Sweden: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Sweden

The Swedish natural cork stopper market dropped to $X in 2022, with a decrease of -6.3% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Natural Cork Stopper Production in Sweden

In value terms, natural cork stopper production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 67% against the previous year. Natural cork stopper production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Natural Cork Stopper Exports

Exports from Sweden

In 2022, natural cork stopper exports from Sweden surged to X tons, with an increase of 25% against the year before. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 448%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, natural cork stopper exports fell notably to $X in 2022. Overall, exports posted resilient growth. The growth pace was the most rapid in 2019 with an increase of 107% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Norway (X tons) was the main destination for natural cork stopper exports from Sweden, with a 70% share of total exports. Moreover, natural cork stopper exports to Norway exceeded the volume sent to the second major destination, Denmark (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+22.6% per year) and the Netherlands (+16.9% per year).

In value terms, Norway ($X) remains the key foreign market for corks and stoppers of natural cork exports from Sweden, comprising 64% of total exports. The second position in the ranking was taken by Denmark ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+14.1% per year) and the Netherlands (+7.2% per year).

Export Prices by Country

In 2022, the average natural cork stopper export price amounted to $X per ton, reducing by -50.7% against the previous year. In general, the export price, however, continues to indicate a modest increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 317%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+3.9%), while the prices for the other major destinations experienced a decline.

Natural Cork Stopper Imports

Imports into Sweden

In 2022, approx. X tons of corks and stoppers of natural cork were imported into Sweden; jumping by 27% against the year before. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 83% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, natural cork stopper imports soared to $X in 2022. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 102%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of natural cork stopper to Sweden, with a 69% share of total imports. Moreover, natural cork stopper imports from France exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +113.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+70.0% per year) and Italy (+23.7% per year).

In value terms, the largest natural cork stopper suppliers to Sweden were France ($X), the UK ($X) and Portugal ($X), with a combined 90% share of total imports. Italy, India and Belgium lagged somewhat behind, together accounting for a further 6.5%.

Belgium, with a CAGR of +460.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average natural cork stopper import price amounted to $X per ton, growing by 5.6% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 45%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+22.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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