Estonia: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Estonia

In 2022, the Estonian market for cellular plates, sheets and films of polyymers of styrene increased by 28% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, enjoyed a strong increase. Consumption of peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Estonia

In value terms, production of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022 estimated in export price. Overall, production, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when the production volume increased by 74%. Over the period under review, production of attained the peak level in 2022 and is expected to retain growth in the near future.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Estonia

In 2022, shipments abroad of cellular plates, sheets and films of polyymers of styrene decreased by -30.6% to X tons for the first time since 2013, thus ending a eight-year rising trend. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 65% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene shrank to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by 37%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Latvia (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Estonia, with a 70% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Latvia exceeded the volume sent to the second major destination, Finland (X tons), sevenfold. Iceland (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+3.0% per year) and Iceland (+19.1% per year).

In value terms, Latvia ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Estonia, comprising 51% of total exports. The second position in the ranking was held by Qatar ($X), with a 15% share of total exports. It was followed by Finland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+346.4% per year) and Finland (+7.1% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, surging by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29% 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 Qatar ($X per ton), while the average price for exports to Iceland ($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 Qatar (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Estonia

In 2022, the amount of cellular plates, sheets and films of polyymers of styrene imported into Estonia stood at X tons, picking up by 13% on the previous year's figure. In general, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene totaled $X in 2022. Over the period under review, imports posted a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 91% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of polystyrene cellular plates, sheets and films to Estonia, with a 55% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from Finland exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), sixfold. The third position in this ranking was taken by Latvia (X tons), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from Finland stood at +54.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+11.1% per year) and Latvia (-5.0% per year).

In value terms, Finland ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Estonia, comprising 47% of total imports. The second position in the ranking was held by Latvia ($X), with an 11% share of total imports. It was followed by Lithuania, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Finland stood at +48.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (-1.3% per year) and Lithuania (+13.6% per year).

Import Prices by Country

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, approximately reflecting the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform