Greece: Natural Cork Market 2025

Natural Cork Market Size in Greece

The Greek natural cork market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a perceptible reduction. Natural cork consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Natural Cork Exports

Exports from Greece

In 2021, approx. X kg of natural cork debacked or roughly squared were exported from Greece; falling by -13.8% compared with the previous year's figure. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 59%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural cork exports expanded notably to $X in 2021. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 63%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Bulgaria (X kg) was the main destination for natural cork exports from Greece, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria amounted to -8.4%.

In value terms, Bulgaria ($X) also remains the key foreign market for natural cork debacked or roughly squared exports from Greece.

From 2012 to 2021, the average annual growth rate of value to Bulgaria stood at -11.3%.

Export Prices by Country

In 2021, the average natural cork export price amounted to $X per ton, picking up by 22% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 an increase of 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bulgaria.

From 2012 to 2021, the rate of growth in terms of prices for Bulgaria amounted to -3.2% per year.

Natural Cork Imports

Imports into Greece

In 2021, supplies from abroad of natural cork debacked or roughly squared was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, natural cork imports totaled $X in 2021. In general, imports, however, saw a mild decline. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of natural cork to Greece, with a 88% share of total imports. Moreover, natural cork imports from Portugal exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), more than tenfold. The UK (X kg) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+62.8% per year) and the UK (+63.0% per year).

In value terms, Portugal ($X) constituted the largest supplier of natural cork debacked or roughly squared to Greece, comprising 91% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 4.4% share of total imports. It was followed by the UK, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+68.8% per year) and the UK (+50.5% per year).

Import Prices by Country

The average natural cork import price stood at $X per ton in 2021, which is down by -13.8% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, natural cork import price decreased by -27.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 68% against the previous year. Over the period under review, average import prices hit record highs 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 Portugal ($X per ton), while the price for China ($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 (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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