Japan: Cork Article Market 2025

Cork Article Market Size in Japan

In 2021, after six years of decline, there was growth in the Japanese cork article market, when its value increased by 1.6% to $X. Overall, consumption saw a deep downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Cork Article Production in Japan

In value terms, cork article production rose to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt contraction. The growth pace was the most rapid in 2014 when the production volume increased by 3.9%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Cork Article Exports

Exports from Japan

For the fourth consecutive year, Japan recorded decline in overseas shipments of cork articles, which decreased by -17.9% to X tons in 2021. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by 4.4% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, cork article exports contracted to $X in 2021. In general, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Thailand (X tons) were the main destinations of cork article exports from Japan, together accounting for 60% of total exports. China, South Korea, Singapore and Indonesia lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +67.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cork article exported from Japan were Thailand ($X), China ($X) and the United States ($X), with a combined 58% share of total exports. These countries were followed by Indonesia, the United Arab Emirates, South Korea and Singapore, which together accounted for a further 23%.

Singapore, with a CAGR of +48.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cork article export price stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% 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 export price increased by +67.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 an increase of 19%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+5.5%), while the prices for the other major destinations experienced a decline.

Cork Article Imports

Imports into Japan

For the fifth consecutive year, Japan recorded decline in supplies from abroad of cork articles, which decreased by -12.4% to X tons in 2021. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 5.9%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, cork article imports reduced to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 10% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cork article to Japan, with a 63% share of total imports. Moreover, cork article imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-8.1% per year) and the United Arab Emirates (+80.2% per year).

In value terms, the largest cork article suppliers to Japan were China ($X), Portugal ($X) and France ($X), together comprising 87% of total imports. These countries were followed by the United Arab Emirates and Taiwan (Chinese), which together accounted for a further 9.7%.

The United Arab Emirates, with a CAGR of +80.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cork article import price amounted to $X per ton, rising by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2019 an increase of 13% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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