Pakistan: Cork Article Market 2025

Cork Article Market Size in Pakistan

In 2021, the Pakistani cork article market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Cork Article Exports

Exports from Pakistan

In 2021, approx. X kg of cork articles were exported from Pakistan; picking up by 15% against the year before. Over the period under review, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 791% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, cork article exports rose notably to $X in 2021. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 754% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg), Bahrain (X kg) and Maldives (X kg) were the main destinations of cork article exports from Pakistan, together accounting for 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Maldives (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cork article exported from Pakistan were Bahrain ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined 99% share of total exports. Maldives, Canada and Kuwait lagged somewhat behind, together accounting for a further 0.3%.

Among the main countries of destination, Maldives, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, 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, shrinking by -3.5% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cork article export price decreased by -8.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 67% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, 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 the United Arab Emirates ($X per ton), while the average price for exports to Maldives ($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 Bahrain (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into Pakistan

After two years of decline, supplies from abroad of cork articles increased by 42% to X tons in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% 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 2013 with an increase of 42%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cork article imports expanded rapidly to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.3% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 51%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X tons) constituted the largest cork article supplier to Pakistan, with a 62% share of total imports. Moreover, cork article imports from Portugal exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+33.9% per year) and China (+10.6% per year).

In value terms, Portugal ($X) constituted the largest supplier of cork articles to Pakistan, comprising 66% of total imports. The second position in the ranking was taken by the UK ($X), with an 8.7% share of total imports. It was followed by the United Arab Emirates, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Portugal stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+22.8% per year) and the United Arab Emirates (+9.5% per year).

Import Prices by Country

The average cork article import price stood at $X per ton in 2021, dropping by -19.8% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cork article import price increased by +8.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, 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 the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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