Estonia: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Estonia

The Estonian market for plastics pipes and pipe fittings dropped to $X in 2022, shrinking by -6.5% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Plastics pipe and pipe fitting consumption peaked at $X in 2021, and then contracted in the following year.

Production of Plastics Pipes And Pipe Fittings in Estonia

In value terms, plastics pipe and pipe fitting production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in years to come.

Exports of Plastics Pipes And Pipe Fittings

Exports from Estonia

In 2022, plastics pipe and pipe fitting exports from Estonia reduced to X tons, falling by -9.6% against 2021 figures. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 27% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastics pipe and pipe fitting exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell modestly in the following year.

Exports by Country

Lithuania (X tons), Finland (X tons) and Latvia (X tons) were the main destinations of plastics pipe and pipe fitting exports from Estonia, together accounting for 84% of total exports. Sweden, Norway, Denmark, Poland and Russia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +36.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastics pipe and pipe fitting exported from Estonia were Lithuania ($X), Latvia ($X) and Finland ($X), with a combined 81% share of total exports. Norway, Sweden, Denmark, Russia and Poland lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, Norway, with a CAGR of +37.0%, 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 export price for plastics pipes and pipe fittings stood at $X per ton in 2022, rising by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Denmark ($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 (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Estonia

In 2022, the amount of plastics pipes and pipe fittings imported into Estonia shrank markedly to X tons, declining by -19.7% on 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. Imports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, plastics pipe and pipe fitting imports reduced to $X in 2022. In general, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +29.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

Lithuania (X tons), Finland (X tons) and Poland (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Estonia, with a combined 60% share of total imports. Sweden, Latvia, Germany and Italy lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +7.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Estonia were Finland ($X), Poland ($X) and Sweden ($X), with a combined 44% share of total imports. Lithuania, Germany, Latvia and Italy lagged somewhat behind, together comprising a further 35%.

Latvia, with a CAGR of +8.2%, saw the highest rates of growth with regard to the value of imports, among 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 import price for plastics pipes and pipe fittings amounted to $X per ton, rising by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Lithuania ($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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform