Cork: waste cork, crushed, granulated or ground cork

In 2024, cork: waste cork, crushed, granulated or ground cork trade exhibited significant decline, with global flows reaching $204,749,443 and a three-year compound annual growth rate of +4.2% (five-year: +2.1%). The all-time peak of $222,051,210 was recorded in 2023; the current level is 8% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-4.2% acceleration).

The World Trade Flows Characterization classifies cork: waste cork, crushed, granulated or ground cork as "Two-way vertical trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.423). The three largest exporters — Portugal ($123.7M), Spain ($48.7M), and Morocco ($10.1M) — collectively dominate supply flows. The leading exporter has grown at +11.8% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.209). The three largest import markets are Spain ($77.2M), Portugal ($40.1M), and France ($27.1M). The largest importing market sources from 18 different supplying countries.

The dominant trade corridor is Portugal → Spain at $66.8M, representing 86.5% of the importer's total demand.

The volatility score for cork: waste cork, crushed, granulated or ground cork is 5 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.