Estonia: Ball Market 2024

Ball Market Size in Estonia

In 2022, after two years of growth, there was significant decline in the Estonian ball market, when its value decreased by -24.2% to $X. Overall, consumption continues to indicate a perceptible decline. Ball consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Ball Production in Estonia

In value terms, ball production fell dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 62%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Ball Exports

Exports from Estonia

In 2022, ball exports from Estonia skyrocketed to X units, surging by 201% on the year before. Over the period under review, exports, however, continue to indicate a pronounced downturn. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ball exports soared to $X in 2022. In general, exports, however, continue to indicate a noticeable setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X units) was the main destination for ball exports from Estonia, with a 48% share of total exports. Moreover, ball exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X units), twofold. The third position in this ranking was held by Russia (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+5.3% per year) and Russia (-18.0% per year).

In value terms, Latvia ($X) remains the key foreign market for balls exports from Estonia, comprising 49% of total exports. The second position in the ranking was held by Lithuania ($X), with a 20% share of total exports. It was followed by Russia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+5.7% per year) and Russia (-17.8% per year).

Export Prices by Country

The average ball export price stood at $X per unit in 2022, with a decrease of -36.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 64% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per unit) and Austria ($X per unit), while the average price for exports to Russia ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into Estonia

In 2022, overseas purchases of balls decreased by -17.2% to X units, falling for the second year in a row after four years of growth. In general, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of 45%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ball imports rose notably to $X in 2022. Overall, imports saw a mild setback. The pace of growth was the most pronounced in 2018 when imports increased by 32% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Thailand (X units) and Vietnam (X units) were the main suppliers of ball imports to Estonia, with a combined 62% share of total imports. Finland, France, India, Hungary, the Netherlands, the Philippines, Pakistan, Greece, Malaysia and Germany lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +140.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of balls to Estonia, comprising 36% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+55.0% per year) and Thailand (+1.3% per year).

Import Prices by Country

In 2022, the average ball import price amounted to $X per unit, with an increase of 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+39.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform