Denmark: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Denmark

In 2022, the Danish natural cork stopper market increased by 0.7% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a perceptible downturn. Natural cork stopper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Natural Cork Stopper Production in Denmark

In value terms, natural cork stopper production dropped slightly to $X in 2022 estimated in export price. In general, production showed a pronounced descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Natural Cork Stopper Exports

Exports from Denmark

In 2022, shipments abroad of corks and stoppers of natural cork increased by 557% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 642%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, natural cork stopper exports surged to $X in 2022. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 985% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for natural cork stopper exports from Denmark, accounting for a 91% share of total exports. Moreover, natural cork stopper exports to Norway exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. The third position in this ranking was held by Sweden (X kg), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.6% per year) and Sweden (+5.4% per year).

In value terms, Norway ($X) remains the key foreign market for corks and stoppers of natural cork exports from Denmark, comprising 72% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports. It was followed by Germany, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-51.9% per year) and Germany (-13.1% per year).

Export Prices by Country

The average natural cork stopper export price stood at $X per ton in 2022, with a decrease of -27.6% against the previous year. Over the period under review, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 662% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.0%), while the prices for the other major destinations experienced a decline.

Natural Cork Stopper Imports

Imports into Denmark

In 2022, approx. X tons of corks and stoppers of natural cork were imported into Denmark; with an increase of 1,464% compared with 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, natural cork stopper imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a noticeable reduction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of natural cork stopper to Denmark, accounting for a 65% share of total imports. Moreover, natural cork stopper imports from Portugal exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.3% per year) and Sweden (+27.8% per year).

In value terms, Portugal ($X), Germany ($X) and Sweden ($X) constituted the largest natural cork stopper suppliers to Denmark, with a combined 96% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +34.5%, 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 a decline.

Import Prices by Country

The average natural cork stopper import price stood at $X per ton in 2022, falling by -22.6% against the previous year. Overall, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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