Estonia: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Estonia

After two years of growth, the Estonian prepared additives for cements market decreased by -3.1% to $X in 2022. In general, consumption, however, showed buoyant growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Prepared Additives For Cements, Mortars Or Concretes in Estonia

In value terms, prepared additives for cements production expanded notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate resilient growth. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Prepared additives for cements production peaked in 2022 and is expected to retain growth in years to come.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Estonia

In 2022, shipments abroad of prepared additives for cements, mortars or concretes decreased by -3.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 201%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared additives for cements exports dropped to $X in 2022. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 178% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for prepared additives for cements exports from Estonia, with a 72% share of total exports. Moreover, prepared additives for cements exports to Lithuania exceeded the volume sent to the second major destination, Latvia (X tons), threefold. Finland (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania totaled +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-13.9% per year) and Finland (-7.1% per year).

In value terms, Lithuania ($X) remains the key foreign market for prepared additives for cements, mortars or concretes exports from Estonia, comprising 71% of total exports. The second position in the ranking was held by Latvia ($X), with a 22% share of total exports. It was followed by Finland, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to Lithuania totaled +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-18.1% per year) and Finland (-20.5% per year).

Export Prices by Country

In 2022, the average prepared additives for cements export price amounted to $X per ton, waning by -3.3% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the 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 Ukraine ($X per ton), while the average price for exports to Finland ($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 Ukraine (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Estonia

Prepared additives for cements imports into Estonia declined significantly to X tons in 2022, shrinking by -18.1% on the previous year's figure. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 309%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports shrank to $X in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 406% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of prepared additives for cements to Estonia, accounting for a 45% share of total imports. Moreover, prepared additives for cements imports from Norway exceeded the figures recorded by the second-largest supplier, Latvia (X tons), twofold. Finland (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Norway stood at +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+18.2% per year) and Finland (+23.1% per year).

In value terms, the largest prepared additives for cements suppliers to Estonia were Finland ($X), Norway ($X) and Latvia ($X), together accounting for 74% of total imports.

In terms of the main suppliers, Finland, with a CAGR of +44.1%, recorded the highest growth rate of the value of imports, 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 prepared additives for cements import price amounted to $X per ton, surging by 3.8% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 an increase of 99% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 Finland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform