Israel: Waste Cork Market 2025

Waste Cork Market Size in Israel

In 2021, after two years of growth, there was significant decline in the Israeli waste cork market, when its value decreased by -8.7% to $X. In general, consumption, however, recorded a noticeable increase. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Waste Cork Production in Israel

In value terms, waste cork production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a measured expansion. The growth pace was the most rapid in 2016 with an increase of 92%. Waste cork production peaked at $X in 2020, and then declined in the following year.

Waste Cork Exports

Exports from Israel

In 2021, after three years of decline, there was significant growth in overseas shipments of waste cork, crushed, granulated or ground cork, when their volume increased by 166% to X tons. Overall, exports continue to indicate a significant increase. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, waste cork exports soared to $X in 2021. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for waste cork exports from Israel, with a 67% share of total exports. Moreover, waste cork exports to Portugal exceeded the volume sent to the second major destination, Palestine (X tons), fourfold.

From 2014 to 2021, the average annual rate of growth in terms of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+40.4% per year) and the United States (+45.6% per year).

In value terms, Portugal ($X) emerged as the key foreign market for waste cork, crushed, granulated or ground cork exports from Israel, comprising 72% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports.

From 2014 to 2021, the average annual growth rate of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+56.0% per year) and Palestine (+39.4% per year).

Export Prices by Country

The average waste cork export price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 45%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Palestine ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.2%).

Waste Cork Imports

Imports into Israel

In 2021, overseas purchases of waste cork, crushed, granulated or ground cork increased by 141% to X tons, rising for the fourth year in a row after three years of decline. Overall, imports showed a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 314% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, waste cork imports soared to $X in 2021. In general, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by 538%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Portugal (X tons) and the United States (X kg) were the main suppliers of waste cork imports to Israel, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +21.2%), while imports for the other leaders experienced a decline.

In value terms, the largest waste cork suppliers to Israel were France ($X), Portugal ($X) and the United States ($X), with a combined 69% share of total imports.

Among the main suppliers, France, with a CAGR of +30.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average waste cork import price stood at $X per ton in 2021, increasing by 1.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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 Spain ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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