Report Update Nov 1, 2024

Estonia - Carbon Dioxide - Market Analysis, Forecast, Size, Trends and Insights

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Estonia: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Estonia

In 2022, after three years of growth, there was significant decline in the Estonian carbon dioxide market, when its value decreased by -6.9% to $X. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Carbon Dioxide Exports

Exports from Estonia

In 2022, shipments abroad of carbon dioxide decreased by -47.7% to X tons, falling for the third consecutive year after eight years of growth. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 521% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, carbon dioxide exports fell remarkably to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 814%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of carbon dioxide exports from Estonia, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +169.0%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for carbon dioxide exports from Estonia, comprising 74% of total exports. The second position in the ranking was held by Denmark ($X), with a 22% share of total exports. It was followed by Russia, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at +128.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+163.5% per year) and Russia (+29.8% per year).

Export Prices by Country

The average carbon dioxide export price stood at $X per ton in 2022, picking up by 18% against the previous year. In general, the export price continues to indicate a noticeable expansion. The growth pace was the most rapid in 2018 when the average export price increased by 401% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Russia ($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 Denmark (-2.0%), while the prices for the other major destinations experienced a decline.

Carbon Dioxide Imports

Imports into Estonia

In 2022, approx. X tons of carbon dioxide were imported into Estonia; with a decrease of -21.2% on the previous year. Over the period under review, imports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2019 when imports increased by 65%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank notably in the following year.

In value terms, carbon dioxide imports reduced to $X in 2022. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 89%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Latvia (X tons) constituted the largest carbon dioxide supplier to Estonia, with a 63% share of total imports. Moreover, carbon dioxide imports from Latvia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Japan (X tons), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Latvia stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+88.2% per year) and Japan (+8.7% per year).

In value terms, Latvia ($X) constituted the largest supplier of carbon dioxide to Estonia, comprising 60% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.4% per year) and China (+78.0% per year).

Import Prices by Country

The average carbon dioxide import price stood at $X per ton in 2022, rising by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2014 when the average import price increased by 52%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the carbon dioxide market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111230 - Carbon dioxide

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023