Estonia: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Estonia

The Estonian graphite non-electrical articles market contracted to $X in 2022, waning by -13.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt contraction. Graphite non-electrical articles consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Graphite Non-Electrical Articles Exports

Exports from Estonia

In 2022, overseas shipments of non-electrical articles of graphite or other carbon increased by 6.8% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 663% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, graphite non-electrical articles exports shrank slightly to $X in 2022. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 600%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for graphite non-electrical articles exports from Estonia, with a 58% share of total exports. Moreover, graphite non-electrical articles exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X tons), threefold. Germany (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+42.3% per year) and Germany (+67.5% per year).

In value terms, the largest markets for graphite non-electrical articles exported from Estonia were Germany ($X), Russia ($X) and Latvia ($X), with a combined 84% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +97.5%, 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 graphite non-electrical articles export price amounted to $X per ton, reducing by -8.7% against the previous year. Overall, the export price, however, saw mild growth. The pace of growth appeared the most rapid in 2017 an increase of 275%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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 Russia ($X per ton), while the average price for exports to Latvia ($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 Germany (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Graphite Non-Electrical Articles Imports

Imports into Estonia

In 2022, the amount of non-electrical articles of graphite or other carbon imported into Estonia dropped to X tons, with a decrease of -9% against 2021 figures. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 238%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, graphite non-electrical articles imports dropped to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 124%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of graphite non-electrical articles imports to Estonia, together comprising 57% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +143.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and the UK ($X) constituted the largest graphite non-electrical articles suppliers to Estonia, with a combined 61% share of total imports. China, Hungary, Sweden, Finland, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further 16%.

Hungary, with a CAGR of +208.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average graphite non-electrical articles import price stood at $X per ton in 2022, waning by -3.2% against the previous year. Overall, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 297%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped slightly in the following year.

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 Turkey ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform