South-Eastern Asia: Natural Cork Market 2024

Natural Cork Market Size in South-Eastern Asia

The Southeast Asian natural cork market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Natural Cork Production in South-Eastern Asia

In value terms, natural cork production shrank to $X in 2022 estimated in export price. The total production indicated a slight increase 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Natural Cork Exports

Exports in South-Eastern Asia

Natural cork exports surged to X tons in 2022, picking up by X% against the previous year. Over the period under review, exports saw a slight increase. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, natural cork exports skyrocketed to $X in 2022. In general, exports showed measured growth. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Singapore (X kg), generating a X% share of total exports. The following exporters - Malaysia (X kg) and Vietnam (X kg) - each amounted to a X% share of total exports.

Indonesia was also the fastest-growing in terms of the natural cork debacked or roughly squared exports, with a CAGR of X% from 2012 to 2022. Vietnam (X%), Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (X p.p.), Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) emerged as the largest natural cork supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 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 Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Natural Cork Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of natural cork debacked or roughly squared increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, natural cork imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

Indonesia (X tons) and the Philippines (X tons) prevails in imports structure, together making up X% of total imports. Singapore (X tons) and Malaysia (X tons) took a relatively small share of total imports.

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

In value terms, Indonesia ($X) constitutes the largest market for imported natural cork debacked or roughly squared in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Indonesia, natural cork imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a slight expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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