Estonia: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Estonia

In 2022, the Estonian adhesive bandage market increased by 11% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption showed a resilient increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Adhesive Bandage Production in Estonia

In value terms, adhesive bandage production rose to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 229% against the previous year. Adhesive bandage production peaked at $X in 2020; afterwards, it flattened through to 2022.

Adhesive Bandage Exports

Exports from Estonia

After three years of decline, shipments abroad of adhesive bandages increased by 26% to X tons in 2022. Overall, exports continue to indicate slight growth. The growth pace was the most rapid in 2016 when exports increased by 60% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, adhesive bandage exports skyrocketed to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.0% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 59% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for adhesive bandage exports from Estonia, accounting for a 90% share of total exports. Moreover, adhesive bandage exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+0.8% per year) and the UK (+28.6% per year).

In value terms, Latvia ($X) remains the key foreign market for adhesive bandages exports from Estonia, comprising 81% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 10% share of total exports. It was followed by the UK, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Latvia amounted to +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-0.5% per year) and the UK (+12.2% per year).

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, with a decrease of -3.2% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage export price increased by +66.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-1.1%), while the prices for the other major destinations experienced a decline.

Adhesive Bandage Imports

Imports into Estonia

After three years of decline, purchases abroad of adhesive bandages increased by 51% to X tons in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, adhesive bandage imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.8% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 33%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest adhesive bandage supplier to Estonia, accounting for a 53% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, Latvia (X tons), threefold. The third position in this ranking was held by Sweden (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+10.7% per year) and Sweden (-13.3% per year).

In value terms, the largest adhesive bandage suppliers to Estonia were China ($X), Latvia ($X) and Poland ($X), with a combined 61% share of total imports. Sweden, Germany, Belgium and the Netherlands lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, the Netherlands, with a CAGR of +127.2%, saw the highest growth rate of 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 2022, the average adhesive bandage import price amounted to $X per ton, which is down by -18.1% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage import price increased by +59.4% against 2015 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2021, and then shrank dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform