Estonia: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Estonia

After two years of decline, the Estonian hard plastic comb market increased by 2.1% to $X in 2022. In general, consumption, however, recorded a pronounced contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Hard Plastic Comb Production in Estonia

In value terms, hard plastic comb production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight contraction. The pace of growth appeared the most rapid in 2014 with an increase of 302% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Hard Plastic Comb Exports

Exports from Estonia

Hard plastic comb exports from Estonia shrank notably to X tons in 2022, reducing by -42.9% against 2021 figures. Over the period under review, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 469%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hard plastic comb exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 394%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X kg), Russia (X kg) and Lithuania (X kg) were the main destinations of hard plastic comb exports from Estonia, with a combined 91% share of total exports. Finland and Sweden lagged somewhat behind, together comprising a further 8.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +52.3%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) emerged as the key foreign market for hard rubber or plastic combs exports from Estonia, comprising 50% of total exports. The second position in the ranking was held by Lithuania ($X), with a 20% share of total exports. It was followed by Finland, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Latvia stood at +46.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+38.2% per year) and Finland (+14.2% per year).

Export Prices by Country

The average hard plastic comb export price stood at $X per ton in 2022, increasing by 10% against the previous year. Over the period under review, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 180% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Finland ($X per ton), while the average price for exports to Sweden ($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 Finland (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hard Plastic Comb Imports

Imports into Estonia

In 2022, after two years of decline, there was significant growth in purchases abroad of hard rubber or plastic combs, when their volume increased by 23% to X tons. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 95% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hard plastic comb imports contracted to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 105% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hard plastic comb to Estonia, with a 65% share of total imports. Moreover, hard plastic comb imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The third position in this ranking was held by Poland (X kg), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+0.2% per year) and Poland (+7.3% per year).

In value terms, the largest hard plastic comb suppliers to Estonia were China ($X), Finland ($X) and Poland ($X), together accounting for 85% of total imports. Italy, Denmark, Turkey and Bangladesh lagged somewhat behind, together comprising a further 4.6%.

Denmark, with a CAGR of +71.4%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average hard plastic comb import price amounted to $X per ton, shrinking by -23.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 31%. As a result, import price attained the peak level of $X per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform