Estonia: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Estonia

The Estonian chain scoops and sliders market declined dramatically to $X in 2022, waning by -37.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a pronounced reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Estonia

For the fourth year in a row, Estonia recorded growth in shipments abroad of chain scoops, sliders, runners, end pieces and narrow strips, which increased by 41% to X tons in 2022. Overall, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 48%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, chain scoops and sliders exports surged to $X in 2022. Over the period under review, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for chain scoops and sliders exports from Estonia, with a 61% share of total exports. Moreover, chain scoops and sliders exports to Finland exceeded the volume sent to the second major destination, Sweden (X tons), ninefold. The third position in this ranking was taken by Germany (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland stood at +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-7.9% per year) and Germany (+13.3% per year).

In value terms, Finland ($X) remains the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Estonia, comprising 49% of total exports. The second position in the ranking was taken by Portugal ($X), with a 15% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Finland stood at +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+12.4% per year) and Germany (+18.1% per year).

Export Prices by Country

The average chain scoops and sliders export price stood at $X per ton in 2022, increasing by 4.6% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chain scoops and sliders export price increased by +27.2% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 86% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Russia ($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 Portugal (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Estonia

In 2022, approx. X tons of chain scoops, sliders, runners, end pieces and narrow strips were imported into Estonia; waning by -13.6% against the previous year's figure. In general, imports recorded a mild downturn. The growth pace was the most rapid in 2017 when imports increased by 28% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, chain scoops and sliders imports dropped dramatically to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Finland (X tons) were the main suppliers of chain scoops and sliders imports to Estonia, with a combined 77% share of total imports. Poland, Taiwan (Chinese), Vietnam and Lithuania lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +3.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chain scoops and sliders suppliers to Estonia were China ($X), Finland ($X) and Germany ($X), with a combined 67% share of total imports.

Finland, with a CAGR of +5.9%, saw the highest growth rate of 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 chain scoops and sliders import price stood at $X per ton in 2022, reducing by -6.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 27%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 Taiwan (Chinese) ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform