Estonia: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Estonia

In 2022, after two years of growth, there was decline in the Estonian market for articles of cellulose fibre-cement, not containing asbestos, when its value decreased by -3.4% to $X. In general, consumption showed significant growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Estonia

In value terms, production of articles of cellulose fibre-cement, not containing asbestos rose significantly to $X in 2022 estimated in export price. Overall, production showed buoyant growth. The growth pace was the most rapid in 2020 when the production volume increased by 46%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Estonia

In 2022, overseas shipments of articles of cellulose fibre-cement, not containing asbestos decreased by -76.5% to X kg, falling for the third consecutive year after three years of growth. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2015 with an increase of 11,040%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos shrank remarkably to $X in 2022. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 7,795%. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X kg) and the UK (X kg) were the main destinations of exports of articles of cellulose fibre-cement, not containing asbestos from Estonia.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +94.0%).

In value terms, Latvia ($X) and the UK ($X) constituted the largest markets for articles of cellulose fibre-cement, not containing asbestos exported from Estonia worldwide.

Latvia, with a CAGR of +131.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average export price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, with a decrease of -12.2% against the previous year. In general, the export price, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 an increase of 919%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Latvia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+19.2%).

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Estonia

Imports of articles of cellulose fibre-cement, not containing asbestos into Estonia skyrocketed to X tons in 2022, rising by 16% against 2021. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 18,665% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos stood at $X in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 4,481% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest articles of cellulose fibre-cement, not containing asbestos supplier to Estonia, accounting for a 86% share of total imports. Moreover, imports of articles of cellulose fibre-cement, not containing asbestos from Lithuania exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was taken by Latvia (X tons), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+697.4% per year) and Latvia (+4,305.2% per year).

In value terms, Lithuania ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Estonia, comprising 79% of total imports. The second position in the ranking was held by Poland ($X), with a 7.2% share of total imports. It was followed by Latvia, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from Lithuania stood at +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+314.5% per year) and Latvia (+4,140.0% per year).

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, declining by -2.8% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of 76% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform