Estonia: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Estonia

The Estonian market for organo-sulphur compounds and other organo-inorganic compounds surged to $X in 2022, with an increase of 24% against the previous year. Over the period under review, consumption, however, continues to indicate a slight increase. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Estonia

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds rose notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 89% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Estonia

In 2022, shipments abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 270% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds skyrocketed to $X in 2022. In general, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Uzbekistan (X tons) and Azerbaijan (X tons) were the main destinations of exports of organo-sulphur compounds and other organo-inorganic compounds from Estonia, with a combined 97% share of total exports. These countries were followed by Israel, which accounted for a further 1.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from Estonia were Russia ($X), Uzbekistan ($X) and Azerbaijan ($X), with a combined 88% share of total exports. These countries were followed by Israel, which accounted for a further 3%.

Israel, with a CAGR of +29.1%, recorded the highest rates of growth with regard to 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 export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, growing by 160% against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Uzbekistan ($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 Israel (+8.8%), while the prices for the other major destinations experienced a decline.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Estonia

After three years of decline, purchases abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 24% to X tons in 2022. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds surged to $X in 2022. In general, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), China (X tons) and Hungary (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Estonia, with a combined 66% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +58.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Estonia were Belgium ($X), China ($X) and Hungary ($X), with a combined 30% share of total imports.

Hungary, with a CAGR of +40.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, rising by 88% against the previous year. Over the period under review, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform