MERCOSUR: Cork Article Market 2025

Cork Article Market Size in MERCOSUR

The MERCOSUR cork article market totaled $X in 2021, rising by 14% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cork Article Production in MERCOSUR

In value terms, cork article production declined to $X in 2021 estimated in export price. In general, production showed a mild shrinkage. The growth pace was the most rapid in 2016 with an increase of 20% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Cork Article Exports

Exports in MERCOSUR

In 2021, overseas shipments of cork articles increased by 4.3% to X tons, rising for the fourth consecutive year after five years of decline. In general, exports, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cork article exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile prevails in exports structure, reaching X tons, which was near 90% of total exports in 2021. The following exporters - Paraguay (X tons) and Brazil (X tons) - each finished at a 6.9% share of total exports.

Exports from Chile increased at an average annual rate of +7.4% from 2012 to 2021. At the same time, Paraguay (+24.3%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +24.3% from 2012-2021. By contrast, Brazil (-26.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile and Paraguay increased by +47 and +3 percentage points, respectively.

In value terms, Chile ($X) remains the largest cork article supplier in MERCOSUR, comprising 97% of total exports. The second position in the ranking was held by Brazil ($X), with a 0.9% share of total exports.

In Chile, cork article exports increased at an average annual rate of +12.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-23.0% per year) and Paraguay (+32.8% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, surging by 40% against the previous year. Overall, the export price enjoyed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+6.8%), while the other leaders experienced more modest paces of growth.

Cork Article Imports

Imports in MERCOSUR

In 2021, overseas purchases of cork articles increased by 19% to X tons, rising for the third year in a row after three years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cork article imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile represented the key importer of cork articles in MERCOSUR, with the volume of imports amounting to X tons, which was near 50% of total imports in 2021. Argentina (X tons) held the second position in the ranking, distantly followed by Brazil (X tons) and Peru (X tons). All these countries together took near 45% share of total imports. Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +7.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cork article importing markets in MERCOSUR were Chile ($X), Argentina ($X) and Brazil ($X), together comprising 94% of total imports. These countries were followed by Peru and Colombia, which together accounted for a further 3.4%.

Colombia, with a CAGR of +5.5%, saw the highest growth rate of 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

In 2021, the import price in MERCOSUR amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 12%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 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 Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform