Estonia: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Estonia

In 2022, the Estonian market for soap and organic surface-active products in bars other than for toilet use decreased by -8.5% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, saw prominent growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Exports from Estonia

In 2022, the amount of soap and organic surface-active products in bars other than for toilet use exported from Estonia declined rapidly to X tons, shrinking by -36% on 2021 figures. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use declined markedly to $X in 2022. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 90% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for exports of soap and organic surface-active products in bars other than for toilet use from Estonia, accounting for a 71% share of total exports. Moreover, exports of soap and organic surface-active products in bars other than for toilet use to Latvia exceeded the volume sent to the second major destination, Lithuania (X tons), sevenfold. The third position in this ranking was taken by Finland (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+30.1% per year) and Finland (+28.5% per year).

In value terms, Latvia ($X) emerged as the key foreign market for soap and organic surface-active products in bars other than for toilet use exports from Estonia, comprising 63% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 15% share of total exports. It was followed by Finland, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia totaled +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+26.8% per year) and Finland (+26.7% per year).

Export Prices by Country

The average export price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, shrinking by -4.9% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for soap and organic surface-active products in bars other than for toilet use decreased by +0.8% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 29%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 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 ($X per ton), while the average price for exports to Russia ($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 Latvia (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Imports into Estonia

In 2022, overseas purchases of soap and organic surface-active products in bars other than for toilet use decreased by -6.8% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2019 with an increase of 49%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use reduced to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 44% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Finland (X tons) and Poland (X tons) were the main suppliers of imports of soap and organic surface-active products in bars other than for toilet use to Estonia, with a combined 49% share of total imports. The UK, Russia, the Czech Republic, China, Ukraine, Lithuania, the Netherlands, Spain and Germany lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +77.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the UK ($X) and Finland ($X) constituted the largest soap in bars other than for toilet use suppliers to Estonia, together accounting for 42% of total imports. China, Poland, Spain, Russia, Germany, the Czech Republic, Lithuania, Ukraine and the Netherlands lagged somewhat behind, together comprising a further 45%.

Among the main suppliers, the Czech Republic, with a CAGR of +58.3%, saw the highest rates of growth with regard to 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 import price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, dropping by -6.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform