Cork Article Market in China
Market Overview
The Chinese cork article market fell slightly to $
in , stabilizing at 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 remarkable increase. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
In value terms, cork article production shrank to $ in estimated in export price. Overall, production posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
in , stabilizing at 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 remarkable increase. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.In value terms, cork article production shrank to $
in estimated in export price. Overall, production posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , consumption of cork articles in China expanded slightly to tons, growing by % against . Over the period under review, consumption saw measured growth. Cork article consumption peaked in and is expected to retain growth in the near future.
The size of the cork article market in China expanded notably to $ in , rising 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 saw a prominent expansion. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
, consumption of cork articles in China expanded slightly to tons, growing by % against . Over the period under review, consumption saw measured growth. Cork article consumption peaked in and is expected to retain growth in the near future.The size of the cork article market in China expanded notably to $
in , rising 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 saw a prominent expansion. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for cork articles in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Over the period under review, imports of cork article in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for cork article. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. 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 remained relatively constant over the period under review. 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.Trade Balance
China remains a net exporter of cork article; 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.
Download XLSX
Download all the data in the form of a report