Portugal: Waste Cork Market 2024

Waste Cork Market Size in Portugal

The Portuguese waste cork market was finally on the rise to reach $X in 2022, after two years of decline. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value 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. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Waste Cork Production in Portugal

In value terms, waste cork production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Waste cork production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Waste Cork Exports

Exports from Portugal

In 2022, shipments abroad of waste cork, crushed, granulated or ground cork increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total exports indicated a pronounced increase 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 growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, waste cork exports rose rapidly to $X in 2022. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Spain (X tons) was the main destination for waste cork exports from Portugal, accounting for a X% share of total exports. Moreover, waste cork exports to Spain exceeded the volume sent to the second major destination, Germany (X tons), ninefold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X) remains the key foreign market for waste cork, crushed, granulated or ground cork exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The average waste cork export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, export price indicated a remarkable 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 export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Waste Cork Imports

Imports into Portugal

In 2022, purchases abroad of waste cork, crushed, granulated or ground cork increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total imports 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, waste cork imports soared to $X in 2022. Over the period under review, imports showed a temperate increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of waste cork to Portugal, with a X% share of total imports. Moreover, waste cork imports from Spain exceeded the figures recorded by the second-largest supplier, Morocco (X tons), ninefold. The third position in this ranking was held by Tunisia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Tunisia (X% per year).

In value terms, Spain ($X) constituted the largest supplier of waste cork, crushed, granulated or ground cork to Portugal, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with an X% share of total imports. It was followed by Algeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2022, the average waste cork import price amounted to $X per ton, which is down by X% against the previous year. In general, import price indicated a perceptible expansion 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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