
Latvia - Corks and Stoppers of Natural Cork - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLatvia: Natural Cork Stopper Market 2025
Natural Cork Stopper Market Size in Latvia
In 2022, the Latvian natural cork stopper market increased by 4.8% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, saw a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.
Natural Cork Stopper Production in Latvia
In value terms, natural cork stopper production fell modestly to $X in 2022 estimated in export price. Over the period under review, production showed a deep reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.
Natural Cork Stopper Exports
Exports from Latvia
In 2022, overseas shipments of corks and stoppers of natural cork decreased by -51.7% to X kg, falling for the third consecutive year after two years of growth. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 3,860% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, natural cork stopper exports dropped markedly to $X in 2022. Over the period under review, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2018 with an increase of 1,087% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Exports by Country
Estonia (X kg) was the main destination for natural cork stopper exports from Latvia, accounting for a 64% share of total exports. Moreover, natural cork stopper exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X kg), twofold.
From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-6.0% per year) and Russia (0.0% per year).
In value terms, Lithuania ($X) remains the key foreign market for corks and stoppers of natural cork exports from Latvia, comprising 55% of total exports. The second position in the ranking was taken by Russia ($X), with a 23% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+22.8% per year) and Estonia (+3.7% per year).
Export Prices by Country
In 2022, the average natural cork stopper export price amounted to $X per ton, dropping by -25.1% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of 323% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($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 Ukraine (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
Natural Cork Stopper Imports
Imports into Latvia
In 2022, purchases abroad of corks and stoppers of natural cork increased by 55% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 1,340% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, natural cork stopper imports skyrocketed to $X in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 954%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
Imports by Country
Lithuania (X tons), Poland (X tons) and Hungary (X tons) were the main suppliers of natural cork stopper imports to Latvia, with a combined 78% share of total imports. Germany, Portugal and Bulgaria lagged somewhat behind, together comprising a further 21%.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +123.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Lithuania ($X), Poland ($X) and Germany ($X) were the largest natural cork stopper suppliers to Latvia, with a combined 73% share of total imports.
Germany, with a CAGR of +92.0%, saw 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 more modest paces of growth.
Import Prices by Country
In 2022, the average natural cork stopper import price amounted to $X per ton, picking up by 26% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the natural cork stopper market in Latvia. 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
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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