Estonia: Base Metal Keys Market 2025

Base Metal Keys Market Size in Estonia

The Estonian base metal keys market reduced notably to $X in 2022, shrinking by -29.8% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Base Metal Keys Production in Estonia

In value terms, base metal keys production soared to $X in 2022 estimated in export price. Overall, production posted prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 58%. Base metal keys production peaked in 2022 and is expected to retain growth in the immediate term.

Base Metal Keys Exports

Exports from Estonia

Base metal keys exports from Estonia dropped markedly to X kg in 2022, shrinking by -19.7% against 2021 figures. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 289%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal keys exports shrank markedly to $X in 2022. Over the period under review, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 with an increase of 164% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Latvia (X kg), Serbia (X kg) and Lithuania (X kg) were the main destinations of base metal keys exports from Estonia, with a combined 66% share of total exports. Finland, Norway, Russia and China lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +2.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Latvia ($X) emerged as the key foreign market for base metal keys exports from Estonia, comprising 53% of total exports. The second position in the ranking was taken by Finland ($X), with a 14% share of total exports. It was followed by Lithuania, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Latvia amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+9.3% per year) and Lithuania (-8.3% per year).

Export Prices by Country

The average base metal keys export price stood at $X per ton in 2022, falling by -15.4% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2021 an increase of 84% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Serbia ($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 Norway (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Keys Imports

Imports into Estonia

In 2022, the amount of base metal keys imported into Estonia declined remarkably to X tons, dropping by -40.2% on 2021 figures. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 158%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, base metal keys imports declined significantly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 28% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X kg), Finland (X kg) and China (X kg) were the main suppliers of base metal keys imports to Estonia, together comprising 52% of total imports. Germany, Sweden, Russia, Spain and Norway lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +35.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and China ($X) appeared to be the largest base metal keys suppliers to Estonia, with a combined 59% share of total imports.

The Netherlands, with a CAGR of +23.2%, recorded the highest rates of growth with regard to 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 base metal keys import price amounted to $X per ton, picking up by 19% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average import price increased by 51%. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform