Cork: natural cork, raw or simply prepared

In 2024, cork: natural cork, raw or simply prepared trade exhibited significant decline, with global flows reaching $136,959,898 and a three-year compound annual growth rate of +2.2% (five-year: +1.0%). The all-time peak of $177,663,504 was recorded in 2018; the current level is 23% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-0.2% acceleration).

The World Trade Flows Characterization classifies cork: natural cork, raw or simply prepared as "Two-way horizontal trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.606). The three largest exporters — Spain ($105.6M), Portugal ($14.1M), and Italy ($11.0M) — collectively dominate supply flows. The leading exporter has grown at +2.9% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.641). The three largest import markets are Portugal ($108.9M), Spain ($11.0M), and China ($5.1M). The largest importing market sources from 12 different supplying countries.

The dominant trade corridor is Spain → Portugal at $100.4M, representing 92.2% of the importer's total demand.

The volatility score for cork: natural cork, raw or simply prepared is 9 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.