Estonia: Tanker Market 2020

Tanker Market Size in Estonia

The revenue of the tanker market in Estonia amounted to $X in 2018, going up by X% against the previous year. Overall, tanker consumption, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, the tanker market reached its peak figure level at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Tanker Production in Estonia

In value terms, tanker production amounted to $X in 2018 estimated in export prices. Over the period under review, tanker production, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2009 when production volume increased by X% year-to-year. Estonia tanker production peaked at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

Tanker Exports

Exports from Estonia

In 2018, the tanker exports from Estonia stood at X tons, coming down by -X% against the previous year. Over the period under review, tanker exports continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Over the period under review, tanker exports attained their peak figure at X tons in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, tanker exports amounted to $X in 2018. Over the period under review, tanker exports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Over the period under review, tanker exports reached their peak figure at $X in 2010; however, from 2011 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, South Korea (X tons) represented the main exporter of tankers, achieving X% of total exports. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by the Philippines (X%) and Germany (X%). The following exporters - Bahamas (X tons), Poland (X tons), Niue (X tons) and Singapore (X tons) - each resulted at a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Niue, while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest tanker supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by Poland, with a X% share.

From 2007 to 2018, the average annual growth rate of value in South Korea stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Poland (-X% per year).

Export Prices by Country

In 2018, the tanker export price in Estonia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the tanker export price continues to indicate resilient growth. The growth pace was the most rapid in 2009 when the export price increased by X% against the previous year. Over the period under review, the export prices for tankers attained their peak figure at $X per ton in 2010; however, from 2011 to 2018, export prices stood at a somewhat lower figure.

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

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

Tanker Imports

Imports into Estonia

In 2018, the tanker imports into Estonia stood at X tons, falling by -X% against the previous year. Overall, tanker imports continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2013 with a decrease of -X% against the previous year. Estonia imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, tanker imports amounted to $X in 2018. In general, tanker imports continue to indicate a deep contraction. The growth pace was the most rapid in 2013 when imports decreased by -X% against the previous year. Estonia imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the twelve major importers of tankers, namely Marshall Islands, Panama, China, Hong Kong SAR, Bahamas, Malta, Greece, Liberia, the UK, Singapore, British Virgin Islands, Saudi Arabia and Russia, represented more than two-thirds of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by British Virgin Islands, while the other leaders experienced more modest paces of growth.

In value terms, the largest tanker importing markets into Estonia were Marshall Islands ($X), Panama ($X) and Singapore ($X), together comprising X% of total imports. These countries were followed by China, Hong Kong SAR, Bahamas, Malta, Greece, Liberia, the UK, Russia, Saudi Arabia, British Virgin Islands and Estonia, which together accounted for a further X the main importing countries, British Virgin Islands experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the tanker import price in Estonia amounted to $X per ton, going up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Estonia import price peaked in 2018 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per ton), while British Virgin Islands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform