New Zealand: Cork Article Market 2025

Cork Article Market Size in New Zealand

The New Zealand cork article market fell to $X in 2021, dropping by -5.7% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +7.3% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Cork Article Production in New Zealand

In value terms, cork article production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +8.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 69% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Cork Article Exports

Exports from New Zealand

In 2021, shipments abroad of cork articles increased by 135% to X tons for the first time since 2012, thus ending a eight-year declining trend. In general, exports, however, showed a dramatic decrease. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cork article exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a sharp decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Australia (X tons) and Fiji (X kg) were the main destinations of cork article exports from New Zealand, together accounting for 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for Fiji (with a CAGR of +54.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X), China ($X) and Fiji ($X) constituted the largest markets for cork article exported from New Zealand worldwide, with a combined 94% share of total exports.

Fiji, with a CAGR of +37.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average cork article export price amounted to $X per ton, reducing by -43.4% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United States ($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 Australia (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into New Zealand

In 2021, the amount of cork articles imported into New Zealand amounted to X tons, picking up by 5.5% on the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 27% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, cork article imports rose sharply to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 18% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Portugal (X tons) constituted the largest cork article supplier to New Zealand, accounting for a 55% share of total imports. Moreover, cork article imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Australia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.9% per year) and Australia (+2.6% per year).

In value terms, Portugal ($X) constituted the largest supplier of cork articles to New Zealand, comprising 51% of total imports. The second position in the ranking was held by Australia ($X), with a 24% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Portugal stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+3.7% per year) and China (-0.1% per year).

Import Prices by Country

The average cork article import price stood at $X per ton in 2021, growing by 5.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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