Scandinavia: Natural Cork Market 2024

Natural Cork Market Size in Scandinavia

In 2021, the Scandinavia natural cork market increased by 74% to $X for the first time since 2014, thus ending a six-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Natural Cork Production in Scandinavia

In value terms, natural cork production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% 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 2016 with an increase of 39% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Natural Cork Exports

Exports in Scandinavia

In 2021, approx. X tons of natural cork debacked or roughly squared were exported in Scandinavia; picking up by 1,040% compared with 2020 figures. Over the period under review, exports, however, showed a mild setback. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, natural cork exports soared to $X in 2021. In general, exports, however, showed a deep reduction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Denmark (X tons) was the major exporter of natural cork debacked or roughly squared, making up 85% of total exports. It was distantly followed by Sweden (X kg), generating a 14% share of total exports.

Exports from Denmark decreased at an average annual rate of -2.1% from 2012 to 2021. At the same time, Sweden (+5.9%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +5.9% from 2012-2021. Sweden (+6.4 p.p.) significantly strengthened its position in terms of the total exports, while Denmark saw its share reduced by -5.7% from 2012 to 2021, respectively.

In value terms, Denmark ($X) emerged as the largest natural cork supplier in Scandinavia, comprising 75% of total exports. The second position in the ranking was held by Sweden ($X), with a 21% share of total exports.

In Denmark, natural cork exports contracted by an average annual rate of -14.9% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, declining by -66.8% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2020 an increase of 356%. As a result, the export price attained the peak level of $X per ton, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.0%).

Natural Cork Imports

Imports in Scandinavia

In 2021, after four years of decline, there was significant growth in overseas purchases of natural cork debacked or roughly squared, when their volume increased by 466% to X tons. Overall, imports recorded temperate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural cork imports surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark dominates imports structure, recording X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Finland (X tons), making up a 4.9% share of total imports. Sweden (X kg) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to natural cork imports into Denmark stood at +13.4%. At the same time, Finland (+17.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +17.1% from 2012-2021. By contrast, Sweden (-27.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark and Finland increased by +51 and +3.3 percentage points, respectively.

In value terms, Denmark ($X) constitutes the largest market for imported natural cork debacked or roughly squared in Scandinavia, comprising 82% of total imports. The second position in the ranking was held by Finland ($X), with an 8% share of total imports.

In Denmark, natural cork imports expanded at an average annual rate of +3.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (+16.9% per year) and Sweden (-19.9% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, jumping by 32% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 188% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+10.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform