Europe: Natural Cork Market 2024

Natural Cork Market Size in Europe

The Europe natural cork market contracted slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Natural Cork Production in Europe

In value terms, natural cork production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Natural Cork Exports

Exports in Europe

In 2022, exports of natural cork debacked or roughly squared in Europe contracted to X tons, waning by X% on 2021 figures. In general, exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, natural cork exports reached $X in 2022. Over the period under review, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. Poland (X tons), Portugal (X tons), France (X tons), Slovakia (X tons) and Italy (X tons) took a little share of total exports.

Exports from Spain decreased at an average annual rate of X% from 2012 to 2022. At the same time, Slovakia (X%), Poland (X%) and France (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) and Portugal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Slovakia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest natural cork supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Spain totaled X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Portugal (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Natural Cork Imports

Imports in Europe

In 2022, the amount of natural cork debacked or roughly squared imported in Europe rose notably to X tons, growing by X% compared with the previous year. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, natural cork imports stood at $X in 2022. Overall, imports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Slovakia (X tons) and Spain (X tons) were the major importers of natural cork debacked or roughly squared in 2022, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Portugal (X tons), mixing up a X% share of total imports. The following importers - Poland (X tons) and the Czech Republic (X tons) - each recorded an X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Spain ($X) and Slovakia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Poland and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Poland, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Portugal ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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