Western Africa: Natural Cork Stopper Market 2025

Natural Cork Stopper Market Size in Western Africa

The West African natural cork stopper market reached $X in 2022, with an increase of 3% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Natural Cork Stopper Production in Western Africa

In value terms, natural cork stopper production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 38% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Natural Cork Stopper Exports

Exports in Western Africa

In 2022, shipments abroad of corks and stoppers of natural cork increased by 14% to X kg, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 680% against the previous year. As a result, the exports reached the peak of X kg. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural cork stopper exports fell sharply to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 989% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria prevails in exports structure, resulting at X kg, which was near 97% of total exports in 2022. Togo (X kg) took a relatively small share of total exports.

Nigeria was also the fastest-growing in terms of the corks and stoppers of natural cork exports, with a CAGR of +22.7% from 2012 to 2022. Togo (-12.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by +76 percentage points.

In value terms, Nigeria ($X) remains the largest natural cork stopper supplier in Western Africa, comprising 96% of total exports. The second position in the ranking was held by Togo ($X), with a 4.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at +30.8%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by -38.9% against the previous year. Overall, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of 113%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+6.6%).

Natural Cork Stopper Imports

Imports in Western Africa

In 2022, overseas purchases of corks and stoppers of natural cork decreased by -0.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 3,108%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, natural cork stopper imports fell significantly to $X in 2022. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 2,712%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria dominates imports structure, resulting at X tons, which was approx. 88% of total imports in 2022. It was distantly followed by Senegal (X tons), achieving an 8.9% share of total imports. Niger (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to natural cork stopper imports into Nigeria stood at +28.7%. At the same time, Niger (+37.3%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +37.3% from 2012-2022. Senegal experienced a relatively flat trend pattern. While the share of Nigeria (+46 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (-43.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported corks and stoppers of natural cork in Western Africa, comprising 74% of total imports. The second position in the ranking was held by Senegal ($X), with a 20% share of total imports.

In Nigeria, natural cork stopper imports expanded at an average annual rate of +24.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (+0.8% per year) and Niger (-15.2% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, dropping by -37.1% against the previous year. Overall, the import price saw a deep setback. The pace of growth appeared the most rapid in 2021 when the import price increased by 211%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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