Spain - Waste Cork, Crushed, Granulated Or Ground Cork - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpain's 2023 Waste Cork Imports Skyrocket 27%, Hitting a Record $97M
Spain Waste Cork Imports
In 2023, approx. 42K tons of waste cork, crushed, granulated or ground cork were imported into Spain; with an increase of 14% on 2022. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 137% against the previous year. As a result, imports attained the peak of 44K tons. From 2020 to 2023, the growth of imports failed to regain momentum.
In value terms, waste cork imports soared to $97M (IndexBox estimates) in 2023. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 115%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the immediate term.
| COUNTRY | Import Value of Waste Cork in Spain (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Portugal | 9.3 | 10.1 | 10.1 | 11.6 | 13.7 | 30.0 | 60.3 | 37.3 | 43.6 | 60.7 | 78.7 |
| Italy | 0.1 | 0.6 | 0.6 | 0.2 | 0.1 | 0.2 | 1.9 | 5.0 | 5.2 | 5.0 | 8.5 |
| Morocco | 1.3 | 1.3 | 1.1 | 1.4 | 1.2 | 2.0 | 3.7 | 1.6 | 2.6 | 6.2 | 7.5 |
| France | 0.3 | 0.4 | 0.4 | 0.3 | 0.6 | 0.7 | 2.6 | 0.9 | 3.6 | 4.2 | 1.1 |
| Others | 0.3 | 0.7 | 0.3 | 0.5 | 0.1 | 0.7 | 0.5 | 0.1 | 0.1 | 0.1 | 1.0 |
| Total | 11.3 | 13.1 | 12.4 | 14.0 | 15.7 | 33.6 | 69.0 | 44.9 | 55.0 | 76.2 | 96.8 |
Imports by Country
In 2023, Portugal (32K tons) constituted the largest waste cork supplier to Spain, accounting for a 77% share of total imports. Moreover, waste cork imports from Portugal exceeded the figures recorded by the second-largest supplier, Italy (5.4K tons), sixfold. Morocco (3.3K tons) ranked third in terms of total imports with a 7.8% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from Portugal amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+60.8% per year) and Morocco (+8.3% per year).
In value terms, Portugal ($79M) constituted the largest supplier of waste cork, crushed, granulated or ground cork to Spain, comprising 81% of total imports. The second position in the ranking was held by Italy ($8.5M), with an 8.7% share of total imports. It was followed by Morocco, with a 7.8% share.
From 2013 to 2023, the average annual growth rate of value from Portugal amounted to +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+66.3% per year) and Morocco (+19.1% per year).
Import Prices by Country
In 2023, the waste cork price stood at $2,300 per ton (CIF, Spain), growing by 12% against the previous year. Overall, import price indicated a remarkable increase from 2013 to 2023: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, waste cork import price increased by +108.0% against 2015 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 42%. The import price peaked in 2023 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Portugal ($2,427 per ton), while the price for Italy ($1,580 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the waste cork market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 16292130 - Waste cork, crushed, granulated or ground cork (excluding natural cork raw or simply prepared)
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
