Estonia: Stranded Wire Market 2020

Stranded Wire Market Size in Estonia

The revenue of the stranded wire market in Estonia amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, stranded wire consumption continues to indicate a relatively flat trend pattern. 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 stranded wire market attained its maximum level at $X in 2017, and then declined slightly in the following year.

Stranded Wire Production in Estonia

In value terms, stranded wire production amounted to $X in 2018 estimated in export prices. In general, stranded wire production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2011 when production volume increased by X% against the previous year. In that year, stranded wire production reached its peak level of $X. From 2012 to 2018, stranded wire production growth remained at a somewhat lower figure.

Stranded Wire Exports

Exports from Estonia

Stranded wire exports from Estonia amounted to X tons in 2018, picking up by X% against the previous year. Overall, stranded wire exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, stranded wire exports reached their maximum at X tons in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, stranded wire exports amounted to $X in 2018. Over the period under review, stranded wire exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Estonia exports peaked at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons) was the largest exporter of stranded wire, ropes and cables, achieving X% of total exports. It was distantly followed by South Korea (X tons), India (X tons) and Vietnam (X tons), together creating a X% share of total exports. The following exporters - Turkey (X tons), Germany (X tons), Italy (X tons), Spain (X tons), Malaysia (X tons), Thailand (X tons), the U.S. (X tons) and Portugal (X tons) - together made up X% of total exports.

China experienced a relatively flat trend pattern of stranded wire, ropes and cables exports. At the same time, Vietnam (+X%), Portugal (+X%), India (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain, Thailand and Malaysia experienced a relatively flat trend pattern. By contrast, Germany (-X%), the U.S. (-X%), Italy (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Vietnam, India, Turkey and Portugal increased by +X%, +X%, +X% and +X% percentage points, while Italy (-X p.p.), China (-X p.p.) and South Korea (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stranded wire supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In China, stranded wire exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (-X% per year) and the U.S. (+X% per year).

Export Prices by Country

The stranded wire export price in Estonia stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the export price indicated resilient growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, stranded wire export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X% year-to-year. Estonia export price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Stranded Wire Imports

Imports into Estonia

In 2018, the stranded wire imports into Estonia totaled X tons, coming down by -X% against the previous year. Over the period under review, stranded wire imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, stranded wire imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, stranded wire imports stood at $X in 2018. In general, the total imports indicated a mild increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, stranded wire imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, stranded wire imports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) represented the largest importers of stranded wire, ropes and cables, together comprising X% of total imports. South Korea (X tons), India (X tons), Thailand (X tons), Poland (X tons), Japan (X tons), France (X tons), Mexico (X tons), the UK (X tons), Spain (X tons) and Belgium (X tons) followed a long way behind the leaders.

The U.S. experienced a relatively flat trend pattern of stranded wire, ropes and cables imports. At the same time, India (+X%), Thailand (+X%), Poland (+X%), Belgium (+X%), Mexico (+X%), Germany (+X%), Japan (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) and Spain (-X%) illustrated a downward trend over the same period. India (+X p.p.), Thailand (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by France, India, Poland, Thailand, South Korea, the UK, Japan, Spain, Belgium and Estonia, which together accounted for a further X experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the stranded wire import price in Estonia amounted to $X per ton, jumping by X% against the previous year. In general, the import price indicated conspicuous growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, stranded wire import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when the import price increased by X% against the previous year. In that year, the import prices for stranded wire, ropes and cables attained their peak level of $X per ton. From 2011 to 2018, the growth in terms of the import prices for stranded wire, ropes and cables remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform