Estonia: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Estonia

After three years of growth, the Estonian saturated acyclic monocarboxylic acids market decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a mild descent. Saturated acyclic monocarboxylic acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Saturated Acyclic Monocarboxylic Acids in Estonia

In value terms, saturated acyclic monocarboxylic acids production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep slump. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Saturated acyclic monocarboxylic acids production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Estonia

Saturated acyclic monocarboxylic acids exports from Estonia skyrocketed to X tons in 2022, picking up by X% on the previous year. Over the period under review, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids exports reduced to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Estonia, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to Lithuania exceeded the volume sent to the second major destination, Finland (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Russia (X% per year).

In value terms, the largest markets for saturated acyclic monocarboxylic acids exported from Estonia were Russia ($X), Lithuania ($X) and Finland ($X), together accounting for X% of total exports.

Among the main countries of destination, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, showed resilient growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Estonia

In 2022, after three years of growth, there was significant decline in purchases abroad of saturated acyclic monocarboxylic acids, when their volume decreased by X% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, saturated acyclic monocarboxylic acids imports reached $X in 2022. Overall, imports, however, saw a temperate expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Finland (X tons) constituted the largest saturated acyclic monocarboxylic acids supplier to Estonia, with a X% share of total imports. Moreover, saturated acyclic monocarboxylic acids imports from Finland exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Lithuania (X tons), with an X% share.

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

In value terms, the largest saturated acyclic monocarboxylic acids suppliers to Estonia were Finland ($X), Latvia ($X) and China ($X), together comprising X% of total imports. Malaysia, Lithuania, Belgium, Germany, Italy, Poland, the UK, Turkey, Russia and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a strong expansion 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, saturated acyclic monocarboxylic acids import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform