Estonia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Estonia

In 2022, the Estonian glass in the mass market increased by 5.8% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Glass in The Mass in Estonia

In value terms, glass in the mass production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 19%. Over the period under review, glass in mass production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Glass in The Mass

Exports from Estonia

In 2022, approx. X tons of glass in the mass were exported from Estonia; which is down by -41.8% compared with the previous year's figure. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 153% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, glass in the mass exports fell notably to $X in 2022. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 240% against the previous year. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Finland (X tons), Lithuania (X tons) and Poland (X tons) were the main destinations of glass in the mass exports from Estonia, with a combined 80% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +51.1%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the key foreign market for glass in the mass exports from Estonia, comprising 45% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 20% share of total exports. It was followed by Denmark, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland stood at +90.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+28.5% per year) and Denmark (+14.8% per year).

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, with a decrease of -2.1% against the previous year. Over the period under review, the export price, however, saw notable growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 50% against the previous year. The export price peaked at $X per ton in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Lithuania ($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 (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Estonia

In 2022, imports of glass in the mass into Estonia shrank markedly to X tons, declining by -45.6% against the previous year. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 440% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, glass in the mass imports declined significantly to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2016 when imports increased by 440% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest glass in the mass supplier to Estonia, accounting for a 86% share of total imports. Moreover, glass in the mass imports from Denmark exceeded the figures recorded by the second-largest supplier, Latvia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+160.9% per year) and Finland (-39.5% per year).

In value terms, Latvia ($X) constituted the largest supplier of glass in the mass to Estonia, comprising 28% of total imports. The second position in the ranking was held by Denmark ($X), with a 3.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia amounted to +144.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (0.0% per year) and Finland (-36.1% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, growing by 7.3% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 145% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.4%).

Source: IndexBox Platform