Natural Cork Market Overview in the United Kingdom
In value terms, natural cork production fell to $ in estimated in export prices. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. from 2009 to , production growth failed to regain the momentum.
The value of the natural cork market in the UK dropped significantly to $ in , which is down 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 faced a deep downturn. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.