Estonia: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Estonia

After three years of growth, the Estonian plastic household articles market decreased by -6.1% to $X in 2022. Overall, consumption, however, recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Household Articles Production in Estonia

In value terms, plastic household articles production reached $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 26%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Household Articles Exports

Exports from Estonia

Plastic household articles exports from Estonia skyrocketed to X tons in 2022, increasing by 22% on the previous year. Over the period under review, exports, however, recorded a abrupt decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic household articles exports rose rapidly to $X in 2022. Overall, exports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Finland (X tons) and Latvia (X tons) were the main destinations of plastic household articles exports from Estonia, with a combined 69% share of total exports. Belarus, Norway, Sweden and Lithuania lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +48.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Finland ($X) and Latvia ($X) constituted the largest markets for plastic household articles exported from Estonia worldwide, with a combined 72% share of total exports. Lithuania, Belarus, Sweden and Norway lagged somewhat behind, together comprising a further 22%.

Belarus, with a CAGR of +45.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, which is down by -11.4% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of 39%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

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 Lithuania ($X per ton), while the average price for exports to Belarus ($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 Latvia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Estonia

In 2022, after three years of growth, there was significant decline in overseas purchases of household articles and toilet articles of plastics, when their volume decreased by -15.6% to X tons. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +30.7% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 70% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined notably in the following year.

In value terms, plastic household articles imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 12%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest plastic household articles supplier to Estonia, accounting for a 40% share of total imports. Moreover, plastic household articles imports from Poland exceeded the figures recorded by the second-largest supplier, Latvia (X tons), threefold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+13.1% per year) and China (-4.6% per year).

In value terms, the largest plastic household articles suppliers to Estonia were Poland ($X), China ($X) and Finland ($X), together accounting for 54% of total imports. Latvia, Germany, Sweden, Italy, Lithuania, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Turkey, with a CAGR of +29.0%, recorded 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 plastic household articles import price amounted to $X per ton, increasing by 21% against the previous year. Overall, the import price, however, showed a mild slump. The growth pace was the most rapid in 2017 an increase of 35% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform