Estonia: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Estonia

For the third consecutive year, the Estonian articles of fiber cement market recorded growth in sales value, which increased by 22% to $X in 2022. In general, consumption recorded strong growth. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Estonia

In 2022, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like increased by 174% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 494% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, articles of fiber cement exports surged to $X in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 691% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Finland (X tons) was the main destination for articles of fiber cement exports from Estonia, with a 42% share of total exports. Moreover, articles of fiber cement exports to Finland exceeded the volume sent to the second major destination, Latvia (X tons), twofold. Denmark (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland stood at +85.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+175.8% per year) and Denmark (0.0% per year).

In value terms, Finland ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Estonia, comprising 50% of total exports. The second position in the ranking was taken by Latvia ($X), with a 22% share of total exports. It was followed by Denmark, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland totaled +89.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+187.8% per year) and Denmark (0.0% per year).

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, declining by -44.1% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced increase. The growth pace was the most rapid in 2015 an increase of 208% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Bulgaria ($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 Belarus (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Estonia

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were imported into Estonia; jumping by 16% on the previous year's figure. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, articles of fiber cement imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 56% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of articles of fiber cement to Estonia, with a 66% share of total imports. Moreover, articles of fiber cement imports from Lithuania exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+11.7% per year) and Poland (-3.1% per year).

In value terms, the largest articles of fiber cement suppliers to Estonia were Lithuania ($X), Finland ($X) and Italy ($X), together accounting for 87% of total imports. Poland, Russia, Latvia and Ukraine lagged somewhat behind, together comprising a further 8.8%.

Russia, with a CAGR of +211.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 articles of fiber cement import price amounted to $X per ton, surging by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2014 when the average import price increased by 39% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform