HS Code:
Crushed, granulated or ground cork falls under HS Code 4501.90. This category includes cork that has been processed into smaller particles or powder form, often used as a raw material in the production of agglomerated cork products, insulation materials, and industrial applications. Cork, derived from the bark of cork oak trees, is a sustainable and renewable resource primarily sourced from Mediterranean countries. This product category plays a significant role in industries such as construction, automotive, and consumer goods due to its thermal and acoustic insulation properties, lightweight nature, and eco-friendly characteristics.
Total Trade Volume
USD 120 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.5%
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under EU free trade agreements and specific WTO commitments)
Rising demand for sustainable materials
Increased use of crushed cork in eco-friendly construction and packaging industries, driving export growth from Mediterranean countries.
2021-2022
Technological advancements in processing
Improved granulation techniques have enhanced the quality of crushed cork, expanding its application in high-value industries like automotive and aerospace.
2020-2022
Shift towards circular economy
Recycling of cork waste into granulated forms has gained traction, reducing production costs and appealing to environmentally conscious markets.
2019-2022
The European Union's Green Deal has introduced stricter sustainability standards, benefiting cork exporters like Portugal and Spain due to the material's renewable nature.
January 2023
Positive for EU exporters; potential barriers for non-certified suppliers.
A recent trade agreement between the EU and North American countries has reduced tariffs on cork products, boosting exports of crushed cork to the US and Canada.
September 2022
Increased market access for European exporters, with a projected 10% rise in trade volume.
Political instability in parts of North Africa has affected cork harvesting and processing, leading to reduced exports of crushed cork from countries like Tunisia.
March 2023
Negative for North African exporters; potential opportunities for European competitors.