Benelux: Cork Article Market 2024

Cork Article Market Size in Benelux

The Benelux cork article market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.0% against 2018 indices. 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 Benelux

In value terms, cork article production skyrocketed to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 -21.9% against 2018 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 34%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Cork Article Exports

Exports in Benelux

In 2021, overseas shipments of cork articles increased by 8% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 18% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cork article exports rose notably to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 29% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the Netherlands (X tons) was the major exporter of cork articles, comprising 67% of total exports. It was distantly followed by Belgium (X tons), generating a 33% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of cork articles. Belgium (-9.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +24 percentage points.

In value terms, Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, the Netherlands, with a CAGR of +1.4%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, which is down by -2.6% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

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 Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.7%).

Cork Article Imports

Imports in Benelux

In 2021, supplies from abroad of cork articles increased by 18% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 92%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cork article imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) prevails in imports structure, together making up 96% of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +10.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) constituted the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Belgium, with a CAGR of +4.6%, saw the highest rates of growth with regard to 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

The import price in Benelux stood at $X per ton in 2021, increasing by 9.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 34%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform