Waste Cork Market
Waste cork market: find the most recent information featured by an Ai-driven business intelligence tool. Statistics include imports, market size, exports, consumption, companies, production, trade, and market prices. Here is a breakdown by country, including Latin America, the U.S., Africa, China, the U.K., Russia, EU, and the Middle East. Market insights and outlook to 2030 are also featured in the reports.
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Waste Cork - World's Largest Markets
Rating | Country |
---|---|
1 | India |
2 | United Kingdom |
3 | United States |
4 | China |
5 | France |
In value terms, India, the UK and the United States were the countries with the highest levels of market value in 2020, together accounting for 30% of the global market. These countries were followed by China, France, Germany, Japan, Turkey, Indonesia, Iran, Russia, Portugal and Canada, which together accounted for a further 33%.
In terms of the main consuming countries, Iran recorded the highest growth rate of market size, over the period under review, while waste cork market for the other global leaders experienced more modest paces of growth.
Waste Cork Prices
Lowest Prices - FOB - Top Exporters
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
USD per ton | ||||
Tunisia | 759 | 787 | 1273 | 29.5% |
Algeria | 1162 | 1299 | 1295 | 5.6% |
Italy | 1384 | 1272 | 1337 | -1.7% |
Morocco | 1155 | 1341 | 1409 | 10.4% |
Spain | 1245 | 1978 | 1943 | 24.9% |
Portugal | 1781 | 1704 | 1944 | 4.5% |
Average | 1492 | 1771 | 1870 | 11.9% |
Prices varied noticeably by the country of origin; the country with the highest price was Portugal ($1,944 per ton), while Tunisia ($1,273 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Tunisia, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
USD per ton | ||||
France | 3371 | 4400 | 3968 | 8.5% |
Germany | 2931 | 2831 | 2980 | 0.8% |
Italy | 1756 | 1582 | 2128 | 10.1% |
Spain | 1799 | 1585 | 1871 | 2.0% |
India | 1449 | 1441 | 1648 | 6.6% |
Portugal | 1214 | 1311 | 1303 | 3.6% |
United States | 1196 | 1299 | 1060 | -5.9% |
Average | 1578 | 1675 | 1832 | 7.7% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($3,968 per ton), while the United States ($1,060 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.
Waste Cork - Top Importers
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
million USD | ||||
Spain | 34 | 69 | 45 | 15.8% |
Portugal | 57 | 51 | 37 | -19.7% |
France | 18 | 23 | 21 | 6.6% |
Germany | 6.2 | 8.2 | 6.5 | 2.4% |
United States | 4.5 | 4 | 4.1 | -4.7% |
In value terms, Spain ($45M), Portugal ($37M) and France ($21M) appeared to be the countries with the highest levels of imports in 2020, with a combined 75% share of global imports. These countries were followed by Germany, the United States, Italy and India, which together accounted for a further 13%.
In terms of the main importing countries, Italy recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Waste Cork - Top Exporters
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
million USD | ||||
Portugal | 100 | 85 | 72 | -15.2% |
Spain | 58 | 73 | 65 | 6.1% |
Morocco | 7.7 | 9.9 | 5.8 | -13.5% |
Algeria | 5.1 | 6.4 | 5.2 | 0.8% |
Tunisia | 1.8 | 2.5 | 4.1 | 49.6% |
In value terms, the largest waste cork supplying countries worldwide were Portugal ($72M), Spain ($65M) and Morocco ($5.8M), together accounting for 90% of global exports. Algeria, Tunisia and Italy lagged somewhat behind, together accounting for a further 7.1%.
Among the main exporting countries, Tunisia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Waste Cork - Market Forecast
Driven by increasing demand for waste cork worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Waste Cork - Product Coverage
- HS 450190 - Cork; waste cork, crushed, granulated or ground cork
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