Estonia: Plastic Support Market 2024

Plastic Support Market Size in Estonia

The Estonian plastic support market skyrocketed to $X in 2022, picking up by 18% against the previous year. Over the period under review, consumption, however, showed a slight curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Plastic Support Production in Estonia

In value terms, plastic support production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 61%. Plastic support production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports from Estonia

In 2022, overseas shipments of spools, cops and similar supports of plastics decreased by -29.2% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 102%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic support exports reduced remarkably to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 65%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X tons), Russia (X tons) and Sweden (X tons) were the main destinations of plastic support exports from Estonia, with a combined 65% share of total exports. Finland, Denmark, Lithuania, Italy, Germany, Belarus and Switzerland lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +103.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic support exported from Estonia were Latvia ($X), Russia ($X) and Finland ($X), together accounting for 71% of total exports. Sweden, Lithuania, Germany, Italy, Denmark, Belarus and Switzerland lagged somewhat behind, together accounting for a further 26%.

Italy, with a CAGR of +73.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 plastic support export price amounted to $X per ton, growing by 9.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Denmark ($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 Switzerland (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Estonia

In 2022, overseas purchases of spools, cops and similar supports of plastics increased by 6% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 42% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic support imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Lithuania (X tons), Finland (X tons) and Germany (X tons) were the main suppliers of plastic support imports to Estonia, together comprising 38% of total imports. Latvia, Poland, Sweden, Russia, China, Italy, France, Serbia and Hungary lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +54.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and China ($X) appeared to be the largest plastic support suppliers to Estonia, with a combined 31% share of total imports. Finland, Poland, Italy, Lithuania, France, Russia, Latvia, Serbia and Hungary lagged somewhat behind, together comprising a further 50%.

Among the main suppliers, Russia, with a CAGR of +51.8%, recorded 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 plastic support import price stood at $X per ton in 2022, rising by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 when the average import price increased by 47% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform