Report Update Nov 1, 2024

Sri Lanka - Corks and Stoppers of Natural Cork - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Sri Lanka

The Sri Lankan natural cork stopper market dropped dramatically to $X in 2022, shrinking by -27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted measured growth. Natural cork stopper consumption peaked at $X in 2021, and then contracted notably in the following year.

Natural Cork Stopper Exports

Exports from Sri Lanka

In 2022, approx. X kg of corks and stoppers of natural cork were exported from Sri Lanka; remaining constant against the year before. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 175%. Over the period under review, the exports reached the peak figure at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural cork stopper exports contracted slightly to $X in 2022. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2014 when exports increased by 177%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Maldives (X kg) and Ukraine (X kg) were the main destinations of natural cork stopper exports from Sri Lanka. Moreover, natural cork stopper exports in Maldives exceeded the figures recorded by the second-largest exporter, Ukraine, twofold.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +28.2%).

In value terms, Maldives ($X) remains the key foreign market for corks and stoppers of natural cork exports from Sri Lanka, comprising 97% of total exports. The second position in the ranking was held by Ukraine ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives totaled +21.6%.

Export Prices by Country

In 2022, the average natural cork stopper export price amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Ukraine stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-5.1%), while the prices for the other major destinations experienced a decline.

Natural Cork Stopper Imports

Imports into Sri Lanka

In 2022, approx. X tons of corks and stoppers of natural cork were imported into Sri Lanka; which is down by -17.7% against the previous year. In general, imports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2019 when imports increased by 101%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, natural cork stopper imports shrank notably to $X in 2022. Over the period under review, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of 88%. Over the period under review, imports hit record highs at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

China (X tons), Portugal (X tons) and India (X kg) were the main suppliers of natural cork stopper imports to Sri Lanka.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +33.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Portugal ($X) and India ($X) appeared to be the largest natural cork stopper suppliers to Sri Lanka.

China, with a CAGR of +53.8%, 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, waning by -15.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 53%. As a result, import price attained the peak level of $X per ton, and then contracted sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for corks and stoppers of natural cork in the world?

The countries with the highest volumes of in 2021 were Portugal, China and the United States, with a combined 54% share of global consumption.

What are the largest producers of corks and stoppers of natural cork in the world?

The countries with the highest volumes of in 2021 were Portugal, China and the United States, with a combined 56% share of global production.

What are the leading suppliers of corks and stoppers of natural cork to Sri Lanka?

In value terms, Portugal constituted the largest supplier of natural cork stopper to Sri Lanka, comprising 87% of total imports. The second position in the ranking was occupied by China, with an 11% share of total imports.

What are the leading importers of corks and stoppers of natural cork from Sri Lanka?

In value terms, Maldives $231) remains the key foreign market for natural cork stopper exports from Sri Lanka, comprising 95% of total exports. The second position in the ranking was occupied by Ukraine $11), with a 4.5% share of total exports.

What is the average export price for corks and stoppers of natural cork in Sri Lanka?

In 2021, the average natural cork stopper export price amounted to $30,250 per ton, declining by -21% against the previous year.

What is the average import price for corks and stoppers of natural cork in Sri Lanka?

In 2021, the average natural cork stopper import price amounted to $10,868 per ton, growing by 4.5% against the previous year.

This report provides an in-depth analysis of the natural cork stopper market in Sri Lanka. 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

Country coverage:

Sri Lanka

Data coverage:

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