Estonia: Graphic Papers Market 2024

Graphic Papers Market Size in Estonia

In 2022, the Estonian graphic papers market increased by 19% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a slight descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Graphic Papers Production in Estonia

In value terms, graphic papers production skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion 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 +96.6% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Graphic Papers Exports

Exports from Estonia

Graphic papers exports from Estonia soared to X tons in 2022, rising by 183% on 2021 figures. Overall, exports, however, recorded a abrupt curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, graphic papers exports soared to $X in 2022. In general, exports, however, recorded a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Lebanon (X tons) and Israel (X tons) were the main destinations of graphic papers exports from Estonia, with a combined 70% 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 Lebanon (with a CAGR of +151.8%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for graphic papers exports from Estonia, comprising 49% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 15% share of total exports. It was followed by Israel, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+168.9% per year) and Israel (+152.4% per year).

Export Prices by Country

The average graphic papers export price stood at $X per ton in 2022, rising by 9.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood 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 Russia ($X per ton), while the average price for exports to Lebanon ($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 Israel (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Graphic Papers Imports

Imports into Estonia

For the sixth consecutive year, Estonia recorded decline in purchases abroad of graphic papers, which decreased by -2.1% to X tons in 2022. Overall, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of 5.6% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, graphic papers imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a mild descent. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of graphic papers imports to Estonia, with a combined 68% share of total imports. Belgium, Slovakia, Austria, Russia and Portugal lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +55.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Sweden ($X) and Germany ($X) were the largest graphic papers suppliers to Estonia, together accounting for 61% of total imports. Slovakia, Austria, Belgium, Portugal and Russia lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Belgium, with a CAGR of +49.8%, 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 graphic papers import price stood at $X per ton in 2022, with an increase of 33% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform