Composition Leather Price in Estonia - 2023

Contents:

1. Composition Leather Price in Estonia (CIF) - 2022
2. Composition Leather Price in Estonia (FOB) - 2022
3. Composition Leather Imports in Estonia
4. Composition Leather Exports in Estonia

Composition Leather Price in Estonia (CIF) - 2022

In 2022, the average composition leather import price amounted to $6.7 per square meter, with a decrease of -68.1% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of 97%. Over the period under review, average import prices hit record highs at $21 per square meter in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($30 per square meter), while the price for Norway ($6.4 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Composition Leather Price in Estonia (FOB) - 2022

In 2022, the average composition leather export price amounted to $2.4 per square meter, declining by -76.4% against the previous year. In general, the export price faced a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,605%. The export price peaked at $11 per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($9.9 per square meter), while the average price for exports to Russia amounted to $6.3 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-2.1%), while the prices for the other major destinations experienced a decline.

Composition Leather Imports in Estonia

For the fourth consecutive year, Estonia recorded growth in supplies from abroad of composition leather, which increased by 32% to 14K square meters in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, composition leather imports fell significantly to $95K in 2022. In general, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports attained the peak of $226K, and then fell sharply in the following year.

Top Suppliers of Composition Leather to Estonia in 2022:

1. Latvia (undefinedK square meters)
2. Norway (2.5K square meters)
3. United Kingdom (1.8K square meters)
4. Italy (0.1K square meters)
5. Sweden (0.1K square meters)

Composition Leather Exports in Estonia

In 2022, approx. 12K square meters of composition leather were exported from Estonia; rising by 1,317% on the year before. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2,850%. The exports peaked at 20K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, composition leather exports surged to $28K in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 5,594%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Composition Leather from Estonia in 2022:

1. Russia (3.4K square meters)
2. Ukraine (0.7K square meters)

Source: IndexBox Market Intelligence Platform