EU: Natural Cork Market 2024

Natural Cork Market Size in the EU

The EU natural cork market declined to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Natural Cork Production in the EU

In value terms, natural cork production reduced to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Natural Cork Exports

Exports in the EU

Natural cork exports shrank to X tons in 2022, falling by X% against the year before. Overall, exports saw a slight curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, natural cork exports dropped modestly to $X in 2022. In general, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Spain prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. The following exporters - Poland (X tons), Portugal (X tons), France (X tons), Slovakia (X tons) and Italy (X tons) - together made up X% of total exports.

Exports from Spain decreased at an average annual rate of X% from 2012 to 2022. At the same time, Slovakia (X%), Poland (X%) and France (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) and Portugal (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total exports, while Portugal saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest natural cork supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Spain amounted to X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Portugal (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 Poland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

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

Natural Cork Imports

Imports in the EU

Natural cork imports expanded sharply to X tons in 2022, picking up by X% against 2021. Total imports indicated a mild expansion from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, natural cork imports rose markedly to $X in 2022. Overall, imports, however, showed a slight setback. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Slovakia (X tons) and Spain (X tons) were the largest importers of natural cork debacked or roughly squared in the European Union, together achieving X% of total imports. It was distantly followed by Portugal (X tons), creating a X% share of total imports. The following importers - Poland (X tons) and the Czech Republic (X tons) - each resulted at an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest natural cork importing markets in the European Union were Portugal ($X), Spain ($X) and Slovakia ($X), with a combined X% share of total imports. Poland and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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