Estonia: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Estonia

In 2022, the Estonian rosin and resin acids market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Rosin And Resin Acids And Derivatives

Exports from Estonia

Rosin and resin acids exports from Estonia surged to X tons in 2022, rising by X% on the year before. Overall, exports, however, saw a dramatic contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rosin and resin acids exports surged to $X in 2022. In general, exports, however, recorded a sharp curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X kg) was the main destination for rosin and resin acids exports from Estonia, with a X% share of total exports. Moreover, rosin and resin acids exports to Latvia exceeded the volume sent to the second major destination, Russia (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Norway (X% per year).

In value terms, Latvia ($X) emerged as the key foreign market for rosin and resin acids and derivatives exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the average rosin and resin acids export price amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded a modest expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Norway ($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 Cameroon (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rosin And Resin Acids And Derivatives

Imports into Estonia

Rosin and resin acids imports into Estonia dropped significantly to X tons in 2022, which is down by X% against 2021. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, rosin and resin acids imports contracted modestly to $X in 2022. Over the period under review, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of rosin and resin acids to Estonia, accounting for a X% share of total imports. Moreover, rosin and resin acids imports from Sweden exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and China (X% per year).

In value terms, Sweden ($X) constituted the largest supplier of rosin and resin acids and derivatives to Estonia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and China (X% per year).

Import Prices by Country

The average rosin and resin acids import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rosin and resin acids import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform