Asia-Pacific: Waste Cork Market 2024

Waste Cork Market Size in Asia-Pacific

The Asia-Pacific waste cork market stood at $X in 2023, approximately equating the previous year. The total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Waste Cork Production in Asia-Pacific

In value terms, waste cork production rose slightly to $X in 2023 estimated in export price. The total production indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Waste Cork Exports

Exports in Asia-Pacific

In 2023, the amount of waste cork, crushed, granulated or ground cork exported in Asia-Pacific skyrocketed to X tons, increasing by X% compared with 2022 figures. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the immediate term.

In value terms, waste cork exports soared to $X in 2023. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Malaysia (X tons), constituting a X% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to waste cork exports from China stood at X%. At the same time, Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of China and Malaysia increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest waste cork supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price, however, enjoyed measured growth. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Waste Cork Imports

Imports in Asia-Pacific

In 2023, the amount of waste cork, crushed, granulated or ground cork imported in Asia-Pacific fell to X tons, declining by X% on 2022. Total imports indicated a slight increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, waste cork imports stood at $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

In 2023, India (X tons), China (X tons) and Japan (X tons) represented the key importer of waste cork, crushed, granulated or ground cork in Asia-Pacific, making up X% of total import. It was distantly followed by Vietnam (X tons), constituting a X% share of total imports. Malaysia (X tons), Cambodia (X tons), South Korea (X tons), Australia (X tons), Taiwan (Chinese) (X tons), Lao People's Democratic Republic (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. South Korea, Malaysia, Vietnam, the Philippines, Taiwan (Chinese), Australia, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, waste cork import price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform