Tunisia: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Tunisia

The Tunisian natural cork stopper market dropped slightly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, showed a slight descent. Natural cork stopper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Natural Cork Stopper Production in Tunisia

In value terms, natural cork stopper production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 20%. Natural cork stopper production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Natural Cork Stopper Exports

Exports from Tunisia

In 2022, the amount of corks and stoppers of natural cork exported from Tunisia dropped to X tons, declining by -7.4% compared with 2021. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 86%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural cork stopper exports declined slightly to $X in 2022. Over the period under review, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2019 when exports increased by 108% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for natural cork stopper exports from Tunisia, with a 62% share of total exports. Moreover, natural cork stopper exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), twofold. India (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+18.1% per year) and India (+0.0% per year).

In value terms, the largest markets for natural cork stopper exported from Tunisia were Italy ($X), Spain ($X) and Algeria ($X), together comprising 97% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +25.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average natural cork stopper export price stood at $X per ton in 2022, with an increase of 6.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to India ($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 Algeria (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Cork Stopper Imports

Imports into Tunisia

After two years of decline, supplies from abroad of corks and stoppers of natural cork increased by 18% to X tons in 2022. Over the period under review, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by 451%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, natural cork stopper imports skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 468% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X kg), Germany (X kg) and Portugal (X kg) were the main suppliers of natural cork stopper imports to Tunisia, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +13.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of corks and stoppers of natural cork to Tunisia, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by Portugal, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.3% per year) and Portugal (-22.2% per year).

Import Prices by Country

In 2022, the average natural cork stopper import price amounted to $X per ton, increasing by 30% against the previous year. In general, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 44%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform