In 2023, Portugal led the European market in the sold production of agglomerated cork products with a market value of €500.64 million, followed by Spain at €187.38 million and Italy at €154.74 million. While France, Finland, Denmark, Hungary, and Sweden trailed, each with significantly lower production values. The most robust year-on-year growth rates in 2023 were observed in Denmark, Finland, and France, at 12.41%, 7.94%, and 7.23%, respectively. Hungary and Sweden saw no growth, indicative of saturation or niche production levels.
Looking ahead, European production is expected to potentially advance with sustainable packaging initiatives and increased demand in eco-friendly materials. Portugal’s dominance may continue, but potential growth could be stronger in undervalued markets like Denmark and Finland, especially if economic incentives or regulatory shifts favor greener materials.
Top countries in Sold Production of Blocks, Plates, Sheets and Stripes, Tiles, Solid Cylinders, of Agglomerated Cork by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 500,640,000 | 2023 | +2.61% | +1.57% | View data |
| 2 | 2 Spain | 187,380,000 | 2023 | +2.8% | +3.1% | View data |
| 3 | 3 Italy | 154,740,000 | 2023 | +5.21% | +3.72% | View data |
| 4 | 4 France | 59,126,000 | 2023 | +12.07% | +7.23% | View data |
| 5 | 5 Finland | 360,470 | 2023 | +6.41% | +7.94% | View data |
| 6 | 6 Denmark | 10,600 | 2023 | +22.66% | +12.41% | View data |
| 7 | 7 Hungary | 10,250 | 2023 | -73.51% | View data | |
| 8 | 8 Sweden | 762 | 2023 | +5.23% | View data |
