Estonia: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Estonia

The Estonian market for other plastic tubes, pipes and hoses dropped to $X in 2022, with a decrease of -2.3% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +22.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then declined modestly in the following year.

Production of Other Plastic Tubes, Pipes and Hoses in Estonia

In value terms, production of other plastic tubes, pipes and hoses reached $X in 2022 estimated in export price. Over the period under review, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 135% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Estonia

In 2022, the amount of other plastic tubes, pipes and hoses exported from Estonia skyrocketed to X tons, rising by 23% against the previous year. Overall, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 242%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of other plastic tubes, pipes and hoses shrank significantly to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 193%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons), the United States (X tons) and Lithuania (X tons) were the main destinations of exports of other plastic tubes, pipes and hoses from Estonia, with a combined 62% share of total exports. Russia, Finland, Romania and Armenia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +296.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other plastic tubes, pipes and hoses exported from Estonia were Latvia ($X), Lithuania ($X) and Russia ($X), with a combined 71% share of total exports. Finland, Armenia, the United States and Romania lagged somewhat behind, together comprising a further 17%.

Armenia, with a CAGR of +319.6%, recorded the highest growth rate of 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 export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, falling by -31.3% against the previous year. Overall, the export price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 when the average export price increased by 63% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to the United States ($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 Russia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Estonia

In 2022, approx. X tons of other plastic tubes, pipes and hoses were imported into Estonia; shrinking by -4.8% on the year before. In general, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 73% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of other plastic tubes, pipes and hoses expanded notably to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest other plastic tubes, pipes and hoses supplier to Estonia, accounting for a 37% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+27.9% per year) and China (+3.4% per year).

In value terms, Germany ($X) constituted the largest supplier of other plastic tubes, pipes and hoses to Estonia, comprising 31% of total imports. The second position in the ranking was held by Sweden ($X), with a 15% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+15.7% per year) and Poland (+32.9% per year).

Import Prices by Country

In 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, surging by 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 23% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Sweden ($X per ton), while the price for Latvia ($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 (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform