EU: Waste Cork Market 2024

Waste Cork Market Size in the EU

The EU waste cork market expanded remarkably to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a perceptible downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Waste Cork Production in the EU

In value terms, waste cork production rose to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible setback. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Waste Cork Exports

Exports in the EU

In 2022, waste cork exports in the European Union contracted dramatically to X tons, shrinking by X% on 2021. Total exports indicated mild growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, waste cork exports fell to $X in 2022. Over the period under review, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Portugal (X tons) was the key exporter of waste cork, crushed, granulated or ground cork, making up X% of total exports. It was distantly followed by Spain (X tons), comprising a X% share of total exports. Italy (X tons) held a minor share of total exports.

Portugal 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. Spain experienced a relatively flat trend pattern. Italy (X%) illustrated a downward trend over the same period. While the share of Portugal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Italy (X p.p.) and Spain (X p.p.) displayed negative dynamics.

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

In Portugal, 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: Spain (X% per year) and Italy (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. In general, the export price saw buoyant growth. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Waste Cork Imports

Imports in the EU

In 2022, approx. X tons of waste cork, crushed, granulated or ground cork were imported in the European Union; increasing by X% on the previous year. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, waste cork imports skyrocketed to $X in 2022. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Portugal (X tons) and Spain (X tons) dominates imports structure, together comprising X% of total imports. It was distantly followed by France (X tons), generating a X% share of total imports. Germany (X tons), Italy (X tons) and Belgium (X tons) followed a long way behind the leaders.

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

In value terms, the largest waste cork importing markets in the European Union were Spain ($X), Portugal ($X) and France ($X), with a combined X% share of total imports. Germany, Italy and Belgium lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in the European Union stood at $X per ton in 2022, with a decrease of X% against the previous year. Import price indicated a strong increase 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. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

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 France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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