Switzerland: Waste Cork Market 2024

Waste Cork Market Size in Switzerland

For the fourth year in a row, the Swiss waste cork market recorded growth in sales value, which increased by 19% to $X in 2021. Overall, consumption posted resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Waste Cork Exports

Exports from Switzerland

In 2021, waste cork exports from Switzerland skyrocketed to X kg, increasing by 112% against the previous year's figure. Over the period under review, exports, however, faced a dramatic curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 173% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, waste cork exports soared to $X in 2021. In general, exports, however, continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2016 when exports increased by 172%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Senegal (X kg) was the main destination for waste cork exports from Switzerland, accounting for a 93% share of total exports. It was followed by Slovenia (X kg), with a 1.8% share of total exports. The third position in this ranking was taken by Austria (X kg), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to Senegal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-21.7% per year) and Austria (-44.7% per year).

In value terms, Senegal ($X) emerged as the key foreign market for waste cork, crushed, granulated or ground cork exports from Switzerland, comprising 89% of total exports. The second position in the ranking was held by Germany ($X), with a 4.9% share of total exports. It was followed by Slovenia, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value to Senegal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-35.5% per year) and Slovenia (-22.6% per year).

Export Prices by Country

The average waste cork export price stood at $X per ton in 2021, with a decrease of -42.5% against the previous year. In general, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 254% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+21.3%), while the prices for the other major destinations experienced a decline.

Waste Cork Imports

Imports into Switzerland

In 2021, imports of waste cork, crushed, granulated or ground cork into Switzerland soared to X tons, increasing by 34% against 2020. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 77%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, waste cork imports totaled $X in 2021. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 60% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Portugal (X tons) constituted the largest waste cork supplier to Switzerland, with a 41% share of total imports. Moreover, waste cork imports from Portugal exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.6% per year) and Germany (-19.8% per year).

In value terms, Portugal ($X) constituted the largest supplier of waste cork, crushed, granulated or ground cork to Switzerland, comprising 43% of total imports. The second position in the ranking was held by Italy ($X), with a 2.3% share of total imports. It was followed by Germany, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value from Portugal totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.5% per year) and Germany (-19.3% per year).

Import Prices by Country

The average waste cork import price stood at $X per ton in 2021, which is down by -14.6% against the previous year. Overall, the import price showed a slight downturn. The growth pace was the most rapid in 2014 an increase of 14% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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