Estonia: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in Estonia

The Estonian self-adhesive printed label market shrank dramatically to $X in 2022, declining by -31.2% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Self-Adhesive Printed Label Production in Estonia

In value terms, self-adhesive printed label production contracted slightly to $X in 2022 estimated in export price. In general, production, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X, and then declined modestly in the following year.

Self-Adhesive Printed Label Exports

Exports from Estonia

After four years of growth, shipments abroad of self-adhesive printed labels decreased by -8.1% to X tons in 2022. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 81% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, self-adhesive printed label exports expanded to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2018 with an increase of 76%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for self-adhesive printed label exports from Estonia, accounting for a 67% share of total exports. Moreover, self-adhesive printed label exports to Finland exceeded the volume sent to the second major destination, Sweden (X tons), fivefold. The third position in this ranking was held by Latvia (X tons), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland amounted to +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+13.5% per year) and Latvia (+30.3% per year).

In value terms, Finland ($X) remains the key foreign market for self-adhesive printed labels exports from Estonia, comprising 56% of total exports. The second position in the ranking was taken by Sweden ($X), with a 19% share of total exports. It was followed by Latvia, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+14.4% per year) and Latvia (+18.8% per year).

Export Prices by Country

The average self-adhesive printed label export price stood at $X per ton in 2022, increasing by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Russia ($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 Denmark (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Adhesive Printed Label Imports

Imports into Estonia

In 2022, purchases abroad of self-adhesive printed labels decreased by -26.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a modest increase. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, self-adhesive printed label imports reduced modestly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank modestly in the following year.

Imports by Country

Lithuania (X tons), the Netherlands (X tons) and Latvia (X tons) were the main suppliers of self-adhesive printed label imports to Estonia, together comprising 54% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +44.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Finland ($X) and Lithuania ($X) constituted the largest self-adhesive printed label suppliers to Estonia, with a combined 45% share of total imports. The Netherlands, Sweden, Poland and Germany lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, the Netherlands, with a CAGR of +29.8%, 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

The average self-adhesive printed label import price stood at $X per ton in 2022, jumping by 30% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Sweden ($X per ton), while the price for the Netherlands ($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 (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform