Belarus: Cork Article Market 2025

Cork Article Market Size in Belarus

The Belarusian cork article market fell to $X in 2021, waning by -6.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.8% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Cork Article Exports

Exports from Belarus

In 2021, approx. X tons of cork articles were exported from Belarus; declining by -33.4% against the previous year. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 160%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, cork article exports contracted dramatically to $X in 2021. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 102% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for cork article exports from Belarus, accounting for a 81% share of total exports. Moreover, cork article exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sevenfold. The third position in this ranking was taken by Georgia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-9.3% per year) and Georgia (-29.8% per year).

In value terms, Russia ($X) emerged as the key foreign market for cork articles exports from Belarus, comprising 56% of total exports. The second position in the ranking was held by Ukraine ($X), with a 25% share of total exports. It was followed by Georgia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-7.8% per year) and Georgia (-23.1% per year).

Export Prices by Country

The average cork article export price stood at $X per ton in 2021, with an increase of 8.2% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cork article export price increased by +98.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 84% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia ($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 Georgia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into Belarus

Cork article imports into Belarus reduced rapidly to X tons in 2021, waning by -15.5% compared with 2020 figures. In general, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 82% against the previous year. 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 dropped to $X in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.3% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 75% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of cork article to Belarus, with a 84% share of total imports. Moreover, cork article imports from Portugal exceeded the figures recorded by the second-largest supplier, Russia (X tons), tenfold. The third position in this ranking was taken by China (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-1.4% per year) and China (+12.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of cork articles to Belarus, comprising 80% of total imports. The second position in the ranking was held by Russia ($X), with a 10% share of total imports. It was followed by China, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+2.2% per year) and China (+17.8% per year).

Import Prices by Country

The average cork article import price stood at $X per ton in 2021, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2018 an increase of 25%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Russia ($X per ton), while the price for Portugal ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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