Natural Cork Market in China
Market Overview
In 
, the Chinese natural cork market increased by % to $, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a slight reduction. Natural cork consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
In value terms, natural cork production dropped modestly to $ in estimated in export price. Over the period under review, production showed a mild decrease. The pace of growth was the most pronounced in 2016 with an increase of %. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production failed to regain momentum.
, the Chinese natural cork market increased by % to $, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a slight reduction. Natural cork consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.In value terms, natural cork production dropped modestly to $
in estimated in export price. Over the period under review, production showed a mild decrease. The pace of growth was the most pronounced in 2016 with an increase of %. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
After two years of growth, consumption of natural cork debacked or roughly squared decreased by -% to tons in . Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at tons in 2007; afterwards, it flattened through to .
The size of the natural cork market in China reduced modestly to $ in , dropping by -% 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 showed a slight shrinkage. Natural cork consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
% to tons in . Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at tons in 2007; afterwards, it flattened through to .The size of the natural cork market in China reduced modestly to $
in , dropping by -% 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 showed a slight shrinkage. Natural cork consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for natural cork in China, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
China remains a net exporter of natural cork; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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