MENA: Natural Cork Market 2025

Natural Cork Market Size in MENA

The MENA's natural cork market declined to $X in 2021, with a decrease of -11% against the previous year. In general, consumption continues to indicate a noticeable shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Natural Cork Production in MENA

In value terms, natural cork production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Natural Cork Exports

Exports in MENA

In 2021, shipments abroad of natural cork debacked or roughly squared was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 117%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, natural cork exports surged to $X in 2021. Over the period under review, exports, however, showed a mild setback. The pace of growth appeared the most rapid in 2017 with an increase of 113%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Jordan (X tons), Saudi Arabia (X tons), Morocco (X tons), Algeria (X tons), the United Arab Emirates (X tons) and Tunisia (X tons), together recording 93% of total export. Egypt (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Jordan (with a CAGR of +64.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest natural cork supplying countries in MENA were Jordan ($X), Saudi Arabia ($X) and Morocco ($X), with a combined 60% share of total exports.

Jordan, with a CAGR of +45.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, falling by -9.9% against the previous year. Over the period under review, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 60% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Natural Cork Imports

Imports in MENA

In 2021, purchases abroad of natural cork debacked or roughly squared decreased by -3.9% to X tons, falling for the third year in a row after two years of growth. In general, imports faced a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 83%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, natural cork imports expanded to $X in 2021. Over the period under review, imports recorded a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bahrain (X tons) and Yemen (X tons) represented roughly 54% of total imports in 2021. It was distantly followed by Qatar (X tons), the United Arab Emirates (X tons), Syrian Arab Republic (X tons), Oman (X tons) and Iran (X tons), together creating a 40% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iran (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural cork importing markets in MENA were Bahrain ($X), Yemen ($X) and the United Arab Emirates ($X), with a combined 65% share of total imports.

Yemen, with a CAGR of +35.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 MENA stood at $X per ton in 2021, with an increase of 7.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 109% against the previous year. The level of import 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 importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform