Germany: Cork Article Market 2024

Cork Article Market Size in Germany

The German cork article market shrank markedly to $X in 2022, declining by X% against the previous year. Overall, consumption showed a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cork Article Production in Germany

In value terms, cork article production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a deep downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Cork article production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Cork Article Exports

Exports from Germany

In 2022, approx. X tons of cork articles were exported from Germany; waning by X% compared with 2021 figures. Over the period under review, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cork article exports declined to $X in 2022. In general, exports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), Austria (X tons) and France (X tons) were the main destinations of cork article exports from Germany, with a combined X% share of total exports. Russia, the Czech Republic, Poland, the Netherlands, Belgium, Luxembourg, Denmark, the UK, Italy and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), France ($X) and Austria ($X) constituted the largest markets for cork article exported from Germany worldwide, together comprising X% of total exports. Belgium, Russia, Poland, the Netherlands, the Czech Republic, Italy, Luxembourg, the UK, Denmark and Sweden lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cork article export price amounted to $X per ton, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into Germany

In 2022, the amount of cork articles imported into Germany contracted notably to X tons, falling by X% compared with the year before. Overall, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, cork article imports shrank to $X in 2022. In general, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2016 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, Portugal (X tons) constituted the largest supplier of cork article to Germany, with a X% share of total imports. Moreover, cork article imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by Austria (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Austria (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of cork articles to Germany, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average cork article import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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