Estonia: Market for Printing and Writing Paper 2024

Market Size for Printing and Writing Paper in Estonia

The Estonian printing and writing paper market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption continues to indicate a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Printing and Writing Paper in Estonia

In value terms, printing and writing paper production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Printing and Writing Paper

Exports from Estonia

In 2022, the amount of printing and writing paper exported from Estonia surged to X tons, increasing by 205% against 2021 figures. Overall, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, printing and writing paper exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Lebanon (X tons) and Latvia (X tons) were the main destinations of printing and writing paper exports from Estonia, with a combined 75% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of +131.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for printing and writing paper exports from Estonia, comprising 56% of total exports. The second position in the ranking was held by Lebanon ($X), with a 13% share of total exports. It was followed by Latvia, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+150.9% per year) and Latvia (-16.8% per year).

Export Prices by Country

The average printing and writing paper export price stood at $X per ton in 2022, increasing by 5.3% against the previous year. Overall, export price indicated a tangible increase 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, printing and writing paper export price increased by +18.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 46%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lebanon ($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 Lebanon (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Printing and Writing Paper

Imports into Estonia

In 2022, approx. X tons of printing and writing paper were imported into Estonia; falling by -3.5% compared with 2021. In general, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 4.9%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, printing and writing paper imports surged to $X in 2022. Over the period under review, imports saw a slight decrease. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of printing and writing paper imports to Estonia, together accounting for 69% of total imports. Belgium, Slovakia, Austria, Portugal and Poland lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +54.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Sweden ($X) and Germany ($X) were the largest printing and writing paper suppliers to Estonia, with a combined 61% share of total imports. Poland, Slovakia, Austria, Belgium and Portugal lagged somewhat behind, together comprising a further 30%.

Belgium, with a CAGR of +49.7%, saw the highest growth rate of 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

The average printing and writing paper import price stood at $X per ton in 2022, picking up by 33% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. 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 Poland ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform