Asia-Pacific: Natural Cork Stopper Market 2025

Natural Cork Stopper Market Size in Asia-Pacific

The Asia-Pacific natural cork stopper market reached $X in 2022, approximately mirroring the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Natural Cork Stopper Production in Asia-Pacific

In value terms, natural cork stopper production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Natural Cork Stopper Exports

Exports in Asia-Pacific

In 2022, overseas shipments of corks and stoppers of natural cork decreased by -38.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 127%. As a result, the exports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, natural cork stopper exports fell rapidly to $X in 2022. In general, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 118%. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

Australia (X tons) and China (X tons) prevails in exports structure, together creating 82% of total exports. It was distantly followed by Taiwan (Chinese) (X tons) and India (X tons), together achieving a 15% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +12.9%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest natural cork stopper supplier in Asia-Pacific, comprising 72% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 5% share.

In Australia, natural cork stopper exports expanded at an average annual rate of +11.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+16.7% per year) and Taiwan (Chinese) (+1.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, falling by -4.7% against the previous year. Overall, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when the export price increased by 73%. The level of export peaked 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 Australia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.6%), while the other leaders experienced more modest paces of growth.

Natural Cork Stopper Imports

Imports in Asia-Pacific

In 2022, purchases abroad of corks and stoppers of natural cork decreased by -5% to X tons, falling for the fifth year in a row after four years of growth. Over the period under review, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 20%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, natural cork stopper imports declined modestly to $X in 2022. Overall, imports recorded a mild downturn. The pace of growth was the most pronounced in 2017 when imports increased by 25% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons), distantly followed by Indonesia (X tons), China (X tons), India (X tons) and New Zealand (X tons) represented the main importers of corks and stoppers of natural cork, together comprising 83% of total imports. The following importers - Japan (X tons) and the Philippines (X tons) - together made up 7.7% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest natural cork stopper importing markets in Asia-Pacific were Australia ($X), China ($X) and Indonesia ($X), with a combined 77% share of total imports.

Among the main importing countries, Indonesia, with a CAGR of +19.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of 3.5% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 decreased by -2.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 33%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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