Estonia: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Estonia

In 2023, after three years of growth, there was significant decline in the Estonian narrow woven fabric market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2022, and then reduced in the following year.

Narrow Woven Fabric Production in Estonia

In value terms, narrow woven fabric production rose significantly to $X in 2023 estimated in export price. In general, production, however, showed a slight decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports from Estonia

In 2023, shipments abroad of narrow woven fabrics increased by X% to X tons, rising for the fourth year in a row after three years of decline. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2022 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, narrow woven fabric exports dropped to $X in 2023. Overall, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Denmark (X tons), Finland (X tons) and Latvia (X tons) were the main destinations of narrow woven fabric exports from Estonia, with a combined X% share of total exports. Italy, Lithuania, Russia, Ukraine and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Finland ($X) remains the key foreign market for narrow woven fabrics exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Denmark (X% per year).

Export Prices by Country

In 2023, the average narrow woven fabric export price amounted to $X per ton, declining by X% against the previous year. In general, the export price recorded a slight decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Estonia

In 2023, overseas purchases of narrow woven fabrics decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Over the period under review, imports showed a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then contracted sharply in the following year.

In value terms, narrow woven fabric imports reduced to $X in 2023. In general, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Romania (X tons) constituted the largest supplier of narrow woven fabric to Estonia, with a X% share of total imports. Moreover, narrow woven fabric imports from Romania exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Romania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Germany (X% per year).

In value terms, the largest narrow woven fabric suppliers to Estonia were Romania ($X), Finland ($X) and Denmark ($X), with a combined X% share of total imports.

Romania, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform