Croatia: Cork Article Market 2025

Cork Article Market Size in Croatia

In 2021, the Croatian cork article market increased by 44% to $X, rising for the second year in a row after three years of decline. Overall, consumption saw a modest expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Cork Article Exports

Exports from Croatia

In 2021, approx. X tons of cork articles were exported from Croatia; which is down by -62% against the previous year's figure. Over the period under review, exports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 107%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, cork article exports contracted remarkably to $X in 2021. Overall, exports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2014 when exports increased by 147%. The exports peaked at $X in 2020, and then declined significantly in the following year.

Exports by Country

Serbia (X tons) was the main destination for cork article exports from Croatia, with a 45% share of total exports. Moreover, cork article exports to Serbia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), threefold. Montenegro (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia stood at -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-7.3% per year) and Montenegro (+29.7% per year).

In value terms, Italy ($X), Serbia ($X) and Slovenia ($X) constituted the largest markets for cork article exported from Croatia worldwide, with a combined 47% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +63.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cork article export price amounted to $X per ton, surging by 9.7% against the previous year. Overall, the export price recorded noticeable growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 143% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Serbia ($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 Belgium (+46.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cork Article Imports

Imports into Croatia

In 2021, approx. X tons of cork articles were imported into Croatia; picking up by 12% compared with 2020 figures. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 71% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cork article imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), Slovenia (X tons) and Spain (X tons) were the main suppliers of cork article imports to Croatia, with a combined 52% share of total imports. These countries were followed by Poland, Germany, Portugal, Italy and China, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of cork articles to Croatia, comprising 45% of total imports. The second position in the ranking was taken by Spain ($X), with a 17% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Austria amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.9% per year) and Germany (-2.1% per year).

Import Prices by Country

The average cork article import price stood at $X per ton in 2021, jumping by 28% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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