Estonia: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in Estonia

In 2022, the Estonian non-refractory clay constructional products market increased by 19% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a deep slump. Non-refractory clay constructional products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Non-Refractory Clay Constructional Products in Estonia

In value terms, non-refractory clay constructional products production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 67%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Non-Refractory Clay Constructional Products

Exports from Estonia

Non-refractory clay constructional products exports from Estonia contracted rapidly to X tons in 2022, dropping by -42.6% against 2021 figures. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 313%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-refractory clay constructional products exports fell significantly to $X in 2022. Overall, exports faced a sharp setback. The pace of growth appeared the most rapid in 2016 when exports increased by 259%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for non-refractory clay constructional products exports from Estonia, accounting for a 95% share of total exports. It was followed by Lithuania (X kg), with a 2.2% share of total exports. Russia (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-23.0% per year) and Russia (-44.8% per year).

In value terms, Latvia ($X) remains the key foreign market for non-refractory clay constructional products exports from Estonia, comprising 81% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 16% share of total exports. It was followed by Russia, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia totaled +37.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-15.2% per year) and Russia (-44.5% per year).

Export Prices by Country

In 2022, the average non-refractory clay constructional products export price amounted to $X per ton, rising by 3% against the previous year. Overall, the export price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 145%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Lithuania ($X per ton), while the average price for exports to Finland ($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 (+98.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Refractory Clay Constructional Products

Imports into Estonia

In 2022, supplies from abroad of non-refractory clay constructional products increased by 16% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 69%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-refractory clay constructional products imports soared to $X in 2022. In general, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 99%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Lithuania (X tons), Portugal (X tons) and Latvia (X tons) were the main suppliers of non-refractory clay constructional products imports to Estonia, together accounting for 12% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +221.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-refractory clay constructional products suppliers to Estonia were Portugal ($X), Lithuania ($X) and Latvia ($X), with a combined 16% share of total imports.

Latvia, with a CAGR of +145.5%, saw 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

In 2022, the average non-refractory clay constructional products import price amounted to $X per ton, rising by 14% against the previous year. Overall, the import price, however, recorded a pronounced descent. The growth pace was the most rapid in 2016 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Latvia ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform