Report Update Nov 1, 2024

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

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Uruguay: Natural Cork Stopper Market 2024

Natural Cork Stopper Market Size in Uruguay

The Uruguayan natural cork stopper market fell markedly to $X in 2022, waning by -19.4% 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). In general, consumption, however, recorded temperate growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Natural Cork Stopper Exports

Exports from Uruguay

Natural cork stopper exports from Uruguay declined rapidly to X kg in 2022, waning by -96.9% compared with 2021 figures. Overall, exports continue to indicate a sharp downturn. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural cork stopper exports contracted remarkably to $X in 2022. Over the period under review, exports saw a sharp descent. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Portugal (X kg) was the main destination for natural cork stopper exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to Portugal stood at -94.3%.

In value terms, Portugal ($X) also remains the key foreign market for corks and stoppers of natural cork exports from Uruguay.

From 2016 to 2022, the average annual growth rate of value to Portugal totaled -90.4%.

Export Prices by Country

In 2022, the average natural cork stopper export price amounted to $X per ton, picking up by 54% against the previous year. In general, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2016 to 2022, the rate of growth in terms of prices for Portugal amounted to +67.9% per year.

Natural Cork Stopper Imports

Imports into Uruguay

In 2022, imports of corks and stoppers of natural cork into Uruguay reduced dramatically to X tons, with a decrease of -34.3% on 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, natural cork stopper imports dropped remarkably to $X in 2022. Overall, imports, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2018 with an increase of 51%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Portugal (X tons) was the main supplier of natural cork stopper to Uruguay, with a 100% share of total imports. It was followed by Spain (X kg), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal amounted to +4.7%.

In value terms, Portugal ($X) constituted the largest supplier of corks and stoppers of natural cork to Uruguay, comprising 100% of total imports. The second position in the ranking was held by Spain ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Portugal totaled +8.9%.

Import Prices by Country

The average natural cork stopper import price stood at $X per ton in 2022, surging by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2021 an increase of 21%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Portugal ($X per ton), while the price for Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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, together accounting for 54% 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, together comprising 56% of global production.

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

In value terms, Portugal constituted the largest supplier of natural cork stopper to Uruguay, comprising 63% of total imports. The second position in the ranking was occupied by Spain, with a 31% share of total imports. It was followed by Chile, with a 2.9% share.

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

In 2016, the average natural cork stopper export price amounted to $23,319 per ton, standing approx. at the previous year.

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

In 2021, the average natural cork stopper import price amounted to $19,795 per ton, falling by -29.3% against the previous year.

This report provides an in-depth analysis of the natural cork stopper market in Uruguay. 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:

Uruguay

Data coverage:

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