Switzerland: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Switzerland

The Swiss natural cork stopper market totaled $X in 2022, with an increase of 5.9% against the previous year. Overall, consumption, however, saw a perceptible setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Natural Cork Stopper Production in Switzerland

In value terms, natural cork stopper production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 4.8% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Natural Cork Stopper Exports

Exports from Switzerland

In 2022, approx. X tons of corks and stoppers of natural cork were exported from Switzerland; waning by -6% compared with the year before. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 26% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, natural cork stopper exports dropped to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for natural cork stopper exports from Switzerland, with a 85% share of total exports. Moreover, natural cork stopper exports to France exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Italy (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.3% per year) and Italy (+14.7% per year).

In value terms, France ($X) remains the key foreign market for corks and stoppers of natural cork exports from Switzerland, comprising 81% of total exports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total exports. It was followed by Austria, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.7% per year) and Austria (-2.9% per year).

Export Prices by Country

In 2022, the average natural cork stopper export price amounted to $X per ton, waning by -3.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to France ($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 Portugal (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Cork Stopper Imports

Imports into Switzerland

Natural cork stopper imports into Switzerland soared to X tons in 2022, growing by 33% on 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 43% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, natural cork stopper imports rose modestly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of natural cork stopper to Switzerland, with a 65% share of total imports. Moreover, natural cork stopper imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-4.6% per year) and Germany (-5.8% per year).

In value terms, the largest natural cork stopper suppliers to Switzerland were France ($X), Portugal ($X) and Spain ($X), with a combined 88% share of total imports.

In terms of the main suppliers, France, with a CAGR of +3.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average natural cork stopper import price stood at $X per ton in 2022, falling by -21.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. 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 Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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