Estonia: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Estonia

The Estonian cellulose fibrecement sheet market surged to $X in 2022, jumping by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a resilient expansion. Cellulose fibrecement sheet consumption peaked in 2022 and is expected to retain growth in years to come.

Cellulose Fibrecement Sheet Exports

Exports from Estonia

In 2022, overseas shipments of sheets, panels and tiles of cellulose fibrecement increased by 175% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 409%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, cellulose fibrecement sheet exports surged to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 733% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for cellulose fibrecement sheet exports from Estonia, accounting for a 41% share of total exports. Moreover, cellulose fibrecement sheet exports to Finland exceeded the volume sent to the second major destination, Latvia (X tons), twofold. Denmark (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland stood at +83.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+174.4% per year) and Denmark (0.0% per year).

In value terms, Finland ($X) remains the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Estonia, comprising 50% of total exports. The second position in the ranking was held by Latvia ($X), with a 22% share of total exports. It was followed by Denmark, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland amounted to +89.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+187.7% per year) and Denmark (0.0% per year).

Export Prices by Country

In 2022, the average cellulose fibrecement sheet export price amounted to $X per ton, waning by -43.9% against the previous year. Overall, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 73%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then fell sharply in the following year.

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 Norway ($X per ton), while the average price for exports to Bulgaria ($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 Norway (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Estonia

For the third year in a row, Estonia recorded growth in purchases abroad of sheets, panels and tiles of cellulose fibrecement, which increased by 14% to X tons in 2022. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cellulose fibrecement sheet imports surged to $X in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 56% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest cellulose fibrecement sheet supplier to Estonia, accounting for a 67% share of total imports. Moreover, cellulose fibrecement sheet imports from Lithuania 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 a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+11.4% per year) and Poland (-3.3% per year).

In value terms, the largest cellulose fibrecement sheet suppliers to Estonia were Lithuania ($X), Finland ($X) and Italy ($X), together accounting for 87% of total imports. Poland, Russia and Ukraine lagged somewhat behind, together accounting for a further 6.8%.

Among the main suppliers, Russia, with a CAGR of +211.0%, 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 cellulose fibrecement sheet import price stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2014 an increase of 39%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Italy ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform