France: Waste Cork Market 2024

Waste Cork Market Size in France

The French waste cork market expanded modestly to $X in 2021, growing by 3.9% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Waste Cork Production in France

In value terms, waste cork production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 140%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Waste Cork Exports

Exports from France

After two years of decline, overseas shipments of waste cork, crushed, granulated or ground cork increased by 1,814% to X tons in 2021. In general, exports recorded a significant increase. The growth pace was the most rapid in 2016 when exports increased by 3,645%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, waste cork exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 2,359%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Portugal (X tons) and Turkey (X tons) were the main destinations of waste cork exports from France, with a combined 97% 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 Turkey (with a CAGR of +123.7%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for waste cork, crushed, granulated or ground cork exports from France, comprising 66% of total exports. The second position in the ranking was held by Portugal ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+38.4% per year) and Turkey (+92.2% per year).

Export Prices by Country

The average waste cork export price stood at $X per ton in 2021, surging by 4.6% against the previous year. Over the period under review, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 80%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Portugal ($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 (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Waste Cork Imports

Imports into France

For the tenth year in a row, France recorded growth in overseas purchases of waste cork, crushed, granulated or ground cork, which increased by 3.4% to X tons in 2021. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, waste cork imports rose remarkably to $X in 2021. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 52% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Spain (X tons) was the main supplier of waste cork to France, accounting for a 91% share of total imports. Moreover, waste cork imports from Spain exceeded the figures recorded by the second-largest supplier, Portugal (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +13.0%.

In value terms, Spain ($X) constituted the largest supplier of waste cork, crushed, granulated or ground cork to France, comprising 94% of total imports. The second position in the ranking was held by Portugal ($X), with a 5.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +15.1%.

Import Prices by Country

The average waste cork import price stood at $X per ton in 2021, rising by 9.7% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.4% 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 decreased by -1.4% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 33% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.8%).

Source: IndexBox Platform

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