Estonia: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Estonia

The Estonian knitted shawl and scarf market contracted markedly to $X in 2022, falling by -34.7% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Estonia

In value terms, knitted shawl and scarf production surged to $X in 2022 estimated in export price. Overall, production, however, saw noticeable growth. The pace of growth appeared the most rapid in 2016 with an increase of 95% against the previous year. Knitted shawl and scarf production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Estonia

In 2022, overseas shipments of shawls, scarves and the like of knitted or crocheted textiles increased by 41% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 110% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf exports fell sharply to $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 120%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for knitted shawl and scarf exports from Estonia, accounting for a 70% share of total exports. Moreover, knitted shawl and scarf exports to Norway exceeded the volume sent to the second major destination, Finland (X units), sevenfold. Russia (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-15.6% per year) and Russia (-32.0% per year).

In value terms, Norway ($X) remains the key foreign market for shawls, scarves and the like of knitted or crocheted textiles exports from Estonia, comprising 54% of total exports. The second position in the ranking was held by Latvia ($X), with a 13% share of total exports. It was followed by Lithuania, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-11.0% per year) and Lithuania (-13.9% per year).

Export Prices by Country

The average knitted shawl and scarf export price stood at $X per unit in 2022, shrinking by -48.4% against the previous year. Overall, the export price, however, continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 112% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Estonia

In 2022, approx. X units of shawls, scarves and the like of knitted or crocheted textiles were imported into Estonia; falling by -19.5% on the previous year. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2017 when imports increased by 65%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf imports shrank significantly to $X in 2022. Over the period under review, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 51%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest knitted shawl and scarf supplier to Estonia, accounting for a 54% share of total imports. Moreover, knitted shawl and scarf imports from China exceeded the figures recorded by the second-largest supplier, Peru (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+48.7% per year) and Italy (-14.4% per year).

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Estonia, comprising 54% of total imports. The second position in the ranking was taken by Peru ($X), with a 16% share of total imports. It was followed by Italy, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+46.3% per year) and Italy (-15.6% per year).

Import Prices by Country

In 2022, the average knitted shawl and scarf import price amounted to $X per unit, shrinking by -3.1% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and Germany ($X per unit), while the price for Norway ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform