Australia: Cork Article Market 2025

Cork Article Market Size in Australia

In 2021, the Australian cork article market decreased by -0.5% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cork article consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Cork Article Production in Australia

In value terms, cork article production stood at $X in 2021 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 -3.2% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 27% against the previous year. Cork article production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Cork Article Exports

Exports from Australia

In 2021, overseas shipments of cork articles increased by 91% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports recorded a mild increase. The pace of growth was the most pronounced in 2016 when exports increased by 138%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cork article exports skyrocketed to $X in 2021. In general, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X tons), the United States (X tons) and Portugal (X tons) were the main destinations of cork article exports from Australia, together comprising 86% of total exports. Indonesia, China, Poland, Chile, Fiji and Papua New Guinea lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +47.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cork article exported from Australia were New Zealand ($X), Portugal ($X) and the United States ($X), together comprising 90% of total exports. These countries were followed by China, Chile, Indonesia, Poland, Fiji and Papua New Guinea, which together accounted for a further 9.9%.

Chile, with a CAGR of +47.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cork article export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 152%. The export price peaked at $X per ton in 2020, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into Australia

In 2021, the amount of cork articles imported into Australia contracted markedly to X tons, which is down by -16.6% compared with the previous year. Over the period under review, imports showed a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 11% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cork article imports contracted markedly to $X in 2021. In general, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 35% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X tons) constituted the largest cork article supplier to Australia, with a 44% share of total imports. Moreover, cork article imports from Portugal exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.1% per year) and China (-13.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of cork articles to Australia, comprising 63% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Portugal stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.4% per year) and China (-0.5% per year).

Import Prices by Country

In 2021, the average cork article import price amounted to $X per ton, falling by -7.6% against the previous year. Overall, the import price, however, posted prominent growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 55%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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