Estonia: Other Papers Packaging Market 2024

Other Papers Packaging Market Size in Estonia

In 2022, the Estonian other papers packaging market increased by 37% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Papers Packaging Production in Estonia

In value terms, other papers packaging production rose sharply to $X in 2022 estimated in export price. Over the period under review, production showed a deep reduction. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Other Papers Packaging Exports

Exports from Estonia

In 2022, approx. X tons of other papers packaging were exported from Estonia; waning by -18.9% compared with 2021 figures. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 428% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, other papers packaging exports fell remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 279% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for other papers packaging exports from Estonia, with a 60% share of total exports. Moreover, other papers packaging exports to Russia exceeded the volume sent to the second major destination, Sweden (X tons), eightfold. The third position in this ranking was held by Finland (X tons), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +86.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+31.2% per year) and Finland (+7.3% per year).

In value terms, Russia ($X) emerged as the key foreign market for other papers packaging exports from Estonia, comprising 34% of total exports. The second position in the ranking was taken by Finland ($X), with a 12% share of total exports. It was followed by Lithuania, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +74.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+8.0% per year) and Lithuania (+45.7% per year).

Export Prices by Country

In 2022, the average other papers packaging export price amounted to $X per ton, with an increase of 2.9% against the previous year. In general, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($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 (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Other Papers Packaging Imports

Imports into Estonia

In 2022, purchases abroad of other papers packaging increased by 8.4% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +9.0% 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 +77.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, other papers packaging imports surged to $X in 2022. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of 121%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Russia (X tons), the UK (X tons) and Sweden (X tons) were the main suppliers of other papers packaging imports to Estonia, together comprising 73% of total imports. Germany, the Netherlands, Finland and Belgium lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +92.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of other papers packaging to Estonia, comprising 48% of total imports. The second position in the ranking was held by Russia ($X), with a 23% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +45.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+59.2% per year) and Germany (+82.2% per year).

Import Prices by Country

In 2022, the average other papers packaging import price amounted to $X per ton, picking up by 25% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other papers packaging import price increased by +96.4% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($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 UK (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform