Estonia: Transport Container Market 2024

Transport Container Market Size in Estonia

The Estonian transport container market contracted notably to $X in 2022, with a decrease of -15.9% against the previous year. Overall, consumption, however, continues to indicate a significant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced notably in the following year.

Transport Container Production in Estonia

In value terms, transport container production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 104%. Over the period under review, production reached the peak level at $X in 2021, and then fell in the following year.

Transport Container Exports

Exports from Estonia

In 2022, shipments abroad of transport containers decreased by -15.2% to X units, falling for the third consecutive year after four years of growth. Overall, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 48% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, transport container exports reduced to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 46%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Finland (X units) was the main destination for transport container exports from Estonia, accounting for a 62% share of total exports. Moreover, transport container exports to Finland exceeded the volume sent to the second major destination, Norway (X units), threefold. Sweden (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+8.5% per year) and Sweden (-2.7% per year).

In value terms, Norway ($X), Finland ($X) and Sweden ($X) appeared to be the largest markets for transport container exported from Estonia worldwide, with a combined 91% share of total exports.

In terms of the main countries of destination, Norway, with a CAGR of +10.8%, recorded the highest growth rate of 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 transport container export price stood at $X per unit in 2022, increasing by 12% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 63% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Finland ($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 Sweden (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Transport Container Imports

Imports into Estonia

Transport container imports into Estonia shrank significantly to X units in 2022, reducing by -43.3% compared with the previous year. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 181%. Over the period under review, imports hit record highs at X units in 2021, and then fell remarkably in the following year.

In value terms, transport container imports reduced markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 347%. Imports peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

Germany (X units), China (X units) and Finland (X units) were the main suppliers of transport container imports to Estonia, together accounting for 45% of total imports. Norway, Denmark, the United States, the Netherlands and Russia lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest transport container suppliers to Estonia were China ($X), Finland ($X) and Denmark ($X), with a combined 41% share of total imports. Germany, Norway, the Netherlands, the United States and Russia lagged somewhat behind, together accounting for a further 7.9%.

In terms of the main suppliers, the Netherlands, with a CAGR of +84.7%, saw the highest rates of growth with regard to the value of imports, 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 transport container import price amounted to $X per unit, rising by 48% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 62% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform