Estonia: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Estonia

For the sixth consecutive year, the Estonian market for floor, wall or ceiling coverings of plastics recorded growth in sales value, which increased by 4.1% to $X in 2022. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +78.0% against 2016 indices. Consumption of peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Estonia

In value terms, production of floor, wall or ceiling coverings of plastics surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 84%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Estonia

In 2022, approx. X square meters of floor, wall or ceiling coverings of plastics were exported from Estonia; which is down by -29.5% on 2021. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 20%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics fell remarkably to $X in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 14% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X square meters), Latvia (X square meters) and Russia (X square meters) were the main destinations of exports of floor, wall or ceiling coverings of plastics from Estonia, with a combined 61% share of total exports. Poland, Belarus, Norway, Romania, Sweden, Lithuania and France lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +173.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Estonia, comprising 32% of total exports. The second position in the ranking was taken by Russia ($X), with a 14% share of total exports. It was followed by Poland, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Finland totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-13.2% per year) and Poland (-12.2% per year).

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, dropping by -2.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19%. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2016; however, from 2017 to 2022, the 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 France ($X per square meter), while the average price for exports to Latvia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Estonia

After three years of growth, overseas purchases of floor, wall or ceiling coverings of plastics decreased by -0.6% to X square meters in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.2% against 2013 indices. The most prominent rate of growth was recorded in 2019 with an increase of 26%. Imports peaked at X square meters in 2021, and then fell slightly in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics stood at $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of plastic floor, wall and ceiling coverings to Estonia, accounting for a 33% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Germany (X square meters), threefold. The third position in this ranking was taken by Sweden (X square meters), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.8% per year) and Sweden (+2.4% per year).

In value terms, the largest plastic floor, wall and ceiling coverings suppliers to Estonia were China ($X), Sweden ($X) and Germany ($X), with a combined 48% share of total imports. The Netherlands, Belgium, Poland, Luxembourg, France, the UK, Finland, Hungary, Turkey and Latvia lagged somewhat behind, together accounting for a further 49%.

Among the main suppliers, Turkey, with a CAGR of +26.2%, saw 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 import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, remaining constant against the previous year. Overall, the import price, however, showed a mild contraction. The growth pace was the most rapid in 2021 when the average import price increased by 16%. The import price peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per square meter), while the price for Latvia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform