Scandinavia: Cork Article Market 2024

Cork Article Market Size in Scandinavia

The Scandinavia cork article market fell modestly to $X in 2021, shrinking by -3.8% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Cork Article Production in Scandinavia

In value terms, cork article production surged to $X in 2021 estimated in export price. In general, production, however, recorded a dramatic slump. The pace of growth appeared the most rapid in 2016 with an increase of 33%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cork Article Exports

Exports in Scandinavia

In 2021, shipments abroad of cork articles was finally on the rise to reach X tons after six years of decline. Over the period under review, exports, however, showed a perceptible reduction. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, cork article exports skyrocketed to $X in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 161%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Denmark was the key exporter of cork articles in Scandinavia, with the volume of exports amounting to X tons, which was near 62% of total exports in 2021. It was distantly followed by Sweden (X tons), committing a 34% share of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +26.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Denmark ($X) remains the largest cork article supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was taken by Sweden ($X), with an 8.4% share of total exports.

In Denmark, cork article exports expanded at an average annual rate of +49.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-5.1% per year) and Norway (+8.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with a decrease of -1.6% against the previous year. In general, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of 167%. The level of export peaked at $X per ton in 2020, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+24.7%), while the other leaders experienced mixed trends in the export price figures.

Cork Article Imports

Imports in Scandinavia

In 2021, approx. X tons of cork articles were imported in Scandinavia; which is down by -5.3% against the previous year. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.9% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 62%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, cork article imports stood at $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 36%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Denmark was the largest importing country with an import of about X tons, which resulted at 48% of total imports. It was distantly followed by Finland (X tons), Norway (X tons) and Sweden (X tons), together creating a 49% share of total imports. Iceland (X tons) followed a long way behind the leaders.

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, Denmark ($X), Finland ($X) and Sweden ($X) were the countries with the highest levels of imports in 2021, together accounting for 82% of total imports.

Denmark, with a CAGR of +15.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Scandinavia stood at $X per ton in 2021, picking up by 7.1% against the previous year. In general, the import price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 9.7% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform