Cork: corks and stoppers, of natural cork

In 2024, cork: corks and stoppers, of natural cork trade exhibited significant decline, with global flows reaching $537,778,761 and a three-year compound annual growth rate of -6.2% (five-year: -3.0%). The all-time peak of $809,357,737 was recorded in 2004; the current level is 34% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-4.0% acceleration).

The World Trade Flows Characterization classifies cork: corks and stoppers, of natural cork as "One-way 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 0.619). The three largest exporters — Portugal ($421.5M), Spain ($31.4M), and France ($23.3M) — collectively dominate supply flows. The leading exporter has grown at -7.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.137). The three largest import markets are United States ($137.6M), France ($112.4M), and Italy ($51.3M). The largest importing market sources from 25 different supplying countries.

The dominant trade corridor is Portugal → United States at $126.4M, representing 91.9% of the importer's total demand.

The volatility score for cork: corks and stoppers, of natural cork is 8 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.