Estonia: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Estonia

The Estonian non-cellular polystyrene film market declined remarkably to $X in 2022, waning by -17.5% against the previous year. In general, consumption continues to indicate a pronounced curtailment. Non-cellular polystyrene film consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Non-Cellular Polystyrene Film Production in Estonia

In value terms, non-cellular polystyrene film production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Non-cellular polystyrene film production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Non-Cellular Polystyrene Film Exports

Exports from Estonia

Non-cellular polystyrene film exports from Estonia shrank remarkably to X tons in 2022, declining by -50.7% on 2021. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 510% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film exports plummeted to $X in 2022. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by 384%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for non-cellular polystyrene film exports from Estonia, with a 39% share of total exports. Moreover, non-cellular polystyrene film exports to Belgium exceeded the volume sent to the second major destination, Latvia (X tons), twofold. Russia (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+4.8% per year) and Russia (-15.2% per year).

In value terms, Russia ($X), Latvia ($X) and Ireland ($X) appeared to be the largest markets for non-cellular polystyrene film exported from Estonia worldwide, with a combined 74% share of total exports. Finland, Lithuania, Norway and Belgium lagged somewhat behind, together accounting for a further 24%.

Lithuania, with a CAGR of +39.5%, saw the highest rates of growth with regard to the value of exports, among 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

The average non-cellular polystyrene film export price stood at $X per ton in 2022, which is down by -8.1% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polystyrene film export price increased by +63.1% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Belgium ($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 Ireland (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into Estonia

In 2022, approx. X tons of non-cellular polystyrene films, sheets, foil and strip were imported into Estonia; with a decrease of -9.6% against the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 21% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-cellular polystyrene film imports shrank rapidly to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 36% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of non-cellular polystyrene film to Estonia, with a 40% share of total imports. Moreover, non-cellular polystyrene film imports from Finland exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Latvia (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+38.3% per year) and Latvia (+106.8% per year).

In value terms, Finland ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to Estonia, comprising 34% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total imports. It was followed by Latvia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+15.8% per year) and Latvia (+107.7% per year).

Import Prices by Country

In 2022, the average non-cellular polystyrene film import price amounted to $X per ton, falling by -7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 29%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 Czech Republic (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform