Estonia: Soap And Detergent Market 2024

Soap And Detergent Market Size in Estonia

The Estonian soap and detergent market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate modest growth. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Soap And Detergent Production in Estonia

In value terms, soap and detergent production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Soap And Detergent Exports

Exports from Estonia

After six years of growth, overseas shipments of soap and detergents decreased by X% to X tons in 2022. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, soap and detergent exports reduced slightly to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Finland (X tons), Latvia (X tons) and Sweden (X tons) were the main destinations of soap and detergent exports from Estonia, with a combined X% share of total exports. Denmark, Russia, Norway and Lithuania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap and detergent exported from Estonia were Finland ($X), Latvia ($X) and Russia ($X), with a combined X% share of total exports. Sweden, Lithuania, Denmark and Norway lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Denmark, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average soap and detergent export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

Soap And Detergent Imports

Imports into Estonia

In 2022, purchases abroad of soap and detergents decreased by X% to X tons, falling for the second consecutive year after five years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, soap and detergent imports shrank to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value 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. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Lithuania (X tons), Poland (X tons) and Latvia (X tons) were the main suppliers of soap and detergent imports to Estonia, with a combined X% share of total imports.

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

In value terms, Poland ($X), Lithuania ($X) and Latvia ($X) constituted the largest soap and detergent suppliers to Estonia, with a combined X% share of total imports.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 soap and detergent import price amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Austria ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform