Estonia: Stamping Foil Market 2024

Stamping Foil Market Size in Estonia

In 2022, the Estonian stamping foil market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Stamping Foil Production in Estonia

In value terms, stamping foil production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Stamping Foil Exports

Exports from Estonia

In 2022, after two years of growth, there was significant decline in shipments abroad of stamping foils, when their volume decreased by X% to X tons. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, stamping foil exports contracted significantly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Russia (X tons) was the main destination for stamping foil exports from Estonia, with a X% share of total exports. Moreover, stamping foil exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Kyrgyzstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for stamping foils exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

From 2012 to 2022, 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: Belarus (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average stamping foil export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

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 Kyrgyzstan ($X per ton), while the average price for exports to Belarus ($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 Russia (X%).

Stamping Foil Imports

Imports into Estonia

After two years of growth, supplies from abroad of stamping foils decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, stamping foil imports reduced to $X in 2022. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

The Netherlands (X tons), Italy (X tons) and the UK (X tons) were the main suppliers of stamping foil imports to Estonia, with a combined X% share of total imports. South Korea, Germany, Poland, China and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, the Netherlands ($X), Italy ($X) and the UK ($X) were the largest stamping foil suppliers to Estonia, together accounting for X% of total imports. Germany, South Korea, Poland, China and Sweden lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average stamping foil import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price 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 2022 figures, stamping foil import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform