Estonia: Ether Market 2024

Ether Market Size in Estonia

The Estonian ether market declined sharply to $X in 2022, which is down by -36% against the previous year. Overall, consumption recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ether Production in Estonia

In value terms, ether production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 151% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Ether Exports

Exports from Estonia

In 2022, approx. X tons of ethers were exported from Estonia; dropping by -4.4% compared with the year before. Over the period under review, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 1,509% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ether exports soared to $X in 2022. In general, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 524%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Lithuania (X tons) and Latvia (X tons) were the main destinations of ether exports from Estonia, together comprising 78% of total exports. Turkey, Uzbekistan, Finland and Serbia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +462,000.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for ethers exports from Estonia, comprising 49% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 20% share of total exports. It was followed by Latvia, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+27.3% per year) and Latvia (+0.7% per year).

Export Prices by Country

The average ether export price stood at $X per ton in 2022, surging by 53% against the previous year. In general, the export price saw a modest increase. The most prominent rate of growth was recorded in 2020 an increase of 2,879%. As a result, the export price reached the peak level of $X per ton. From 2021 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 Russia ($X per ton), while the average price for exports to Latvia ($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 Lithuania (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Estonia

In 2022, imports of ethers into Estonia reduced sharply to X tons, which is down by -44.6% against the previous year's figure. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 212%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ether imports declined rapidly to $X in 2022. In general, imports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 185% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest ether supplier to Estonia, accounting for a 46% share of total imports. Moreover, ether imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-19.5% per year) and Saudi Arabia (-0.1% per year).

In value terms, the largest ether suppliers to Estonia were Germany ($X), the Netherlands ($X) and Saudi Arabia ($X), with a combined 80% share of total imports. Belgium, Russia, the United States and the United Arab Emirates lagged somewhat behind, together accounting for a further 18%.

Russia, with a CAGR of +27.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average ether import price stood at $X per ton in 2022, rising by 24% against the previous year. Overall, the import price, however, recorded a slight shrinkage. 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 the United Arab Emirates ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform