Cork exports hit new record
Portuguese exports of cork have hit a new record in revenues in the first half of 2023 with a total of €670,435 million being exported (+3.2%) like-for-like according to the Portuguese Association of Cork. (APCOR)
According to data to June, exports increased 3.2% in value compared to the same period the year before. This growth is even more significant when taking into account that the quantities exported fell by around 15%, which showed that the growth resulted from the value added of the goods exported.
“The sector has managed at a difficult time in terms of demand, to grow in value thanks to a combination of factors such as a mix of products of greater value added but also because of the work the sector has done around increasing the technical performance of its products and the international marketing of cork”, says João Rui Ferreira, the secretary general of APCOR.
Adapting to global trends and market needs have also been crucial factors for the success and resilience of the sector which, faced with a difficult set of international economic circumstances such as falling demand and increased prices, has succeeded in maintaining a growth in economic performance.