Report Update Nov 1, 2024

Hungary - Waste Cork, Crushed, Granulated or Ground Cork - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Waste Cork Market 2024

Waste Cork Market Size in Hungary

The Hungarian waste cork market reached $X in 2021, increasing by 3.6% against the previous year. Overall, consumption continues to indicate a pronounced slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Waste Cork Production in Hungary

In value terms, waste cork production expanded remarkably to $X in 2021 estimated in export price. Overall, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of 37%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Waste Cork Exports

Exports from Hungary

In 2020, exports of waste cork, crushed, granulated or ground cork from Hungary reduced rapidly to X kg, shrinking by -71.5% against 2019 figures. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 174%. The exports peaked at X kg in 2016; however, from 2017 to 2020, the exports stood at a somewhat lower figure.

In value terms, waste cork exports declined sharply to $X in 2020. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 165% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to No country was relatively modest.

Export Prices by Country

In 2020, the average waste cork export price amounted to $X per ton, waning by -25.9% against the previous year. In general, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2020, the average export prices remained at a lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for France amounted to +10.9% per year.

Waste Cork Imports

Imports into Hungary

In 2021, purchases abroad of waste cork, crushed, granulated or ground cork decreased by -56.3% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports saw a pronounced descent. The pace of growth was the most pronounced in 2020 with an increase of 137%. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, waste cork imports reduced markedly to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 97%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2021, Portugal (X tons) constituted the largest waste cork supplier to Hungary, with a 58% share of total imports. Moreover, waste cork imports from Portugal exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Austria (X kg), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal amounted to +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+67.2% per year) and Austria (-16.6% per year).

In value terms, the largest waste cork suppliers to Hungary were Portugal ($X), France ($X) and the United States ($X), with a combined 84% share of total imports. These countries were followed by Austria and the Czech Republic, which together accounted for a further 14%.

The Czech Republic, with a CAGR of +98.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average waste cork import price amounted to $X per ton, picking up by 17% against the previous year. In general, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, waste cork import price decreased by -16.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 23%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for waste cork, crushed, granulated or ground cork in the world?

China constituted the country with the largest volume of waste cork consumption, accounting for 20% of total volume. Moreover, waste cork consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.1% share.

What are the largest producers of waste cork, crushed, granulated or ground cork in the world?

China remains the largest waste cork producing country worldwide, accounting for 20% of total volume. Moreover, waste cork production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8% share.

What are the leading suppliers of waste cork, crushed, granulated or ground cork to Hungary?

In value terms, Portugal constituted the largest supplier of waste cork to Hungary, comprising 69% of total imports. The second position in the ranking was occupied by France, with a 14% share of total imports. It was followed by China, with a 9.1% share.

What are the leading importers of waste cork, crushed, granulated or ground cork from Hungary?

In value terms, Germany $296) remains the key foreign market for waste cork exports from Hungary.

What is the average export price for waste cork, crushed, granulated or ground cork in Hungary?

The average waste cork export price stood at $8,049 per ton in 2020, surging by 46% against the previous year.

What is the average import price for waste cork, crushed, granulated or ground cork in Hungary?

In 2020, the average waste cork import price amounted to $2,108 per ton, with a decrease of -41.7% against the previous year.

This report provides an in-depth analysis of the waste cork market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16292130 - Waste cork, crushed, granulated or ground cork (excluding natural cork raw or simply prepared)

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023