Report Update Nov 1, 2024

U.S. - Waste Cork, Crushed, Granulated or Ground Cork - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Waste Cork Market 2024

Waste Cork Market Size in the U.S.

In 2021, the U.S. waste cork market decreased by -0.9% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, enjoyed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2020, and then fell modestly in the following year.

Waste Cork Production in the U.S.

In value terms, waste cork production rose to $X in 2021. Over the period under review, production, however, enjoyed buoyant growth. The growth pace was the most rapid in 2019 with an increase of 54% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Waste Cork Exports

Exports from the U.S.

In 2021, overseas shipments of waste cork, crushed, granulated or ground cork decreased by -41.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 265% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, waste cork exports surged to $X in 2021. In general, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 68%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for waste cork exports from the United States, accounting for a 59% share of total exports. Moreover, waste cork exports to Mexico exceeded the volume sent to the second major destination, Costa Rica (X tons), fourfold. The third position in this ranking was held by Portugal (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to +75.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+16.7% per year) and Portugal (+11.1% per year).

In value terms, Mexico ($X) emerged as the key foreign market for waste cork, crushed, granulated or ground cork exports from the United States, comprising 44% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 19% share of total exports. It was followed by Brazil, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico totaled +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+14.3% per year) and Brazil (-1.5% per year).

Export Prices by Country

In 2021, the average waste cork export price amounted to $X per ton, surging by 115% against the previous year. Over the period under review, the export price recorded a strong expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 332%. As a result, the export price attained the peak level of $X per ton. From 2015 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 Brazil ($X per ton), while the average price for exports to Portugal ($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 China (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Waste Cork Imports

Imports into the U.S.

Waste cork imports into the United States totaled X tons in 2021, increasing by 7.4% compared with the year before. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 160%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, waste cork imports fell slightly to $X in 2021. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 81%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) was the main supplier of waste cork to the United States, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal amounted to +21.0%.

In value terms, Portugal ($X) constituted the largest supplier of waste cork, crushed, granulated or ground cork to the United States.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal stood at +12.3%.

Import Prices by Country

In 2021, the average waste cork import price amounted to $X per ton, dropping by -11.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 20%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Portugal.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +28.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest waste cork consuming country worldwide, 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. The third position in this ranking was occupied by India, 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 the U.S.?

In value terms, Portugal constituted the largest supplier of waste cork to the United States, comprising 96% of total imports. The second position in the ranking was occupied by Spain, with a 3.1% share of total imports.

What are the leading importers of waste cork, crushed, granulated or ground cork from the U.S.?

In value terms, Portugal, Cayman Islands and Colombia were the largest markets for waste cork exported from the United States worldwide, with a combined 47% share of total exports. These countries were followed by Brazil, Germany, the Netherlands, Australia and Canada, which together accounted for a further 31%.

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

In 2020, the average waste cork export price amounted to $1,205 per ton, falling by -68.1% against the previous year.

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

The average waste cork import price stood at $1,080 per ton in 2020, reducing by -16.9% against the previous year.

This report provides an in-depth analysis of the waste cork market in the U.S.. 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:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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