Estonia: Plastic Supports Market 2024

Plastic Supports Market Size in Estonia

The Estonian plastic supports market dropped sharply to $X in 2022, with a decrease of -16.7% against the previous year. Overall, consumption, however, enjoyed a significant increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Supports Production in Estonia

In value terms, plastic supports production rose modestly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 35%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Plastic Supports Exports

Exports from Estonia

In 2022, shipments abroad of spools, cops, bobbins and similar supports of plastics decreased by -8.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 101%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic supports exports reduced sharply to $X in 2022. Overall, exports faced a sharp setback. The growth pace was the most rapid in 2019 with an increase of 65%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for plastic supports exports from Estonia, with a 86% share of total exports. Moreover, plastic supports exports to Denmark exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark stood at +143.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+70.8% per year) and Sweden (-23.7% per year).

In value terms, Russia ($X), Sweden ($X) and Finland ($X) appeared to be the largest markets for plastic supports exported from Estonia worldwide, together comprising 83% of total exports. Denmark, the UK and Germany lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Denmark, with a CAGR of +102.9%, recorded the highest rates of growth with regard to 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

The average plastic supports export price stood at $X per ton in 2022, falling by -33.1% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($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 Finland (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Supports Imports

Imports into Estonia

In 2022, after three years of growth, there was significant decline in purchases abroad of spools, cops, bobbins and similar supports of plastics, when their volume decreased by -13% to X tons. Over the period under review, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 85% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic supports imports fell significantly to $X in 2022. In general, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 52%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Poland (X tons) and India (X tons) were the main suppliers of plastic supports imports to Estonia, together comprising 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +66.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Poland ($X) and India ($X) were the largest plastic supports suppliers to Estonia, together accounting for 78% of total imports.

India, with a CAGR of +66.6%, saw 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 plastic supports import price amounted to $X per ton, reducing by -3.9% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic supports import price increased by +20.3% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 82% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform