U.S. - Articles of Natural Cork and Agglomerated Cork - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCork Article Price in the United States - 2023
Contents:
- Cork Article Price in the United States (CIF) - 2023
- Cork Article Price in the United States (FOB) - 2023
- Cork Article Imports in the United States
- Cork Article Exports in the United States
Cork Article Price in the United States (CIF) - 2023
In September 2023, the average cork article import price amounted to $11,943 per ton, waning by -6.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 27% m-o-m. As a result, import price attained the peak level of $19,128 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($23,233 per ton), while the price for Vietnam ($2,409 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Portugal (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Cork Article Price in the United States (FOB) - 2023
The average cork article export price stood at $20,744 per ton in September 2023, increasing by 18% against the previous month. Over the period under review, export price indicated pronounced growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, cork article export price increased by +18.2% against August 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 26% against the previous month. The export price peaked at $25,129 per ton in June 2023; however, from July 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In September 2023, the countries with the highest prices were Peru ($24,278 per ton) and Taiwan (Chinese) ($24,099 per ton), while the average price for exports to Mexico ($19,234 per ton) and Canada ($21,147 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Cork Article Imports in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of cork articles, when their volume decreased by -8.4% to 25K tons. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 27K tons, and then shrank in the following year.
In value terms, cork article imports reached $299M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Cork Article in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 208 | 212 | 226 | 222 | 2.2% |
Spain | 30.8 | 26.9 | 33.5 | 33.4 | 2.7% |
China | 20.0 | 14.8 | 15.8 | 15.0 | -9.1% |
Italy | 4.7 | 5.3 | 5.8 | 8.0 | 19.4% |
Vietnam | 0.4 | 1.4 | 2.0 | 2.1 | 73.8% |
Others | 12.2 | 11.3 | 15.6 | 19.0 | 15.9% |
Total | 276 | 271 | 299 | 299 | 2.7% |
Top Suppliers of Cork Article to the United States in 2022:
- Portugal (16.4K tons)
- China (4.0K tons)
- Spain (2.1K tons)
- Vietnam (0.8K tons)
- Italy (0.4K tons)
Cork Article Exports in the United States
In 2022, cork article exports from the United States skyrocketed to 1.4K tons, increasing by 16% compared with the previous year's figure. In general, exports, however, recorded a abrupt downturn.
In value terms, cork article exports stood at $21M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
Export of Cork Article in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 9.1 | 8.9 | 9.9 | 9.7 | 2.2% |
Mexico | 5.2 | 4.8 | 5.7 | 7.1 | 10.9% |
South Korea | 0.4 | 0.2 | 0.2 | 0.6 | 14.5% |
Portugal | 1.9 | 0.8 | 1.7 | 0.5 | -35.9% |
Indonesia | N/A | N/A | 0.1 | 0.2 | 100.0% |
Bahamas | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
Japan | 1.0 | 0.1 | 0.1 | 0.1 | -53.6% |
Others | 2.7 | 1.8 | 1.6 | 2.4 | -3.9% |
Total | 20.3 | 16.8 | 19.3 | 20.8 | 0.8% |
Top Export Markets for Cork Article from the United States in 2022:
- Canada (595.8 tons)
- Mexico (371.3 tons)
- Portugal (87.1 tons)
- South Korea (82.8 tons)
- Indonesia (33.2 tons)
- Bahamas (25.4 tons)
- Japan (8.3 tons)
This report provides an in-depth analysis of the cork article market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 16292250 - Corks and stoppers of natural cork
- Prodcom 16292290 - Articles of natural cork, others
- Prodcom 16292320 - Corks and stoppers, of agglomerated cork, for sparkling wine v.q.p.r.d. (including those with discs of natural cork)
- Prodcom 16292350 - Corks and stoppers, of agglomerated cork, for wine (excluding for sparkling wine v.q.p.r.d.)
- Prodcom 16292380 - Agglomerated cork - blocks, plates, sheets and strip, tiles of any shape, solid cylinders or discs including agglomerated expanded cork or burnt cork (excluding corks and stoppers)
- Prodcom 16292400 - Agglomerated cork, other articles of agglomerated cork, n.e.c.
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cork article market in the U.S..
This report provides an in-depth analysis of the natural cork stopper market in the U.S..
This report provides an in-depth analysis of the global cork article market.
This report provides an in-depth analysis of the global natural cork stopper market.
This report provides an in-depth analysis of the cork article market in the U.S..
This report provides an in-depth analysis of the natural cork stopper market in the U.S..
This report provides an in-depth analysis of the global cork article market.
This report provides an in-depth analysis of the global natural cork stopper market.
This article discusses the import price and volume trends of natural cork stoppers in the United States in January 2023. The natural cork stopper price stood at $33.9 per kg, remaining stable against the previous month, with average import prices attaining the maximum at $39.1 per kg in May 2022. Portugal constituted the largest supplier of natural cork stopper to the United States, accounting for an 88% share of total imports, followed by Mexico and Spain. In value terms, natural cork stopper imports amounted to $15M in January 2023, with Portugal also being the largest supplier.
In November 2022, the natural cork stopper price amounted to $27.2 per kg (CIF, US), which is down by -13.1% against the previous month.
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was
This article discusses the import price and volume trends of natural cork stoppers in the United States in January 2023. The natural cork stopper price stood at $33.9 per kg, remaining stable against the previous month, with average import prices attaining the maximum at $39.1 per kg in May 2022. Portugal constituted the largest supplier of natural cork stopper to the United States, accounting for an 88% share of total imports, followed by Mexico and Spain. In value terms, natural cork stopper imports amounted to $15M in January 2023, with Portugal also being the largest supplier.
In November 2022, the natural cork stopper price amounted to $27.2 per kg (CIF, US), which is down by -13.1% against the previous month.
In 2016, approx. X tons of natural cork were imported worldwide- lowering by -X% against the previous year level. In general, natural cork imports continue to indicate a relatively flat trend pa...
In 2016, the amount of natural cork exported worldwide amounted to X tons, growing by X% against the previous year figure. Overall, natural cork exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rap
Portugal dominates in the global natural and agglomerated cork article trade. In 2014, Portugal exported X thousand tons of natural and agglomerated cork articles totaling X billion USD, X% over the previous year. Its primary trading partner was