Estonia: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Estonia

In 2022, the Estonian paper and paperboard market decreased by -18.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Paper and paperboard consumption peaked at $X in 2021, and then fell remarkably in the following year.

Paper And Paperboard Exports

Exports from Estonia

For the fourth year in a row, Estonia recorded growth in shipments abroad of paper and paperboard (creped, crinkled, embossed or perforated), which increased by 91% to X tons in 2022. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 161%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, paper and paperboard exports surged to $X in 2022. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Finland (X tons) was the main destination for paper and paperboard exports from Estonia, accounting for a 64% share of total exports. Moreover, paper and paperboard exports to Finland exceeded the volume sent to the second major destination, Latvia (X tons), twofold. Russia (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Finland stood at +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+6.7% per year) and Russia (-4.6% per year).

In value terms, Finland ($X), Latvia ($X) and Russia ($X) constituted the largest markets for paper and paperboard exported from Estonia worldwide, with a combined 98% share of total exports.

In terms of the main countries of destination, Finland, with a CAGR of +36.6%, 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

The average paper and paperboard export price stood at $X per ton in 2022, waning by -17.6% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2014 an increase of 44%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Latvia ($X per ton) and Russia ($X per ton), while the average price for exports to Finland ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into Estonia

After three years of growth, supplies from abroad of paper and paperboard (creped, crinkled, embossed or perforated) decreased by -3.8% to X tons in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +9.5% 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 +13.2% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 43%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, paper and paperboard imports totaled $X in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 60%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of paper and paperboard to Estonia, accounting for a 79% share of total imports. It was followed by Lithuania (X tons), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+41.2% per year) and the UK (+81.1% per year).

In value terms, Sweden ($X) constituted the largest supplier of paper and paperboard (creped, crinkled, embossed or perforated) to Estonia, comprising 57% of total imports. The second position in the ranking was taken by the UK ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+78.4% per year) and Lithuania (+42.1% per year).

Import Prices by Country

The average paper and paperboard import price stood at $X per ton in 2022, growing by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform