Agglomerated cork and articles market in Italy

Earlier Report Observations

From 2018 to 2021, the Italian agglomerated cork market experienced significant fluctuations. Amorim Cork Italia's launch of new technical closures Sparkpür 01 and 02, specifically designed for Prosecco DOC and DOCG wines, stimulated cork demand in 2018-2019, contributing to market volume growth to 35.3 thousand tons in 2019. However, in 2020, physical market volume contracted to 31.2 thousand tons, while value increased to $311.9 million USD, reflecting a shift toward higher-value products. By 2021, Amorim's investments in corporate welfare and certifications such as Family Audit supported a recovery in market volume to 35.8 thousand tons.

After 2021, the market began to decline, with volume dropping to 28.5 thousand tons in 2023. Italian production fell from 24.8 thousand tons in 2019 to 12.5 thousand tons in 2023, while imports peaked at 21.2 thousand tons in 2022 before decreasing. Technological advancements, such as advanced machinery for cork plants from Italian manufacturers including Meacci, helped maintain product quality, but overall market volume shrank due to reduced domestic production and import changes.

Production agglomerated cork and articles in Italy

In value, 2017-2020, M $ US

In 2020, Italy's output of agglomerated cork and articles was valued at 186.6 million US dollars, remaining broadly stable compared to 2019.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

In kind, 2017-2020, t

Italy produced 18,570 tonnes of agglomerated cork and articles in 2020, marking a sharp decline of 25.2% from the previous year.

Annual dynamics of production in Italy in kind, 2017-2020, t

Exports agglomerated cork and articles from Italy

Exports in kind, t

Italy's exports of agglomerated cork and articles declined for the second consecutive year. In 2020, the country exported 1,331 tonnes, which is 20.8% lower than in 2019. Over the period from 2017 to 2020, exports decreased by 17.4%, with a compound annual growth rate (CAGR) of -6.2%. The maximum volume was recorded in 2018 at 1,723 tonnes, with the largest increase of 6.9% also occurring that year.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, China, the United States, and France formed the main cluster of markets for Italy's exports of agglomerated cork and articles in kind. China accounted for 27.7% of exports, the United States for 15.5%, and France for 14.2%, with their combined share reaching 57.4% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

After a two-year rise, Italy's export volume of agglomerated cork and articles in value terms declined. In 2020, exports totaled 16.4 million US dollars, down 17.8% from the previous year. Over the 2017-2020 period, exports increased by 14.3%, with a CAGR of 4.5%. The maximum value was recorded in 2019 at 19.9 million US dollars, while the largest increase of 33.2% occurred in 2018.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

Throughout 2017-2020, France, China, and the United States remained the main markets for Italy's exports of agglomerated cork and articles in value terms. France held 22.4% of exports, China 17.4%, and the United States 16.9%, jointly accounting for 56.7% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports agglomerated cork and articles to Italy

Imports in kind, t

After a two-year fall, Italy's import volume of agglomerated cork and articles in kind increased. In 2020, imports reached 13,947 tonnes, up 14.5% from the previous year. The minimum volume was recorded in 2019 at 12,177 tonnes, with the largest decline of 13.3% also occurring that year.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, Portugal, France, and Spain led the ranking of suppliers of agglomerated cork and articles to Italy in kind. Portugal accounted for 54.3% of imports, France for 20.6%, and Spain for 19.5%, with their combined share reaching 94.4% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

Italy imported a total of 141.7 million US dollars worth of agglomerated cork and articles in 2020, up 17.2% from 2019. Over the 2017-2020 period, imports increased by 18.5%, with a CAGR of 5.8%. The largest decline of 10.6% was recorded in 2019.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

From 2017 to 2020, Portugal, France, and Spain consistently occupied leading positions in Italy's import structure in value terms. Portugal accounted for 47.0% of imports, France for 29.7%, and Spain for 19.2%, jointly representing 96.0% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020