Estonia: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Estonia

The Estonian market for non-cellular plates, sheets, film, foil and strip of plastics dropped modestly to $X in 2022, remaining constant against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +26.7% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced modestly in the following year.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Estonia

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24% against the previous year. Production of peaked at $X in 2021, and then fell in the following year.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Estonia

For the eleventh consecutive year, Estonia recorded growth in overseas shipments of non-cellular plates, sheets, film, foil and strip of plastics, which increased by 0.3% to X tons in 2022. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 31%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics expanded modestly to $X in 2022. In general, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 33% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Finland (X tons), Latvia (X tons) and Sweden (X tons) were the main destinations of exports of non-cellular plates, sheets, film, foil and strip of plastics from Estonia, together accounting for 56% of total exports. Norway, Lithuania, Poland, Russia and Denmark lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +23.3%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Latvia ($X) and Sweden ($X) were the largest markets for non-cellular plates, sheets, film, foil and strip of plastics exported from Estonia worldwide, with a combined 55% share of total exports. Lithuania, Norway, Russia, Poland and Denmark lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Norway, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of exports, 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 export price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, with an increase of 4.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 10% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 Russia ($X per ton), while the average price for exports to Poland ($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 Sweden (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Estonia

In 2022, approx. X tons of non-cellular plates, sheets, film, foil and strip of plastics were imported into Estonia; therefore, remained relatively stable against the previous year's figure. In general, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +59.6% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 17%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics expanded modestly to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +94.8% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Finland (X tons), Poland (X tons) and Norway (X tons) were the main suppliers of imports of non-cellular plates, sheets, film, foil and strip of plastics to Estonia, with a combined 45% share of total imports. Spain, Germany, Italy, the Netherlands, Russia, Lithuania, France, Vietnam, the Czech Republic and Sweden lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +157.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Norway ($X) and Poland ($X) constituted the largest non-cellular plates, sheets, film, foil and strip of plastics suppliers to Estonia, with a combined 44% share of total imports. Germany, Italy, Spain, the Netherlands, Sweden, Russia, France, Lithuania, Vietnam and the Czech Republic lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, Vietnam, with a CAGR of +134.9%, 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

The average import price for non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, picking up by 2.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 11%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform