X kg) and Qatar (X kg) were the main destinations of natural cork stopper exports from the United Arab Emirates, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural cork stopper exported from the United Arab Emirates were Qatar ($X), Iraq ($X) and Kuwait ($X), with a combined X% share of total exports. Lebanon, Maldives, Saudi Arabia, Bahrain and Oman lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Lebanon, with a CAGR of X.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average natural cork stopper export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a abrupt setback. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

Natural Cork Stopper Imports

Imports into the United Arab Emirates

In 2022, the amount of corks and stoppers of natural cork imported into the United Arab Emirates contracted to X kg, waning by X% against 2021 figures. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, natural cork stopper imports shrank dramatically to $X in 2022. Overall, imports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X kg) constituted the largest natural cork stopper supplier to the United Arab Emirates, with a X% share of total imports. Moreover, natural cork stopper imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), twofold. Portugal (X kg) ranked third in terms of total imports with a X% share.

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

In value terms, the largest natural cork stopper suppliers to the United Arab Emirates were Portugal ($X), India ($X) and China ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average natural cork stopper import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, posted a moderate expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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