Japan: Waste Cork Market 2025

Waste Cork Market Size in Japan

The Japanese waste cork market reached $X in 2021, almost unchanged from the previous year. Over the period under review, consumption, however, showed a mild curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Waste Cork Production in Japan

In value terms, waste cork production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 25% against the previous year. Waste cork production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Waste Cork Exports

Exports from Japan

In 2021, the amount of waste cork, crushed, granulated or ground cork exported from Japan dropped significantly to X tons, shrinking by -29.1% on the previous year. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 124%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, waste cork exports dropped slightly to $X in 2021. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 26% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), Taiwan (Chinese) (X tons) and Pakistan (X tons) were the main destinations of waste cork exports from Japan, together accounting for 79% of total exports. These countries were followed by South Korea and Indonesia, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of -11.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for waste cork exported from Japan were Thailand ($X), Pakistan ($X) and Taiwan (Chinese) ($X), with a combined 79% share of total exports. These countries were followed by South Korea and Indonesia, which together accounted for a further 21%.

Indonesia, with a CAGR of -4.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average waste cork export price stood at $X per ton in 2021, growing by 37% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 68% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Waste Cork Imports

Imports into Japan

In 2021, supplies from abroad of waste cork, crushed, granulated or ground cork decreased by -20.9% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 55% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, waste cork imports shrank to $X in 2021. Overall, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) constituted the largest waste cork supplier to Japan, with a 87% share of total imports. Moreover, waste cork imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Portugal stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.0% per year) and India (0.0% per year).

In value terms, Portugal ($X) constituted the largest supplier of waste cork, crushed, granulated or ground cork to Japan, comprising 89% of total imports. The second position in the ranking was held by China ($X), with a 9.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.4% per year) and India (0.0% per year).

Import Prices by Country

In 2021, the average waste cork import price amounted to $X per ton, increasing by 21% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.3% 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 increased by +116.2% against 2016 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 21% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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