Estonia: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Estonia

The Estonian wood-based panels market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption posted a prominent increase. Wood-based panels consumption peaked in 2022 and is expected to retain growth in the near future.

Wood-Based Panels Production in Estonia

In value terms, wood-based panels production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Wood-based panels production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from Estonia

In 2022, overseas shipments of wood-based panels decreased by X% to X cubic meters for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X cubic meters, and then shrank markedly in the following year.

In value terms, wood-based panels exports expanded markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X cubic meters), Poland (X cubic meters) and Finland (X cubic meters) were the main destinations of wood-based panels exports from Estonia, together comprising X% of total exports. Sweden, Latvia, Lithuania, Italy, Denmark, France, South Korea, Spain, Austria and Turkey lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X) remains the key foreign market for wood-based panels exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Finland (X% per year).

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, jumping by X% against the previous year. Overall, the export price enjoyed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Lithuania ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Estonia

Wood-based panels imports into Estonia rose significantly to X cubic meters in 2022, picking up by X% on the year before. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, wood-based panels imports soared to $X in 2022. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Russia (X cubic meters), Finland (X cubic meters) and Latvia (X cubic meters) were the main suppliers of wood-based panels imports to Estonia, together accounting for X% of total imports. Poland, Germany, Lithuania, Norway, Brazil and Belarus lagged somewhat behind, together comprising a further X%.

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

In value terms, Russia ($X), Latvia ($X) and Finland ($X) constituted the largest wood-based panels suppliers to Estonia, together comprising X% of total imports. Poland, Germany, Lithuania, Norway, Brazil and Belarus lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Norway, with a CAGR of X%, recorded the highest growth rate of 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 wood-based panels import price amounted to $X per cubic meter, rising by X% against the previous year. Over the period under review, import price indicated a measured increase 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, wood-based panels import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for Finland ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform