| Product Code: ETC029099 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The import trend for cork products in the Saudi Arabia market experienced a notable decline from 2023 to 2024, with a growth rate of -66.25%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at a robust 64.68%. This sharp downturn in 2024 could be attributed to shifting consumer preferences, changes in trade policies, or market saturation impacting import momentum.
The Saudi Arabia cork products market was valued at USD 1.47 bn in 2025 and is expected to reach USD 2.02 bn by 2031, registering a CAGR of 5.777% during the forecast period (2025??2031). Corks are widely utilized for sealing wine bottles, as they create an airtight seal that helps preserve the flavor and aroma of wine over time. Besides their ability to conserve wines for long periods, corks also add aesthetic appeal to these beverages and enhance consumer experience on opening them. Moreover, the growing demand for premium wines has further resulted in increased consumption of high-quality corks across the globe, with countries such as Spain leading in terms of production volumes due to its larger share of vineyards globally.
A major factor driving growth in the Saudi Arabia cork products market is rising demand from wineries worldwide coupled with increasing popularity among consumers for quality wines packed using natural materials like wood or rubber stoppers instead plastic caps or metal crowns, thereby favoring adoption rates among manufacturers. Additionally technological advancements allowing better insulation properties have also been aiding growth within this space while rising investments into research & development activities related to design optimization has had a positive impact on product developments within the industry landscape as wellAdditionally technological advancements allowing better insulation properties have also been aiding growth within this space while rising investments into research & development activities related to design optimization has had a positive impact on product developments within the industry landscape as well . Furthermore owing to environmental advantages associated with usage along with improved elasticity characteristics resulting from agglomeration techniques which allow uniform compression it provides an additional boost towards overall market expansion opportunities.
Despite multiple benefits associated with usage some challenges still persist including low moisture absorption capacity alongwith hefty price tags compared against other alternatives existing out there which could act as potential restraints towards its widespread acceptance across different industries.
However, the outbreak of COVID-19 has had an adverse impact on global economies by hindering industrial production, leading to reduced consumer spending in 2025. This has led to a decrease in demand for different types of construction materials including cork products due to lockdowns imposed across countries around the world. Thus, these factors are likely to restrain growth prospects during 2025-2031 period.
Some of the key players operating in this market include Amorim Cork Composites S/A., TECNICORK Group Ltd., Eucatex Ind?stria e Comercio S/A., Corticeira Amorim S/A., Altona SA - Produtos de Borracha Lda., Jelinek Cork Group Europe GmbH & Co KG, Manoir Industries SA , Avintes Vinhos Unipessoal LDA , Santa Catarina Natural Products Inc .
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Cork Products Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Cork Products Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Cork Products Market - Industry Life Cycle |
3.4 Saudi Arabia Cork Products Market - Porter's Five Forces |
3.5 Saudi Arabia Cork Products Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Cork Products Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia Cork Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about eco-friendly and sustainable products |
4.2.2 Growing demand for cork products in various industries such as construction, automotive, and consumer goods |
4.2.3 Government initiatives promoting the use of sustainable materials in Saudi Arabia |
4.3 Market Restraints |
4.3.1 Limited availability of cork resources leading to supply chain challenges |
4.3.2 Fluctuating prices of cork due to factors like climate change and market demand |
4.3.3 Competition from alternative materials in the market |
5 Saudi Arabia Cork Products Market Trends |
6 Saudi Arabia Cork Products Market, By Types |
6.1 Saudi Arabia Cork Products Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Cork Products Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Cork Products Market Revenues & Volume, By Natural Cork, 2021-2031F |
6.1.4 Saudi Arabia Cork Products Market Revenues & Volume, By Colorful Cork, 2021-2031F |
6.2 Saudi Arabia Cork Products Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Cork Products Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Saudi Arabia Cork Products Market Revenues & Volume, By Residential, 2021-2031F |
6.2.4 Saudi Arabia Cork Products Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Saudi Arabia Cork Products Market Revenues & Volume, By Consumer Goods, 2021-2031F |
7 Saudi Arabia Cork Products Market Import-Export Trade Statistics |
7.1 Saudi Arabia Cork Products Market Export to Major Countries |
7.2 Saudi Arabia Cork Products Market Imports from Major Countries |
8 Saudi Arabia Cork Products Market Key Performance Indicators |
8.1 Percentage increase in the number of companies using cork products in their manufacturing processes |
8.2 Growth in the number of cork product distributors and retailers in Saudi Arabia |
8.3 Expansion of cork product applications in different industries in the country |
9 Saudi Arabia Cork Products Market - Opportunity Assessment |
9.1 Saudi Arabia Cork Products Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Cork Products Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia Cork Products Market - Competitive Landscape |
10.1 Saudi Arabia Cork Products Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Cork Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |