Estonia: Construction Sands Market 2024

Construction Sands Market Size in Estonia

The Estonian construction sands market plummeted to $X in 2022, waning by -24.9% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.7% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Construction Sands Production in Estonia

In value terms, construction sands production dropped sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +49.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by 98%. As a result, production attained the peak level of $X, and then plummeted in the following year.

Construction Sands Exports

Exports from Estonia

In 2022, shipments abroad of construction sands decreased by -65.7% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 3,226%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, construction sands exports skyrocketed to $X in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 2,568% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for construction sands exports from Estonia, with a 85% share of total exports. Moreover, construction sands exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+63.0% per year) and Norway (-45.5% per year).

In value terms, Latvia ($X) remains the key foreign market for construction sands exports from Estonia, comprising 68% of total exports. The second position in the ranking was held by Lithuania ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Latvia amounted to +57.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+58.0% per year) and Norway (-44.1% per year).

Export Prices by Country

In 2022, the average construction sands export price amounted to $X per ton, rising by 281% against the previous year. In general, the export price saw a remarkable increase. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Norway ($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 (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Construction Sands Imports

Imports into Estonia

For the third consecutive year, Estonia recorded growth in overseas purchases of construction sands, which increased by 28% to X tons in 2022. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 97% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, construction sands imports rose significantly to $X in 2022. Overall, imports saw a tangible expansion. The pace of growth was the most pronounced in 2017 with an increase of 166% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of construction sands to Estonia, accounting for a 43% share of total imports. Moreover, construction sands imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +123.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+50.2% per year) and Denmark (+18.4% per year).

In value terms, Poland ($X), Germany ($X) and Finland ($X) constituted the largest construction sands suppliers to Estonia, together accounting for 81% of total imports.

Among the main suppliers, Poland, with a CAGR of +95.7%, recorded the highest rates of growth with regard to the value of imports, 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 construction sands import price amounted to $X per ton, waning by -10.6% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 48% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform