Ukraine: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Ukraine

The Ukrainian natural cork stopper market expanded to $X in 2022, with an increase of 1.5% against the previous year. Over the period under review, consumption, however, saw a deep reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Natural Cork Stopper Production in Ukraine

In value terms, natural cork stopper production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 41% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Natural Cork Stopper Exports

Exports from Ukraine

In 2022, overseas shipments of corks and stoppers of natural cork increased by 70% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 473% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, natural cork stopper exports surged to $X in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2015 when exports increased by 509%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Moldova (X tons) was the main destination for natural cork stopper exports from Ukraine, with a 83% share of total exports. Moreover, natural cork stopper exports to Moldova exceeded the volume sent to the second major destination, the United States (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Moldova amounted to +124.3%.

In value terms, Moldova ($X) and the United States ($X) constituted the largest markets for natural cork stopper exported from Ukraine worldwide.

The United States, with a CAGR of +550.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average natural cork stopper export price stood at $X per ton in 2022, increasing by 8.2% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of 175% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a 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 the United States ($X per ton), while the average price for exports to Moldova amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Cork Stopper Imports

Imports into Ukraine

After three years of growth, supplies from abroad of corks and stoppers of natural cork decreased by -56.8% to X tons in 2022. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 117%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, natural cork stopper imports contracted dramatically to $X in 2022. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 90% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of natural cork stopper to Ukraine, accounting for a 61% share of total imports. Moreover, natural cork stopper imports from Portugal exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Germany (X kg), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal totaled -20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.3% per year) and Germany (+2,972.5% per year).

In value terms, Portugal ($X) constituted the largest supplier of corks and stoppers of natural cork to Ukraine, comprising 59% of total imports. The second position in the ranking was taken by Italy ($X), with a 28% share of total imports. It was followed by Germany, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Portugal totaled -19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and Germany (+2,901.8% per year).

Import Prices by Country

The average natural cork stopper import price stood at $X per ton in 2022, rising by 16% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 36% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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