Saudi Arabia: Natural Cork Stopper Market 2025

Natural Cork Stopper Market Size in Saudi Arabia

The Saudi natural cork stopper market shrank slightly to $X in 2022, declining by -2.8% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.1% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Natural Cork Stopper Production in Saudi Arabia

In value terms, natural cork stopper production reduced slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.3% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 64%. Natural cork stopper production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Natural Cork Stopper Exports

Exports from Saudi Arabia

In 2020, overseas shipments of corks and stoppers of natural cork decreased by -78.8% to X kg, falling for the second consecutive year after four years of growth. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 192% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, natural cork stopper exports fell notably to $X in 2020. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 246% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bahrain (X kg) was the main destination for natural cork stopper exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Bahrain was relatively modest.

In value terms, Bahrain ($X) emerged as the key foreign market for corks and stoppers of natural cork exports from Saudi Arabia.

From 2012 to 2020, the average annual rate of growth in terms of value to Bahrain was relatively modest.

Export Prices by Country

In 2020, the average natural cork stopper export price amounted to $X per ton, waning by -6.3% against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2020, the rate of growth in terms of prices for Kuwait amounted to +285.0% per year.

Natural Cork Stopper Imports

Imports into Saudi Arabia

In 2022, imports of corks and stoppers of natural cork into Saudi Arabia surged to X tons, jumping by 64% against the year before. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 105% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, natural cork stopper imports fell rapidly to $X in 2022. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 265%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, Bahrain (X tons) constituted the largest natural cork stopper supplier to Saudi Arabia, accounting for a 89% share of total imports. Moreover, natural cork stopper imports from Bahrain exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume from Bahrain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-95.7% per year) and the UK (-18.4% per year).

In value terms, Bahrain ($X), the UK ($X) and India ($X) were the largest natural cork stopper suppliers to Saudi Arabia.

The UK, with a CAGR of +15.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average natural cork stopper import price stood at $X per ton in 2022, falling by -61.2% against the previous year. Overall, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 206%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+87.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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