Brazil: Cork Article Market 2025

Cork Article Market Size in Brazil

The Brazilian cork article market skyrocketed to $X in 2021, surging by 28% 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, consumption continues to indicate a buoyant increase. Cork article consumption peaked in 2021 and is likely to see steady growth in years to come.

Cork Article Exports

Exports from Brazil

In 2021, after eight years of decline, there was significant growth in shipments abroad of cork articles, when their volume increased by 67% to X tons. Over the period under review, exports, however, continue to indicate a sharp setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cork article exports surged to $X in 2021. Overall, exports, however, faced a sharp slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons), Bolivia (X tons) and Chile (X tons) were the main destinations of cork article exports from Brazil, together accounting for 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +0.2%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cork article exported from Brazil were Argentina ($X), Bolivia ($X) and Chile ($X), together comprising 49% of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of +3.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average cork article export price amounted to $X per ton, dropping by -29.5% against the previous year. Over the period under review, the export price, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Argentina ($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 Uruguay (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into Brazil

After two years of decline, overseas purchases of cork articles increased by 20% to X tons in 2021. Overall, imports, however, continue to indicate a pronounced descent. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cork article imports surged to $X in 2021. In general, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of cork article to Brazil, with a 81% share of total imports. Moreover, cork article imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.6% per year) and Hong Kong SAR (+19.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of cork articles to Brazil, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 5% share of total imports. It was followed by Spain, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from Portugal totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.8% per year) and Spain (-10.5% per year).

Import Prices by Country

The average cork article import price stood at $X per ton in 2021, growing by 11% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cork article import price increased by +21.1% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 29%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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