Estonia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Estonia

The Estonian propylene polymer rigid pipes market declined dramatically to $X in 2022, waning by -20.7% against the previous year. Over the period under review, consumption saw a noticeable decrease. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Estonia

In value terms, propylene polymer rigid pipes production fell to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 137%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Estonia

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were exported from Estonia; dropping by -67.1% against the year before. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 55% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, propylene polymer rigid pipes exports contracted notably to $X in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for propylene polymer rigid pipes exports from Estonia, with a 63% share of total exports. Moreover, propylene polymer rigid pipes exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X tons), threefold. The third position in this ranking was held by Sweden (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+7.8% per year) and Sweden (+22.0% per year).

In value terms, Latvia ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Estonia, comprising 60% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 23% share of total exports. It was followed by Sweden, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to Latvia amounted to -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+12.4% per year) and Sweden (+27.2% per year).

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. The export price peaked 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 ($X per ton), while the average price for exports to Poland ($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 (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Estonia

In 2022, imports of rigid tubes, pipes and hoses of polymers of propylene into Estonia dropped significantly to X tons, reducing by -64.6% against 2021. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 29% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, propylene polymer rigid pipes imports shrank markedly to $X in 2022. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Finland (X tons), Lithuania (X tons) and Sweden (X tons) were the main suppliers of propylene polymer rigid pipes imports to Estonia, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +24.2%), while imports for the other leaders experienced a decline.

In value terms, the largest propylene polymer rigid pipes suppliers to Estonia were Finland ($X), Poland ($X) and Sweden ($X), together comprising 68% of total imports. Lithuania and Latvia lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, Lithuania, with a CAGR of +20.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, with an increase of 5.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain 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 ($X per ton), while the price for Lithuania ($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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform