Report Update Nov 1, 2024

Kenya - Articles of Natural Cork and Agglomerated Cork - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Cork Article Market 2024

Cork Article Market Size in Kenya

In 2021, the Kenyan cork article market was finally on the rise to reach $X after four years of decline. In general, consumption recorded a resilient increase. Cork article consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Cork Article Exports

Exports from Kenya

After two years of decline, overseas shipments of cork articles increased by 18% to X kg in 2021. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 66% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, cork article exports contracted dramatically to $X in 2021. Overall, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 12%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria (X kg) was the main destination for cork article exports from Kenya, accounting for a 84% share of total exports. Moreover, cork article exports to Nigeria exceeded the volume sent to the second major destination, Canada (X kg), twofold. The United States (X kg) ranked third in terms of total exports with a 21% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled +64.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-5.8% per year) and the United States (+7.0% per year).

In value terms, the United States ($X), Canada ($X) and Nigeria ($X) constituted the largest markets for cork article exported from Kenya worldwide, with a combined 97% share of total exports.

Nigeria, with a CAGR of +92.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cork article export price stood at $X per ton in 2021, declining by -33.4% against the previous year. Overall, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 an increase of 67%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Uganda ($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 Rwanda (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into Kenya

In 2021, overseas purchases of cork articles increased by 193% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate resilient growth. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, cork article imports soared to $X in 2021. In general, imports continue to indicate a buoyant increase. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of cork article to Kenya, accounting for a 27% share of total imports. Moreover, cork article imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), fourfold. Russia (X kg) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.3% per year) and Russia (0.0% per year).

In value terms, the largest cork article suppliers to Kenya were India ($X), Russia ($X) and the United Arab Emirates ($X), together comprising 63% of total imports.

In terms of the main suppliers, India, with a CAGR of +24.4%, saw 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

In 2021, the average cork article import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2014 an increase of 32% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 Russia ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of natural cork and agglomerated cork in the world?

The countries with the highest volumes of natural cork consumption in 2020 were Egypt, China and the United States, with a combined 43% share of global consumption. These countries were followed by Russia, Brazil, Pakistan, Indonesia, Bangladesh, Mexico, France, Nigeria and Italy, which together accounted for a further 20%.

What are the largest producers of articles of natural cork and agglomerated cork in the world?

The countries with the highest volumes of natural cork production in 2020 were Egypt, China and Portugal, with a combined 42% share of global production. These countries were followed by the United States, Russia, Brazil, Pakistan, Indonesia, Bangladesh, Mexico and Nigeria, which together accounted for a further 22%.

What are the leading suppliers of articles of natural cork and agglomerated cork to Kenya?

In value terms, India constituted the largest supplier of natural cork to Kenya, comprising 62% of total imports. The second position in the ranking was occupied by China, with a 17% share of total imports. It was followed by the UK, with an 11% share.

What are the leading importers of articles of natural cork and agglomerated cork from Kenya?

In value terms, Somalia $559) and Tanzania $365) were the largest markets for natural cork exported from Kenya worldwide.

What is the average export price for articles of natural cork and agglomerated cork in Kenya?

In 2020, the average natural cork export price amounted to $36,960 per ton, growing by 817% against the previous year.

What is the average import price for articles of natural cork and agglomerated cork in Kenya?

In 2020, the average natural cork import price amounted to $8,322 per ton, growing by 7.8% against the previous year.

This report provides an in-depth analysis of the cork article market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16292250 - Corks and stoppers of natural cork
Prodcom 16292290 - Articles of natural cork, others
Prodcom 16292320 - Corks and stoppers, of agglomerated cork, for sparkling wine v.q.p.r.d. (including those with discs of natural cork)
Prodcom 16292350 - Corks and stoppers, of agglomerated cork, for wine (excluding for sparkling wine v.q.p.r.d.)
Prodcom 16292380 - Agglomerated cork - blocks, plates, sheets and strip, tiles of any shape, solid cylinders or discs including agglomerated expanded cork or burnt cork (excluding corks and stoppers)
Prodcom 16292400 - Agglomerated cork, other articles of agglomerated cork, n.e.c.

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023