Estonia: Twine Product Market 2025

Twine Product Market Size in Estonia

The Estonian twine product market expanded markedly to $X in 2022, with an increase of 8.6% against the previous year. In general, consumption enjoyed a strong increase. Twine product consumption peaked in 2022 and is likely to continue growth in the immediate term.

Twine Product Production in Estonia

In value terms, twine product production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.2% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Twine Product Exports

Exports from Estonia

In 2022, after four years of decline, there was significant growth in overseas shipments of articles of twine, cordage, rope or cables, when their volume increased by 159% to X tons. In general, exports, however, showed a abrupt slump. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine product exports soared to $X in 2022. Overall, exports, however, continue to indicate a deep downturn. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for twine product exports from Estonia, accounting for a 67% share of total exports. Moreover, twine product exports to the UK exceeded the volume sent to the second major destination, Norway (X tons), fivefold. The third position in this ranking was taken by Finland (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +37.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+23.0% per year) and Finland (-19.6% per year).

In value terms, the UK ($X), Latvia ($X) and Norway ($X) constituted the largest markets for twine product exported from Estonia worldwide, together accounting for 72% of total exports.

The UK, with a CAGR of +28.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average twine product export price stood at $X per ton in 2022, with a decrease of -32.1% against the previous year. Over the period under review, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35%. As a result, the export price reached the peak level of $X per ton, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the UK ($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 Latvia (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Estonia

After four years of decline, overseas purchases of articles of twine, cordage, rope or cables increased by 102% to X tons in 2022. In general, imports continue to indicate a temperate expansion. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, twine product imports surged 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 +6.0% 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 +95.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of twine product to Estonia, with a 68% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), more than tenfold. Georgia (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+15.4% per year) and Georgia (+57.4% per year).

In value terms, the largest twine product suppliers to Estonia were China ($X), the United States ($X) and Germany ($X), together comprising 63% of total imports.

The United States, with a CAGR of +67.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, dropping by -23.6% against the previous year. Over the period under review, the import price, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2019 an increase of 53% against the previous year. The import price peaked at $X per ton in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform