Estonia: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Estonia

The Estonian tanned or dressed furskins market declined slightly to $X in 2022, which is down by -3.5% against the previous year. In general, consumption, however, posted a resilient expansion. Tanned or dressed furskins consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Tanned or Dressed Furskins in Estonia

In value terms, tanned or dressed furskins production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 45% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Tanned or Dressed Furskins

Exports from Estonia

In 2022, after two years of growth, there was significant decline in overseas shipments of tanned or dressed furskins, when their volume decreased by -37.3% to X units. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 59%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tanned or dressed furskins exports declined rapidly to $X in 2022. In general, exports faced a precipitous slump. The growth pace was the most rapid in 2021 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X units) was the main destination for tanned or dressed furskins exports from Estonia, with a 83% share of total exports. Moreover, tanned or dressed furskins exports to Finland exceeded the volume sent to the second major destination, Lithuania (X units), tenfold. The third position in this ranking was taken by Latvia (X units), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to Finland totaled -17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-8.4% per year) and Latvia (+1.2% per year).

In value terms, Finland ($X) remains the key foreign market for tanned or dressed furskins exports from Estonia, comprising 66% of total exports. The second position in the ranking was held by Russia ($X), with a 19% share of total exports. It was followed by Lithuania, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Finland amounted to -32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-37.4% per year) and Lithuania (-10.6% per year).

Export Prices by Country

The average tanned or dressed furskins export price stood at $X per unit in 2022, with a decrease of -32.2% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2013 an increase of 54%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tanned or Dressed Furskins

Imports into Estonia

Tanned or dressed furskins imports into Estonia declined markedly to X units in 2022, dropping by -26.8% on the previous year's figure. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tanned or dressed furskins imports shrank markedly to $X in 2022. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 70%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Brazil (X units) and Turkey (X units) were the main suppliers of tanned or dressed furskins imports to Estonia, together comprising 71% of total imports. Poland, Belgium, Sweden, Finland and Canada lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +54.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Brazil ($X) and Turkey ($X) constituted the largest tanned or dressed furskins suppliers to Estonia, together comprising 50% of total imports. Canada, Sweden, Poland, Finland and Belgium lagged somewhat behind, together accounting for a further 30%.

Sweden, with a CAGR of +56.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average tanned or dressed furskins import price amounted to $X per unit, dropping by -12.2% against the previous year. Over the period under review, the import price recorded a perceptible slump. The pace of growth appeared the most rapid in 2013 an increase of 66% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform