Report Update Nov 1, 2024

Puerto Rico - Articles of Natural Cork and Agglomerated Cork - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Cork Article Market 2024

Cork Article Market Size in Puerto Rico

In 2021, the Puerto Rican cork article market increased by 3.1% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption recorded a modest increase. Puerto Rico consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Cork Article Production in Puerto Rico

In value terms, cork article production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a modest expansion. The pace of growth appeared the most rapid in 2014 with an increase of 101% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Cork Article Exports

Exports from Puerto Rico

In 2021, the amount of cork articles exported from Puerto Rico amounted to less than X kg, remaining stable against the previous year's figure. In general, exports showed a relatively flat trend pattern.

In value terms, cork article exports amounted to less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

Portugal represented the largest exporter of cork articles in the world, with the volume of exports recording X tons, which was approx. 68% of total exports in 2021. Spain (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by China (4.8%). France (X tons) and Germany (X tons) held a relatively small share of total exports.

Portugal experienced a relatively flat trend pattern with regard to volume of exports of cork articles. At the same time, France (+7.6%), China (+7.0%) and Spain (+5.1%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +7.6% from 2012-2021. By contrast, Germany (-4.2%) illustrated a downward trend over the same period. Spain (+4.3 p.p.), China (+2.1 p.p.) and France (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Portugal saw its share reduced by -4.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Portugal ($X) remains the largest cork article supplier from Puerto Rico, comprising 64% of global exports. The second position in the ranking was held by Spain ($X), with a 14% share of global exports. It was followed by France, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Portugal totaled +2.3%. In the other countries, the average annual rates were as follows: Spain (+4.6% per year) and France (+6.0% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, standing approx. at the previous year. Overall, the export price saw a relatively flat trend pattern.

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 France ($X per ton), while China ($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 (+3.6%), while the other leaders experienced more modest paces of growth.

Cork Article Imports

Imports into Puerto Rico

In 2021, the amount of cork articles imported into Puerto Rico was estimated at less than X kg, flattening at 2020. Over the period under review, imports showed a relatively flat trend pattern.

In value terms, cork article imports amounted to less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

The countries with the highest levels of cork article imports in 2021 were Germany (X tons), the United States (X tons), France (X tons), Italy (X tons) and Spain (X tons), together accounting for 56% of total import. Russia (X tons), Portugal (X tons), China (X tons), Canada (X tons), Switzerland (X tons), Chile (X tons), Belgium (X tons) and Denmark (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of +27.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 46% share of total imports. These countries were followed by Spain, Germany, Portugal, Chile, Russia, China, Switzerland, Canada, Belgium and Denmark, which together accounted for a further 28%.

Among the main importing countries, Denmark, with a CAGR of +15.3%, recorded the highest rates of growth with regard to the value of imports, 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 Puerto Rico stood at less than $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

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 France ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of natural cork and agglomerated cork in the world?

The countries with the highest volumes of natural cork consumption in 2020 were Egypt, China and the United States, with a combined 43% share of global consumption. These countries were followed by Russia, Brazil, Pakistan, Indonesia, Bangladesh, Mexico, France, Nigeria and Italy, which together accounted for a further 20%.

What are the largest producers of articles of natural cork and agglomerated cork in the world?

The countries with the highest volumes of natural cork production in 2020 were Egypt, China and Portugal, together accounting for 42% of global production. These countries were followed by the United States, Russia, Brazil, Pakistan, Indonesia, Bangladesh, Mexico and Nigeria, which together accounted for a further 22%.

What are the leading suppliers of articles of natural cork and agglomerated cork to Puerto Rico?

In value terms, the largest natural cork importing markets into Puerto Rico were the United States, France and Italy, together accounting for 47% of total imports. Spain, Germany, Portugal, Chile, Russia, China, Switzerland, Canada, Denmark and the Netherlands lagged somewhat behind, together comprising a further 28%.

What are the leading importers of articles of natural cork and agglomerated cork from Puerto Rico?

In value terms, Portugal remains the largest natural cork supplier from Puerto Rico, comprising 66% of global exports. The second position in the ranking was occupied by Spain, with a 14% share of global exports. It was followed by France, with a 6.3% share.

What is the average export price for articles of natural cork and agglomerated cork in Puerto Rico?

The natural cork export price in Puerto Rico stood at $less than 0.1 per ton in 2020, therefore, remained relatively stable against the previous year.

What is the average import price for articles of natural cork and agglomerated cork in Puerto Rico?

The natural cork import price in Puerto Rico stood at $less than 0.1 per ton in 2020, stabilizing at the previous year.

This report provides an in-depth analysis of the cork article market in Puerto Rico. 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
Prodcom 16292290 - Articles of natural cork, others
Prodcom 16292320 - Corks and stoppers, of agglomerated cork, for sparkling wine v.q.p.r.d. (including those with discs of natural cork)
Prodcom 16292350 - Corks and stoppers, of agglomerated cork, for wine (excluding for sparkling wine v.q.p.r.d.)
Prodcom 16292380 - Agglomerated cork - blocks, plates, sheets and strip, tiles of any shape, solid cylinders or discs including agglomerated expanded cork or burnt cork (excluding corks and stoppers)
Prodcom 16292400 - Agglomerated cork, other articles of agglomerated cork, n.e.c.

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023