Estonia: Sack Kraft Paper Market 2024

Sack Kraft Paper Market Size in Estonia

The Estonian sack kraft paper market surged to $X in 2022, with an increase of 43% against the previous year. In general, consumption continues to indicate noticeable growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sack Kraft Paper Production in Estonia

In value terms, sack kraft paper production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +69.0% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by 45% against the previous year. Sack kraft paper production peaked in 2022 and is expected to retain growth in years to come.

Sack Kraft Paper Exports

Exports from Estonia

In 2022, overseas shipments of sack kraft paper decreased by -30.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 14%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sack kraft paper exports expanded to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 51% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and Egypt (X tons) were the main destinations of sack kraft paper exports from Estonia, with a combined 44% share of total exports. Denmark, Romania, the UK, Sweden, Morocco, Poland, the Netherlands, Saudi Arabia, Turkey and Spain lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +40.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sack kraft paper exported from Estonia were Italy ($X), Germany ($X) and Egypt ($X), with a combined 48% share of total exports. Romania, the UK, Sweden, Poland, Morocco, Denmark, the Netherlands, Saudi Arabia, Turkey and Spain lagged somewhat behind, together accounting for a further 33%.

Sweden, with a CAGR of +49.9%, recorded the highest rates of growth with regard to 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 sack kraft paper export price stood at $X per ton in 2022, picking up by 50% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sack kraft paper export price increased by +98.3% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($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 (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sack Kraft Paper Imports

Imports into Estonia

In 2022, the amount of sack kraft paper imported into Estonia soared to X tons, with an increase of 297% against the previous year. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sack kraft paper imports soared to $X in 2022. In general, imports saw a buoyant expansion. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Russia (X tons) and Lithuania (X tons) were the main suppliers of sack kraft paper imports to Estonia, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +1,238.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of sack kraft paper to Estonia, comprising 57% of total imports. The second position in the ranking was held by Russia ($X), with a 26% share of total imports. It was followed by Lithuania, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +626.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+15.0% per year) and Lithuania (+17.2% per year).

Import Prices by Country

The average sack kraft paper import price stood at $X per ton in 2022, rising by 49% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 66%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 the Netherlands ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+71.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform