Algeria: Waste Cork Market 2024

Waste Cork Market Size in Algeria

The Algerian waste cork market totaled $X in 2021, approximately equating the previous year. Overall, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.1% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Waste Cork Production in Algeria

In value terms, waste cork production rose notably to $X in 2021 estimated in export price. In general, production showed a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 50%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Waste Cork Exports

Exports from Algeria

In 2021, approx. X tons of waste cork, crushed, granulated or ground cork were exported from Algeria; increasing by 26% on the year before. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 141%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, waste cork exports skyrocketed to $X in 2021. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 150%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

China (X tons), Portugal (X tons) and India (X tons) were the main destinations of waste cork exports from Algeria, with a combined 68% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +36.0%), while the other leaders experienced mixed trend patterns.

In value terms, Portugal ($X), China ($X) and India ($X) were the largest markets for waste cork exported from Algeria worldwide, with a combined 64% share of total exports.

China, with a CAGR of +42.8%, recorded the highest growth rate of the value of exports, among 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

The average waste cork export price stood at $X per ton in 2021, surging by 10% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 62% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Waste Cork Imports

Imports into Algeria

In 2021, purchases abroad of waste cork, crushed, granulated or ground cork decreased by -97.1% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 966% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, waste cork imports fell sharply to $X in 2021. In general, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,044%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X kg) constituted the largest supplier of waste cork to Algeria, accounting for a 71% share of total imports. Moreover, waste cork imports from Germany exceeded the figures recorded by the second-largest supplier, Portugal (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-0.5% per year) and Turkey (+9.3% per year).

In value terms, Germany ($X) constituted the largest supplier of waste cork, crushed, granulated or ground cork to Algeria, comprising 75% of total imports. The second position in the ranking was held by Turkey ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.2% per year) and Portugal (-14.2% per year).

Import Prices by Country

In 2021, the average waste cork import price amounted to $X per ton, surging by 74% against the previous year. In general, the import price, however, recorded a abrupt setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :