Denmark: Natural Cork Market 2024

Natural Cork Market Size in Denmark

In 2021, the Danish natural cork market increased by 87% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Natural Cork Production in Denmark

In value terms, natural cork production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 15%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Natural Cork Exports

Exports from Denmark

In 2021, shipments abroad of natural cork debacked or roughly squared increased by 5,996% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, continue to indicate a noticeable downturn. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural cork exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Faroe Islands (X tons) was the main destination for natural cork exports from Denmark, with a 60% share of total exports. Moreover, natural cork exports to Faroe Islands exceeded the volume sent to the second major destination, Turkey (X kg), threefold. Norway (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Faroe Islands stood at +138.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1,743.1% per year) and Norway (+33.0% per year).

In value terms, Turkey ($X) remains the key foreign market for natural cork debacked or roughly squared exports from Denmark, comprising 77% of total exports. The second position in the ranking was held by Faroe Islands ($X), with a 14% share of total exports. It was followed by Norway, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +1,307.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (+107.2% per year) and Norway (+23.5% per year).

Export Prices by Country

In 2021, the average natural cork export price amounted to $X per ton, shrinking by -80.8% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 290% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Faroe Islands ($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 the United States (+41.1%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Cork Imports

Imports into Denmark

In 2021, supplies from abroad of natural cork debacked or roughly squared was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural cork imports surged to $X in 2021. In general, imports saw a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main natural cork supplier to Denmark, with a 94% share of total imports. Moreover, natural cork imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The third position in this ranking was held by Sweden (X kg), with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +55.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+116.8% per year) and Sweden (-35.8% per year).

In value terms, China ($X) constituted the largest supplier of natural cork debacked or roughly squared to Denmark, comprising 93% of total imports. The second position in the ranking was held by the UK ($X), with a 6.2% share of total imports. It was followed by Germany, with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +61.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+127.4% per year) and Germany (-56.6% per year).

Import Prices by Country

In 2021, the average natural cork import price amounted to $X per ton, growing by 282% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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