Eastern Europe: Waste Cork Market 2024

Waste Cork Market Size in Eastern Europe

The East European waste cork market fell to $X in 2022, flattening at the previous year. Overall, consumption continues to indicate a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Waste Cork Production in Eastern Europe

In value terms, waste cork production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Waste Cork Exports

Exports in Eastern Europe

In 2022, shipments abroad of waste cork, crushed, granulated or ground cork decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, waste cork exports dropped markedly to $X in 2022. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell sharply in the following year.

Exports by Country

Romania dominates exports structure, recording X tons, which was near X% of total exports in 2022. Estonia (X tons) ranks second in terms of the total exports with a X% share, followed by Slovakia (X%). The Czech Republic (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Romania was also the fastest-growing in terms of the waste cork, crushed, granulated or ground cork exports, with a CAGR of X% from 2012 to 2022. At the same time, the Czech Republic (X%) and Lithuania (X%) displayed positive paces of growth. Estonia experienced a relatively flat trend pattern. By contrast, Slovakia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Romania, Estonia, Slovakia, the Czech Republic and Lithuania increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X) remains the largest waste cork supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Estonia ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

In Romania, waste cork exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Estonia (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced a decline in the export price figures.

Waste Cork Imports

Imports in Eastern Europe

In 2022, waste cork imports in Eastern Europe declined notably to X tons, waning by X% compared with 2021 figures. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, waste cork imports shrank notably to $X in 2022. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the key importer of waste cork, crushed, granulated or ground cork in Eastern Europe, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. The Czech Republic (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%). The following importers - Ukraine (X tons), Slovakia (X tons), Bulgaria (X tons) and Belarus (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to waste cork imports into Russia stood at X%. At the same time, Slovakia (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%), the Czech Republic (X%), Ukraine (X%), Belarus (X%) and Bulgaria (X%) illustrated a downward trend over the same period. Russia (X p.p.), the Czech Republic (X p.p.), Hungary (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total imports, while Ukraine and Bulgaria saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported waste cork, crushed, granulated or ground cork in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Hungary (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waste cork import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :