Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Estonia - 2023

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Estonia (CIF) - 2023
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Estonia (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Estonia
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Estonia

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Estonia (CIF) - 2023

In December 2023, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $15,767 per ton, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, recorded a pronounced decrease. The growth pace was the most rapid in November 2023 when the average import price increased by 32% against the previous month. The import price peaked at $25,294 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Poland ($39,322 per ton), while the price for Sweden ($8,561 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Estonia (FOB) - 2022

In 2022, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $25,260 per ton, surging by 8.4% against the previous year. In general, the export price, however, continues to indicate a slight setback. The growth pace was the most rapid in 2019 when the average export price increased by 33% against the previous year. The export price peaked at $33,919 per ton 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($30,921 per ton), while the average price for exports to Russia totaled $5,786 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+0.5%).

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Estonia

In 2022, approx. 66 tons of footwear; parts, outer soles and heels, of rubber or plasticses were imported into Estonia; which is down by -32.6% on 2021 figures. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 20%.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses fell dramatically to $824K in 2022. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Estonia in 2022:

1. Poland (17.7 tons)
2. Ukraine (16.1 tons)
3. Italy (9.5 tons)
4. Finland (6.3 tons)
5. Czech Republic (4.1 tons)
6. Sweden (4.0 tons)
7. Spain (3.8 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Estonia

In 2022, approx. 27 tons of footwear; parts, outer soles and heels, of rubber or plasticses were exported from Estonia; rising by 31% against 2021. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses soared to $670K in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Estonia in 2022:

1. Finland (20.0 tons)
2. Russia (6.0 tons)

Source: IndexBox Market Intelligence Platform