Australia and Oceania: Cork Article Market 2025

Cork Article Market Size in Australia and Oceania

In 2021, the cork article market in Australia and Oceania decreased by -0.7% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Cork Article Production in Australia and Oceania

In value terms, cork article production amounted to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 22% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Cork Article Exports

Exports in Australia and Oceania

In 2021, overseas shipments of cork articles increased by 94% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a drastic downturn. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cork article exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was near 91% of total exports in 2021. It was distantly followed by New Zealand (X tons), constituting an 8.7% share of total exports.

Australia was also the fastest-growing in terms of the cork articles exports, with a CAGR of +1.6% from 2012 to 2021. New Zealand (-32.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +70 percentage points.

In value terms, Australia ($X) remains the largest cork article supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +8.7%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, waning by -4% against the previous year. In general, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2017 an increase of 123%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+9.3%).

Cork Article Imports

Imports in Australia and Oceania

In 2021, cork article imports in Australia and Oceania fell to X tons, declining by -13.3% compared with the year before. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 7.6%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, cork article imports reduced markedly to $X in 2021. Over the period under review, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 28%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Australia represented the largest importing country with an import of around X tons, which resulted at 82% of total imports. It was distantly followed by New Zealand (X tons), achieving a 17% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cork article imports into Australia stood at -7.0%. New Zealand experienced a relatively flat trend pattern. While the share of New Zealand (+7.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-7.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported cork articles in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to -2.2%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, dropping by -6.3% against the previous year. Overall, the import price, however, continues to indicate a measured expansion. The pace of growth was the most pronounced in 2018 when the import price increased by 48% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.2%).

Source: IndexBox Platform

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