EU: Waste Cork Market 2025

Waste Cork Market Size in the EU

The EU waste cork market stood at $X in 2021, approximately mirroring the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Waste Cork Production in the EU

In value terms, waste cork production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Waste Cork Exports

Exports in the EU

In 2021, overseas shipments of waste cork, crushed, granulated or ground cork were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 37% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, waste cork exports surged to $X in 2021. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 53%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) and Portugal (X tons) prevails in exports structure, together constituting 96% of total exports. Italy (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +8.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Portugal ($X), Spain ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Spain, with a CAGR of +12.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, waning by -6.9% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 32% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while Spain ($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 (+6.9%), while the other leaders experienced more modest paces of growth.

Waste Cork Imports

Imports in the EU

In 2021, approx. X tons of waste cork, crushed, granulated or ground cork were imported in the European Union; with an increase of 17% against the previous year's figure. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 33%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, waste cork imports skyrocketed to $X in 2021. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 79%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons) and Spain (X tons) prevails in imports structure, together making up 82% of total imports. France (X tons) took the next position in the ranking, followed by Germany (X tons). All these countries together took approx. 12% share of total imports. Italy (X tons) and Belgium (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +36.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Portugal ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 85% of total imports. These countries were followed by Germany, Italy and Belgium, which together accounted for a further 14%.

Belgium, with a CAGR of +31.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 5.5% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, waste cork import price increased by +80.4% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by 35% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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