Estonia: Stainless Steel Angle Market 2020

Stainless Steel Angle Market Size in Estonia

The revenue of the stainless steel angle market in Estonia amounted to $X in 2018, surging by X% against the previous year. Over the period under review, stainless steel angle consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. In that year, the stainless steel angle market reached its peak level of $X. From 2012 to 2018, the growth of the stainless steel angle market failed to regain its momentum.

Stainless Steel Angle Production in Estonia

In value terms, stainless steel angle production stood at $X in 2018 estimated in export prices. In general, stainless steel angle production continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Estonia stainless steel angle production peaked at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Stainless Steel Angle Exports

Exports from Estonia

In 2018, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were exported from Estonia; lowering by -X% against the previous year. Over the period under review, stainless steel angle exports continue to indicate a significant decline. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Estonia exports peaked at X tons in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, stainless steel angle exports stood at $X in 2018. Over the period under review, stainless steel angle exports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, stainless steel angle exports reached their peak figure at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

China was the main exporting country with an export of around X tons, which finished at X% of total exports. The UK (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%). The following exporters - Russia (X tons), Sweden (X tons), Germany (X tons), Spain (X tons), the U.S. (X tons), South Korea (X tons), Vietnam (X tons), Italy (X tons) and Turkey (X tons) - together made up X% of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Turkey (+X%), Vietnam (+X%), Spain (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. India experienced a relatively flat trend pattern. By contrast, Sweden (-X%), Germany (-X%), Russia (-X%), Italy (-X%), the UK (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) significantly strengthened its position in terms of the global exports, while Russia, the U.S., the UK and China saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stainless steel angle supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China stood at -X%. In the other countries, the average annual rates were as follows: India (-X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the stainless steel angle export price in Estonia amounted to $X per ton, increasing by X% against the previous year. Overall, the stainless steel angle export price, however, continues to indicate a measured decrease. The pace of growth appeared the most rapid in 2014 when the export price increased by X% y-o-y. Estonia export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into Estonia

Stainless steel angle imports into Estonia amounted to X tons in 2018, rising by X% against the previous year. In general, stainless steel angle imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, stainless steel angle imports attained their maximum at X tons in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports amounted to $X in 2018. In general, stainless steel angle imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Estonia imports peaked at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Indonesia (X tons), the Philippines (X tons) and the U.S. (X tons) represented roughly X% of total imports of angles, shapes and sections of stainless steel or other alloy steel in 2018. Japan (X tons), Canada (X tons), Italy (X tons), Romania (X tons), Russia (X tons), Germany (X tons), Mexico (X tons) and the Netherlands (X tons) took a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel angle importing markets into Estonia were the U.S. ($X), Malaysia ($X) and Germany ($X), together accounting for X% of total imports. These countries were followed by Italy, the Philippines, Indonesia, the Netherlands, Canada, Romania, Japan, Russia, Mexico and Estonia, which together accounted for a further X the main importing countries, the Philippines experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the stainless steel angle import price in Estonia amounted to $X per ton, going up by X% against the previous year. Over the period under review, the stainless steel angle import price, however, continues to indicate a temperate reduction. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Estonia import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform