Estonia: Market for Pulp From Fibres Other Than Wood 2024

Market Size for Pulp From Fibres Other Than Wood in Estonia

After three years of growth, the Estonian market for pulp from fibres other than wood decreased by -22% to $X in 2022. Overall, consumption showed a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Pulp From Fibres Other Than Wood in Estonia

In value terms, production of pulp from fibres other than wood stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Pulp From Fibres Other Than Wood

Exports from Estonia

After three years of decline, overseas shipments of pulp from fibres other than wood increased by 83% to X tons in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 61,821% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pulp from fibres other than wood skyrocketed to $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 8,000% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main destinations of exports of pulp from fibres other than wood from Estonia, with a combined 97% 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 the Netherlands (with a CAGR of +522.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pulp from fibres other than wood exported from Estonia were the Netherlands ($X), Germany ($X) and France ($X), with a combined 96% share of total exports.

The Netherlands, with a CAGR of +518.3%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 pulp from fibres other than wood stood at $X per ton in 2022, rising by 10% against the previous year. Over the period under review, the export price showed a remarkable increase. The growth pace was the most rapid in 2013 an increase of 783%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per ton) and Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+406.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pulp From Fibres Other Than Wood

Imports into Estonia

In 2022, purchases abroad of pulp from fibres other than wood increased by 102% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2014 with an increase of 307% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of pulp from fibres other than wood soared to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 448%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of pulp from fibres other than wood to Estonia, accounting for a 81% share of total imports. Moreover, imports of pulp from fibres other than wood from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +14.4%.

In value terms, Germany ($X) constituted the largest supplier of pulp from fibres other than wood to Estonia, comprising 80% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +23.4%.

Import Prices by Country

In 2022, the average import price for pulp from fibres other than wood amounted to $X per ton, declining by -26.5% against the previous year. In general, the import price, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 95% against the previous year. The import price peaked at $X per ton in 2021, and then shrank notably 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 Belgium ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform