Europe: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Europe

In 2022, the Europe natural cork stopper market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. 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 Europe

In value terms, natural cork stopper production reached $X in 2022 estimated in export price. Overall, production, however, showed a slight descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Natural Cork Stopper Exports

Exports in Europe

In 2022, overseas shipments of corks and stoppers of natural cork increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, natural cork stopper exports contracted modestly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal represented the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Spain (X tons), generating a X% share of total exports. Italy (X tons) and France (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Italy (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Portugal ($X) remains the largest natural cork stopper supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports. It was followed by France, with a X% share.

In Portugal, natural cork stopper exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (X% per year) and France (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, 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 France ($X per ton), while Spain ($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 other leaders experienced mixed trends in the export price figures.

Natural Cork Stopper Imports

Imports in Europe

In 2022, overseas purchases of corks and stoppers of natural cork were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, natural cork stopper imports totaled $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons), distantly followed by France (X tons), Italy (X tons), Portugal (X tons) and the UK (X tons) represented the main importers of corks and stoppers of natural cork, together generating X% of total imports. Switzerland (X tons) held a relatively small share of total imports.

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

In value terms, France ($X) constitutes the largest market for imported corks and stoppers of natural cork in Europe, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an 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 in France was relatively modest. The remaining importing 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 import price in Europe amounted to $X per ton, approximately reflecting the previous year. Import price indicated a notable 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. Based on 2022 figures, natural cork stopper import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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