Estonia: Particle Board Market 2025

Particle Board Market Size in Estonia

In 2022, the Estonian particle board market increased by 31% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Particle Board Production in Estonia

In value terms, particle board production declined markedly to $X in 2022 estimated in export price. In general, production continues to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of 118%. Particle board production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Particle Board Exports

Exports from Estonia

In 2022, approx. X cubic meters of particle board were exported from Estonia; with a decrease of -57.8% on the year before. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, particle board exports shrank remarkably to $X in 2022. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of 30%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X cubic meters), Sweden (X cubic meters) and Lithuania (X cubic meters) were the main destinations of particle board exports from Estonia, with a combined 83% share of total exports. Poland, Denmark and Latvia lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of -2.2%), while shipments for the other leaders experienced a decline.

In value terms, Finland ($X), Sweden ($X) and Lithuania ($X) were the largest markets for particle board exported from Estonia worldwide, together accounting for 85% of total exports. Denmark, Poland and Latvia lagged somewhat behind, together accounting for a further 9%.

Among the main countries of destination, Denmark, with a CAGR of -0.2%, 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 a decline.

Export Prices by Country

In 2022, the average particle board export price amounted to $X per cubic meter, jumping by 40% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board export price increased by +91.0% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per cubic meter), while the average price for exports to Poland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Estonia

In 2022, the amount of particle board imported into Estonia expanded to X cubic meters, with an increase of 4.8% against 2021. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +84.9% against 2012 indices. The growth pace was the most rapid in 2015 with an increase of 14% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, particle board imports rose markedly to $X in 2022. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Latvia (X cubic meters) constituted the largest particle board supplier to Estonia, with a 40% share of total imports. Moreover, particle board imports from Latvia exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), twofold. Russia (X cubic meters) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.9% per year) and Russia (+62.8% per year).

In value terms, the largest particle board suppliers to Estonia were Latvia ($X), Poland ($X) and Russia ($X), together comprising 65% of total imports.

Russia, with a CAGR of +54.9%, 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 particle board import price amounted to $X per cubic meter, leveling off at the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, particle board import price increased by +49.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 49% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform