Eastern Europe: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Eastern Europe

The East European natural cork stopper market dropped to $X in 2022, flattening at the previous year. In general, consumption showed a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 6.5%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Natural Cork Stopper Production in Eastern Europe

In value terms, natural cork stopper production soared to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt contraction. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Natural Cork Stopper Exports

Exports in Eastern Europe

In 2022, natural cork stopper exports in Eastern Europe surged to X tons, with an increase of 28% against the previous year's figure. Overall, exports recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 68%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, natural cork stopper exports skyrocketed to $X in 2022. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Bulgaria represented the key exporter of corks and stoppers of natural cork in Eastern Europe, with the volume of exports amounting to X tons, which was approx. 46% of total exports in 2022. It was distantly followed by Ukraine (X tons), Russia (X tons) and Poland (X tons), together generating a 41% share of total exports. Moldova (X tons), the Czech Republic (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +128.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest natural cork stopper supplying countries in Eastern Europe were Bulgaria ($X), Ukraine ($X) and Russia ($X), with a combined 75% share of total exports.

Among the main exporting countries, Ukraine, with a CAGR of +121.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, falling by -7.2% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 40%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+15.4%), while the other leaders experienced more modest paces of growth.

Natural Cork Stopper Imports

Imports in Eastern Europe

In 2022, overseas purchases of corks and stoppers of natural cork increased by 2.5% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2018 when imports increased by 29%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, natural cork stopper imports fell to $X in 2022. Over the period under review, imports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of 17%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Hungary (X tons) and Romania (X tons) represented roughly 39% of total imports in 2022. Moldova (X tons) held the next position in the ranking, followed by Poland (X tons), Bulgaria (X tons), Latvia (X tons), Russia (X tons), Slovakia (X tons) and the Czech Republic (X tons). All these countries together held approx. 55% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Latvia (with a CAGR of +85.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural cork stopper importing markets in Eastern Europe were Romania ($X), Hungary ($X) and Bulgaria ($X), together comprising 52% of total imports. Moldova, Russia, the Czech Republic, Poland, Slovakia and Latvia lagged somewhat behind, together accounting for a further 42%.

In terms of the main importing countries, Latvia, with a CAGR of +70.6%, recorded the highest growth rate of 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 Eastern Europe stood at $X per ton in 2022, with a decrease of -12.4% 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 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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