Estonia: Soap Market 2020

Soap Market Size in Estonia

The revenue of the soap market in Estonia amounted to $X in 2017, jumping by X% against the previous year. In general, soap consumption, however, continues to indicate a measured drop. The pace of growth was the most pronounced in 2016, with an increase of X% against the previous year. Over the period under review, the soap market attained its peak figure level at $X in 2007; however, from 2008 to 2017, consumption stood at a somewhat lower figure.

Soap Production in Estonia

In value terms, soap production totaled $X in 2017 estimated in export prices. Overall, soap production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. Soap production peaked in 2017, and is likely to continue its growth in the immediate term.

Soap Exports

Exports from Estonia

In 2017, approx. X tons of soap were exported from Estonia; increasing by X% against the previous year. Over the period under review, soap exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017, with an increase of X% y-o-y. Over the period under review, soap exports attained their maximum at X tons in 2012; however, from 2013 to 2017, exports failed to regain their momentum.

In value terms, soap exports totaled $X in 2017. In general, soap exports continue to indicate a prominent growth. The pace of growth was the most pronounced in 2017, when exports increased by X% against the previous year. In that year, soap exports reached their peak , and are likely to continue its growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for soap exports from Estonia, accounting for a X% share of total exports. Moreover, soap exports to Russia exceeded the volume sent to the second major destination, Latvia (X tons), twofold. The third position in this ranking was occupied by Finland (X tons), with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Russia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+X% per year) and Finland (+X% per year).

In value terms, Russia ($X) remains the key foreign market for soap exports from Estonia, comprising X% of total soap exports. The second position in the ranking was occupied by Latvia ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2007 to 2017, the average annual growth rate of value to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+X% per year) and Finland (+X% per year).

Export Prices by Country

The average soap export price stood at $X per ton in 2017, jumping by X% against the previous year. Overall, the soap export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013, when the average export price increased by X% y-o-y. Export price peaked in 2017, and is likely to see steady growth in the near future.

Export prices varied noticeably by the country of destination; the country with the highest export price was Latvia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Russia, while the export prices for the other major destinations experienced more modest paces of growth.

Soap Imports

Imports into Estonia

In 2017, the amount of soap imported into Estonia stood at X tons, surging by X% against the previous year. Over the period under review, the total imports indicated a prominent expansion from 2007 to 2017: its volume 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. Based on 2017 figures, the soap imports decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2013, when imports increased by X% y-o-y. In that year, soap imports attained their peak of X tons. From 2014 to 2017, the growth of soap imports failed to regain its momentum.

In value terms, soap imports totaled $X in 2017. Overall, the total imports indicated a remarkable growth from 2007 to 2017: 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 2013, with an increase of X% y-o-y. In that year, soap imports attained their peak of $X. From 2014 to 2017, the growth of soap imports failed to regain its momentum.

Imports by Country

In 2017, Germany (X tons) constituted the largest soap supplier to Estonia, accounting for a X% share of total imports. Moreover, soap imports from Germany exceeded the figures recorded by the second largest supplier, Italy (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual growth rate of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Turkey (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of soap to Estonia, comprising X% of total soap imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Turkey (-X% per year).

Import Prices by Country

In 2017, the average soap import price amounted to $X per ton, picking up by X% against the previous year. Overall, the soap import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the average import price increased by X% y-o-y. In that year, the average import prices for soap attained their peak level of $X per ton. From 2009 to 2017, the growth in terms of the average import prices for soap failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Sweden ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Turkey, while the import prices for the other major suppliers experienced a decline.

Source: IndexBox Platform