Europe: Cork Article Market 2024

Cork Article Market Size in Europe

In 2023, the Europe cork article market increased by X% to $X, rising for the second year in a row after three years of decline. The total consumption indicated a notable increase 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, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Cork Article Production in Europe

In value terms, cork article production reached $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Cork Article Exports

Exports in Europe

In 2023, exports of cork articles in Europe reduced notably to X tons, which is down by X% on the year before. In general, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, cork article exports stood at $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2023.

Exports by Country

Portugal represented the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Spain (X tons), committing a X% share of total exports. France (X tons) held a minor share of total exports.

Exports from Portugal decreased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%) and France (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Spain increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Portugal, cork article exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Spain (X% per year) and France (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Cork Article Imports

Imports in Europe

Cork article imports fell dramatically to X tons in 2023, with a decrease of X% compared with the year before. Overall, imports showed a noticeable downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, cork article imports rose to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

France (X tons), Italy (X tons), Spain (X tons), Germany (X tons), Portugal (X tons), the UK (X tons) and Russia (X tons) represented roughly X% of total imports in 2023. The following importers - Belgium (X tons), Switzerland (X tons), Denmark (X tons) and the Netherlands (X tons) - together made up X% of total imports.

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

In value terms, the largest cork article importing markets in Europe were France ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports. The UK, Portugal, Germany, Russia, Switzerland, Belgium, the Netherlands and Denmark lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Denmark, 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 2023, the import price in Europe amounted to $X per ton, rising by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price 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, cork article import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Denmark ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform