Austria: Waste Cork Market 2024

Waste Cork Market Size in Austria

In 2021, the Austrian waste cork market decreased by -8.4% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. Waste cork consumption peaked at $X in 2020, and then shrank in the following year.

Waste Cork Production in Austria

In value terms, waste cork production reduced to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 76%. Waste cork production peaked at $X in 2020, and then dropped in the following year.

Waste Cork Exports

Exports from Austria

In 2021, approx. X tons of waste cork, crushed, granulated or ground cork were exported from Austria; shrinking by -32.6% against the previous year's figure. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 63% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, waste cork exports fell notably to $X in 2021. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 148%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Serbia (X tons) was the main destination for waste cork exports from Austria, with a 68% share of total exports. Moreover, waste cork exports to Serbia exceeded the volume sent to the second major destination, Hungary (X kg), threefold. Switzerland (X kg) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia totaled -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-24.9% per year) and Switzerland (+38.9% per year).

In value terms, Serbia ($X) remains the key foreign market for waste cork, crushed, granulated or ground cork exports from Austria, comprising 71% of total exports. The second position in the ranking was taken by Hungary ($X), with a 19% share of total exports. It was followed by Switzerland, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-19.9% per year) and Switzerland (+37.1% per year).

Export Prices by Country

In 2021, the average waste cork export price amounted to $X per ton, waning by -5.1% against the previous year. In general, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 52%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Waste Cork Imports

Imports into Austria

In 2021, the amount of waste cork, crushed, granulated or ground cork imported into Austria soared to X tons, jumping by 21% compared with the previous year's figure. In general, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 43% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, waste cork imports surged to $X in 2021. Over the period under review, imports, however, saw a slight contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 55% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Portugal (X tons), Spain (X tons) and France (X tons) were the main suppliers of waste cork imports to Austria, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +102.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest waste cork suppliers to Austria were Portugal ($X), Spain ($X) and France ($X), together accounting for 94% of total imports.

In terms of the main suppliers, France, with a CAGR of +108.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average waste cork import price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price saw a buoyant increase. The growth pace was the most rapid in 2017 an increase of 30%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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