Estonia: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Estonia

In 2022, the Estonian saturated acyclic hydrocarbons market decreased by -22.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Production in Estonia

In value terms, saturated acyclic hydrocarbons production rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +77.2% against 2014 indices. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in years to come.

Saturated Acyclic Hydrocarbons Exports

Exports from Estonia

In 2022, approx. X tons of saturated acyclic hydrocarbons were exported from Estonia; jumping by 17,798% against 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 2,830,009% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic hydrocarbons exports surged to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 118,930%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons), the United States (X tons) and Argentina (X tons) were the main destinations of saturated acyclic hydrocarbons exports from Estonia, together accounting for 99.9% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Guatemala ($X), the United States ($X) and Argentina ($X) were the largest markets for saturated acyclic hydrocarbons exported from Estonia worldwide, with a combined 100% share of total exports.

Guatemala, with a CAGR of 0.0%, 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 a decline.

Export Prices by Country

In 2022, the average saturated acyclic hydrocarbons export price amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 1,210% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the United States ($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 Argentina (+19.7%), while the prices for the other major destinations experienced mixed trend patterns.

Saturated Acyclic Hydrocarbons Imports

Imports into Estonia

In 2022, imports of saturated acyclic hydrocarbons into Estonia fell to X tons, waning by -11.2% compared with 2021. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 222% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, saturated acyclic hydrocarbons imports fell slightly to $X in 2022. In general, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by 254%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) was the main supplier of saturated acyclic hydrocarbons to Estonia, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled -15.4%.

In value terms, Russia ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Estonia.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled -10.7%.

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2022, growing by 9.9% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saturated acyclic hydrocarbons import price increased by +119.1% against 2014 indices. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +5.6% per year.

Source: IndexBox Platform