Estonia: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Estonia

After two years of growth, the Estonian market for flexible tubes, pipes and hoses of plastics, without fittings decreased by -76.6% to $X in 2022. Over the period under review, consumption, however, showed a notable increase. Consumption of peaked at $X in 2021, and then reduced notably in the following year.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Estonia

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings surged to $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 11,120%. Production of peaked in 2022 and is expected to retain growth in the near future.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Estonia

In 2022, the amount of flexible tubes, pipes and hoses of plastics, without fittings exported from Estonia surged to X tons, growing by 21% against the previous year's figure. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 181% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings surged to $X in 2022. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2013 when exports increased by 155% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Estonia, with a 42% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to Germany exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +99.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+78.1% per year) and Spain (+339.1% per year).

In value terms, Germany ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, without fittings exports from Estonia, comprising 46% of total exports. The second position in the ranking was taken by Sweden ($X), with a 10% share of total exports. It was followed by Lithuania, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +79.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+60.4% per year) and Lithuania (+5.2% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, growing by 16% against the previous year. In general, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Spain ($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 Poland (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Estonia

In 2022, after three years of growth, there was significant decline in overseas purchases of flexible tubes, pipes and hoses of plastics, without fittings, when their volume decreased by -12.1% to X tons. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings dropped to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

Germany (X tons), Sweden (X tons) and Latvia (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to Estonia, with a combined 61% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +13.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Latvia ($X) were the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to Estonia, with a combined 55% share of total imports.

Among the main suppliers, Germany, with a CAGR of +10.0%, recorded the highest growth rate of 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

The average import price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, picking up by 8.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 27%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform