Estonia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Estonia

The Estonian phosphinates and phosphonates market rose slightly to $X in 2022, surging by 2.3% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Phosphinates And Phosphonates Production in Estonia

In value terms, phosphinates and phosphonates production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period 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 2014 when the production volume increased by 20%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from Estonia

Phosphinates and phosphonates exports from Estonia contracted rapidly to X tons in 2022, waning by -52.1% compared with the previous year. In general, exports, however, saw significant growth. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, phosphinates and phosphonates exports fell notably to $X in 2022. Overall, exports, however, showed a significant expansion. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Finland (X kg) was the main destination for phosphinates and phosphonates exports from Estonia, accounting for a 80% share of total exports. Moreover, phosphinates and phosphonates exports to Finland exceeded the volume sent to the second major destination, Latvia (X kg), sevenfold.

From 2017 to 2022, the average annual growth rate of volume to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (0.0% per year) and Spain (0.0% per year).

In value terms, Finland ($X) emerged as the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Estonia, comprising 80% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Latvia (0.0% per year).

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, reducing by -9.3% against the previous year. Overall, the export price, however, recorded a remarkable increase. The export price peaked at $X per ton in 2021, and then fell in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Estonia

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) imported into Estonia soared to X tons, growing by 47% compared with 2021. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 9,900%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates imports reduced notably to $X in 2022. Overall, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 11,975% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of phosphinates and phosphonates to Estonia, with a 83% share of total imports. Moreover, phosphinates and phosphonates imports from Lithuania exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Lithuania was relatively modest.

In value terms, Lithuania ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Estonia, comprising 84% of total imports. The second position in the ranking was taken by France ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Lithuania was relatively modest.

Import Prices by Country

In 2022, the average phosphinates and phosphonates import price amounted to $X per ton, waning by -62.9% against the previous year. In general, the import price, however, showed a mild expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 163% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-1.4%).

Source: IndexBox Platform