Latin America and the Caribbean: Waste Cork Market 2024

Waste Cork Market Size in Latin America and the Caribbean

The Latin American waste cork market reduced slightly to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Waste Cork Production in Latin America and the Caribbean

In value terms, waste cork production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Waste Cork Exports

Exports in Latin America and the Caribbean

Waste cork exports skyrocketed to X tons in 2022, growing by X% compared with the year before. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, waste cork exports dropped significantly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Mexico (X tons), together amounting to X% of total export.

Mexico 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. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest waste cork supplier in Latin America and the Caribbean.

In Mexico, waste cork exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 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 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Waste Cork Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of waste cork, crushed, granulated or ground cork were imported in Latin America and the Caribbean; waning by X% against the previous year. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, waste cork imports contracted to $X in 2022. Overall, imports recorded a slight downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Brazil represented the main importer of waste cork, crushed, granulated or ground cork in Latin America and the Caribbean, with the volume of imports recording X tons, which was near X% of total imports in 2022. Argentina (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Venezuela (X%) and Chile (X%). Mexico (X tons), Uruguay (X tons) and Guatemala (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to waste cork imports into Brazil stood at X%. At the same time, Guatemala (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Venezuela experienced a relatively flat trend pattern. By contrast, Argentina (X%), Chile (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Venezuela, Uruguay, Argentina and Guatemala increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported waste cork, crushed, granulated or ground cork in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, waste cork imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Import price indicated a resilient 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. Based on 2022 figures, waste cork import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then declined slightly in the following year.

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

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

Source: IndexBox Platform

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