Central Asia: Cork Article Market 2024

Cork Article Market Size in Central Asia

The Central Asian cork article market stood at $X in 2023, growing by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Cork Article Production in Central Asia

In value terms, cork article production rose slightly to $X in 2023 estimated in export price. The total production indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Cork Article Exports

Exports in Central Asia

In 2023, exports of cork articles in Central Asia skyrocketed to X tons, rising by X% on the previous year. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cork article exports rose modestly to $X in 2023. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Uzbekistan (X tons) was the major exporter of cork articles, constituting X% of total exports. It was distantly followed by Mongolia (X kg), making up a X% share of total exports. Kazakhstan (X kg) took a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mongolia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mongolia ($X) remains the largest cork article supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Mongolia totaled X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the export price figures.

Cork Article Imports

Imports in Central Asia

In 2023, approx. X tons of cork articles were imported in Central Asia; growing by X% compared with the year before. Over the period under review, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, cork article imports surged to $X in 2023. Overall, imports, however, continue to indicate a noticeable slump. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Kazakhstan (X tons) represented the key importer of cork articles, making up X% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a X% share, followed by Kyrgyzstan (X%).

Imports into Kazakhstan decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Uzbekistan and Kyrgyzstan increased by X and X percentage points, respectively.

In value terms, the largest cork article importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform