Estonia: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Estonia

In 2022, after two years of growth, there was significant decline in the Estonian base metal clasp market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Base Metal Clasp Production in Estonia

In value terms, base metal clasp production dropped to $X in 2022 estimated in export price. In general, production saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Base Metal Clasp Exports

Exports from Estonia

In 2022, shipments abroad of articles such as clasps, frames with clasps, parts of base metal was finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal clasp exports expanded sharply to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China (X tons), Hungary (X tons) and Mexico (X tons) were the main destinations of base metal clasp exports from Estonia, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for articles such as clasps, frames with clasps, parts of base metal exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Hungary (X% per year).

Export Prices by Country

The average base metal clasp export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then reduced modestly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per ton) and Russia ($X per ton), while the average price for exports to Hungary ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Clasp Imports

Imports into Estonia

In 2022, approx. X tons of articles such as clasps, frames with clasps, parts of base metal were imported into Estonia; increasing by X% compared with the previous year. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal clasp imports declined to $X in 2022. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), Germany (X tons) and Romania (X tons) were the main suppliers of base metal clasp imports to Estonia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Romania ($X) were the largest base metal clasp suppliers to Estonia, with a combined X% share of total imports.

Romania, with a CAGR of X%, recorded 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 base metal clasp import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform