Russian Federation: Waste Cork Market 2024

Waste Cork Market Size in the Russian Federation

In 2021, the Russian waste cork market decreased by -10.6% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.8% against 2016 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Waste Cork Production in the Russian Federation

In value terms, waste cork production totaled $X in 2021 estimated in export price. In general, production recorded a dramatic contraction. The pace of growth was the most pronounced in 2020 with a decrease of 99.9%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Waste Cork Exports

Exports from the Russian Federation

In 2021, after two years of growth, there was significant decline in overseas shipments of waste cork, crushed, granulated or ground cork, when their volume decreased by -10.6% to X tons. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 324% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, waste cork exports soared to $X in 2021. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 139%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) was the main destination for waste cork exports from Russia, with a 90% share of total exports. Moreover, waste cork exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X kg), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Belarus amounted to -18.1%.

In value terms, Belarus ($X) remains the key foreign market for waste cork, crushed, granulated or ground cork exports from Russia, comprising 72% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus totaled -19.8%.

Export Prices by Country

The average waste cork export price stood at $X per ton in 2021, increasing by 61% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 86% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+84.3%), while the prices for the other major destinations experienced mixed trend patterns.

Waste Cork Imports

Imports into the Russian Federation

After two years of growth, supplies from abroad of waste cork, crushed, granulated or ground cork decreased by -17.7% to X tons in 2021. In general, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, waste cork imports dropped to $X in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.4% against 2016 indices. The pace of growth was the most pronounced in 2020 when imports increased by 76%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2021, Portugal (X tons) was the main waste cork supplier to Russia, accounting for a 98% share of total imports. It was followed by Finland (X tons), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal totaled +5.5%.

In value terms, Portugal ($X) constituted the largest supplier of waste cork, crushed, granulated or ground cork to Russia, comprising 90% of total imports. The second position in the ranking was held by Finland ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Portugal totaled +8.2%.

Import Prices by Country

In 2021, the average waste cork import price amounted to $X per ton, picking up by 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Finland amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+38.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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