United Kingdom: Natural Cork Market 2024

Natural Cork Market Size in the UK

The UK natural cork market amounted to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Natural Cork Production in the UK

In value terms, natural cork production totaled $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Natural Cork Exports

Exports from the UK

In 2022, overseas shipments of natural cork debacked or roughly squared were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, natural cork exports skyrocketed to $X in 2022. Over the period under review, exports saw a resilient expansion. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and the United Arab Emirates (X kg) were the main destinations of natural cork exports from the UK, together accounting for X% of total exports.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average natural cork export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Natural Cork Imports

Imports into the UK

In 2022, purchases abroad of natural cork debacked or roughly squared increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a abrupt shrinkage. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, natural cork imports surged to $X in 2022. Overall, imports, however, saw a abrupt curtailment. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest natural cork supplier to the UK, with a X% share of total imports. Moreover, natural cork imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), sixfold. The third position in this ranking was held by France (X tons), with a X% share.

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

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

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

Import Prices by Country

The average natural cork import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Brazil ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :