Europe: Cork Article Market 2025

Cork Article Market Size in Europe

The Europe cork article market fell significantly to $X in 2021, with a decrease of -35.6% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cork Article Production in Europe

In value terms, cork article production reduced markedly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 10%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Cork Article Exports

Exports in Europe

After two years of decline, shipments abroad of cork articles increased by 9.5% to X tons in 2021. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, cork article exports surged to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Portugal (X tons) was the largest exporter of cork articles, creating 75% of total exports. It was distantly followed by Spain (X tons), making up a 15% share of total exports. The following exporters - France (X tons) and Germany (X tons) - together made up 5.4% of total exports.

Portugal experienced a relatively flat trend pattern with regard to volume of exports of cork articles. At the same time, France (+7.6%) and Spain (+5.1%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in Europe, with a CAGR of +7.6% from 2012-2021. By contrast, Germany (-4.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Spain and France increased by +5 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Portugal ($X) remains the largest cork article supplier in Europe, comprising 70% of total exports. The second position in the ranking was held by Spain ($X), with a 15% share of total exports. It was followed by France, with a 6.6% share.

In Portugal, cork article exports expanded at an average annual rate of +2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Spain (+4.6% per year) and France (+6.0% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, picking up by 6.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2018 an increase of 12%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Germany (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Cork Article Imports

Imports in Europe

In 2021, after two years of decline, there was growth in purchases abroad of cork articles, when their volume increased by 4.1% to X tons. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 14%. 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 expanded notably to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of cork articles, namely Germany, France, Italy and Spain, represented more than half of total import. Russia (X tons) ranks next in terms of the total imports with a 5.4% share, followed by Portugal (4.8%). The following importers - Switzerland (X tons), Belgium (X tons), Denmark (X tons), the Netherlands (X tons), the UK (X tons), Austria (X tons) and Poland (X tons) - together made up 16% of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +27.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cork article importing markets in Europe were France ($X), Italy ($X) and Spain ($X), with a combined 62% share of total imports. Germany, Portugal, Russia, the UK, Switzerland, Belgium, Austria, Poland, the Netherlands and Denmark lagged somewhat behind, together comprising a further 30%.

Denmark, with a CAGR of +15.3%, saw the highest rates of growth with regard to the value of imports, in terms of 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 Europe amounted to $X per ton, picking up by 9.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 when the import price increased by 18%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Denmark ($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 (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform