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

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

In 2022, the Estonian market for rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -27.6% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a mild shrinkage. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2021, and then contracted significantly in the following year.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Estonia

In value terms, vinyl chloride polymer rigid pipes production contracted significantly to $X in 2022 estimated in export price. In general, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 78% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Estonia

Vinyl chloride polymer rigid pipes exports from Estonia reduced remarkably to X tons in 2022, falling by -64.4% on 2021 figures. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 58% 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 lower figure.

In value terms, vinyl chloride polymer rigid pipes exports fell markedly to $X in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 80% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Lithuania (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Estonia, with a 75% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Lithuania exceeded the volume sent to the second major destination, Latvia (X tons), threefold. The third position in this ranking was held by Finland (X tons), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania stood at -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-21.9% per year) and Finland (-31.1% per year).

In value terms, Lithuania ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Estonia, comprising 69% of total exports. The second position in the ranking was taken by Latvia ($X), with a 24% share of total exports. It was followed by Russia, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to Lithuania amounted to -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-18.8% per year) and Russia (-32.9% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, rising by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Sweden ($X per ton), while the average price for exports to Lithuania ($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 Sweden (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Estonia

In 2022, imports of rigid tubes, pipes and hoses of polymers of vinyl chloride into Estonia contracted to X tons, dropping by -13.8% compared with 2021 figures. In general, imports showed a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, vinyl chloride polymer rigid pipes imports amounted to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest vinyl chloride polymer rigid pipes supplier to Estonia, accounting for a 51% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Poland exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. Sweden (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-1.6% per year) and Sweden (-1.2% per year).

In value terms, Poland ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Estonia, comprising 45% of total imports. The second position in the ranking was held by Finland ($X), with an 18% share of total imports. It was followed by Sweden, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+3.2% per year) and Sweden (-2.7% per year).

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Latvia ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform