Russian Federation: Cork Article Market 2025

Cork Article Market Size in the Russian Federation

After four years of decline, the Russian cork article market increased by 11% to $X in 2021. Overall, consumption, however, showed a pronounced reduction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Cork Article Production in the Russian Federation

In value terms, cork article production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 41%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Cork Article Exports

Exports from the Russian Federation

In 2021, overseas shipments of cork articles increased by 9.8% to X tons, rising for the fourth year in a row after two years of decline. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 128% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, cork article exports rose notably to $X in 2021. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2013 with an increase of 196%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Kazakhstan (X tons) was the main destination for cork article exports from Russia, accounting for a 47% share of total exports. Moreover, cork article exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), twofold. Armenia (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan stood at +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+27.1% per year) and Armenia (+49.8% per year).

In value terms, the largest markets for cork article exported from Russia were Kazakhstan ($X), Belarus ($X) and Armenia ($X), together comprising 81% of total exports. Ukraine, Georgia and Estonia lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, Estonia, with a CAGR of +84.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cork article export price amounted to $X per ton, surging by 2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 57%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Kazakhstan ($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 Belarus (+8.4%), while the prices for the other major destinations experienced a decline.

Cork Article Imports

Imports into the Russian Federation

In 2021, approx. X tons of cork articles were imported into Russia; dropping by -1.9% against the previous year. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 9.8% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cork article imports reduced to $X in 2021. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 15%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of cork article to Russia, accounting for a 88% share of total imports. Moreover, cork article imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal totaled -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.1% per year) and Spain (-18.9% per year).

In value terms, Portugal ($X) constituted the largest supplier of cork articles to Russia, comprising 85% of total imports. The second position in the ranking was taken by China ($X), with a 4.9% share of total imports. It was followed by Spain, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from Portugal amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.7% per year) and Spain (-18.2% per year).

Import Prices by Country

The average cork article import price stood at $X per ton in 2021, reducing by -2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2018 an increase of 16%. The import price peaked at $X per ton in 2020, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Portugal ($X per ton), while the price for China ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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