Estonia: Aluminium Foil Market 2024

Aluminium Foil Market Size in Estonia

In 2022, the Estonian aluminium foil market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated noticeable growth 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Aluminium Foil Exports

Exports from Estonia

In 2022, after six years of growth, there was significant decline in overseas shipments of aluminium foil, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank significantly in the following year.

In value terms, aluminium foil exports shrank dramatically to $X in 2022. In general, exports, however, recorded a moderate expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Finland (X tons) was the main destination for aluminium foil exports from Estonia, accounting for a X% share of total exports. Moreover, aluminium foil exports to Finland exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was taken by Azerbaijan (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Azerbaijan (X% per year).

In value terms, Finland ($X), Azerbaijan ($X) and Poland ($X) appeared to be the largest markets for aluminium foil exported from Estonia worldwide, with a combined X% share of total exports. Latvia, Belarus, Uzbekistan, the Czech Republic, Norway and Austria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, 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 aluminium foil export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 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 Austria ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

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

Aluminium Foil Imports

Imports into Estonia

Aluminium foil imports into Estonia declined remarkably to X tons in 2022, with a decrease of X% on the previous year's figure. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, aluminium foil imports contracted to $X in 2022. In general, total imports indicated a moderate 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

China (X tons), Lithuania (X tons) and Germany (X tons) were the main suppliers of aluminium foil imports to Estonia, with a combined X% share of total imports.

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

In value terms, Germany ($X), China ($X) and Lithuania ($X) appeared to be the largest aluminium foil suppliers to Estonia, with a combined X% share of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of X%, 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 aluminium foil import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure 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 Germany ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform