United Kingdom: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in the UK

The UK natural cork stopper market declined slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Natural Cork Stopper Production in the UK

In value terms, natural cork stopper production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Natural cork stopper production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Natural Cork Stopper Exports

Exports from the UK

In 2022, shipments abroad of corks and stoppers of natural cork decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, natural cork stopper exports declined sharply to $X in 2022. In general, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

Portugal (X tons), Sweden (X tons) and Gabon (X tons) were the main destinations of natural cork stopper exports from the UK, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) emerged as the key foreign market for corks and stoppers of natural cork exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Ireland (X% per year).

Export Prices by Country

The average natural cork stopper export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Gabon ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Cork Stopper Imports

Imports into the UK

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. In general, imports, however, showed a relatively flat trend pattern. 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 reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, natural cork stopper imports surged to $X in 2022. Over the period under review, total imports indicated temperate growth 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Portugal (X tons) was the main supplier of natural cork stopper to the UK, accounting for a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports. The third position in this ranking was taken by Spain (X tons), with a X% share.

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

In value terms, Portugal ($X) constituted the largest supplier of corks and stoppers of natural cork to the UK, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

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

Import Prices by Country

In 2022, the average natural cork stopper import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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