Estonia: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Estonia

The Estonian market for self-adhesive plastic tape in rolls of a width under 20cm skyrocketed to $X in 2022, growing by 26% against the previous year. In general, consumption continues to indicate a remarkable increase. Consumption of peaked in 2022 and is likely to see gradual growth in years to come.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Estonia

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm reduced to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 101% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Estonia

After three years of growth, shipments abroad of self-adhesive plastic tape in rolls of a width under 20cm decreased by -17.4% to X tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 79%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm declined remarkably to $X in 2022. Overall, total exports indicated a mild 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, exports increased by +34.2% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 29%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Finland (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Estonia, accounting for a 38% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to Finland exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Lithuania (X tons), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland amounted to +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+48.9% per year) and Lithuania (+26.0% per year).

In value terms, the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Estonia were Finland ($X), Sweden ($X) and Lithuania ($X), with a combined 63% share of total exports.

Sweden, with a CAGR of +54.9%, saw the highest growth rate of 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 export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, showed pronounced growth. The growth pace was the most rapid in 2017 an increase of 76%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the UK ($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 Poland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Estonia

Imports of self-adhesive plastic tape in rolls of a width under 20cm into Estonia expanded significantly to X tons in 2022, increasing by 13% against the previous year. In general, imports recorded prominent growth. The growth pace was the most rapid in 2014 with an increase of 51%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm rose rapidly to $X in 2022. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Estonia, accounting for a 31% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from Germany exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+9.0% per year) and Poland (+15.7% per year).

In value terms, Germany ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Estonia, comprising 32% of total imports. The second position in the ranking was taken by Finland ($X), with an 11% share of total imports. It was followed by Italy, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+10.7% per year) and Italy (+0.7% per year).

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, shrinking by -2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2016 when the average import price increased by 20%. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

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 UK ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform