Estonia: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Estonia

The Estonian reaction initiators and accelerators market was estimated at $X in 2022, with an increase of 6.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a buoyant increase. Reaction initiators and accelerators consumption peaked in 2022 and is likely to see steady growth in years to come.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Estonia

Reaction initiators and accelerators exports from Estonia skyrocketed to X tons in 2022, growing by 726% against the year before. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, reaction initiators and accelerators exports soared to $X in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 404%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Ukraine (X tons) was the main destination for reaction initiators and accelerators exports from Estonia, with a 80% share of total exports. Moreover, reaction initiators and accelerators exports to Ukraine exceeded the volume sent to the second major destination, the United States (X tons), ninefold. The third position in this ranking was taken by Russia (X tons), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Ukraine amounted to +115.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+84.3% per year) and Russia (+7.0% per year).

In value terms, the largest markets for reaction initiators and accelerators exported from Estonia were the United States ($X), Ukraine ($X) and Kazakhstan ($X), together accounting for 91% of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of +95.4%, recorded the highest growth rate of 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

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, which is down by -74.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 79%. The export price peaked at $X per ton in 2021, and then declined sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ukraine ($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 Kazakhstan (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Estonia

For the third year in a row, Estonia recorded growth in purchases abroad of reaction initiators, reaction accelerators and catalytic preparations, which increased by 11% to X tons in 2022. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 110%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, reaction initiators and accelerators imports skyrocketed to $X in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Finland (X tons) was the main supplier of reaction initiators and accelerators to Estonia, accounting for a 91% share of total imports. Moreover, reaction initiators and accelerators imports from Finland exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume from Finland stood at +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+33.1% per year) and Germany (+5.8% per year).

In value terms, Finland ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Estonia, comprising 50% of total imports. The second position in the ranking was held by Russia ($X), with a 24% share of total imports. It was followed by Germany, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Finland totaled +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+46.1% per year) and Germany (+6.2% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, surging by 88% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform