Estonia: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Estonia

In 2023, the Estonian compound plasticisers market decreased by X% to $X, falling for the ninth consecutive year after three years of growth. In general, consumption saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Compound Plasticisers Production in Estonia

In value terms, compound plasticisers production rose markedly to $X in 2023 estimated in export price. Overall, production recorded a deep setback. Compound plasticisers production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Compound Plasticisers Exports

Exports from Estonia

After two years of growth, shipments abroad of compound plasticisers for rubber or plastics decreased by X% to X tons in 2023. Overall, exports recorded a noticeable descent. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, compound plasticisers exports shrank notably to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of compound plasticisers exports from Estonia, together comprising X% of total exports. France, Germany, the United States, Poland, Slovenia, Ukraine and Denmark 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 Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for compound plasticisers exported from Estonia were the Netherlands ($X), Belgium ($X) and Italy ($X), with a combined X% share of total exports. France, Germany, the United States, Poland, Slovenia, Ukraine and Denmark lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average compound plasticisers export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into Estonia

Compound plasticisers imports into Estonia declined remarkably to X tons in 2023, waning by X% against the previous year. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, compound plasticisers imports declined notably to $X in 2023. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, the Czech Republic (X tons) constituted the largest supplier of compound plasticisers to Estonia, accounting for a X% share of total imports. Moreover, compound plasticisers imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Lithuania (X tons), with a X% share.

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

In value terms, the Czech Republic ($X) constituted the largest supplier of compound plasticisers for rubber or plastics to Estonia, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Hungary (X% per year).

Import Prices by Country

The average compound plasticisers 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, showed a noticeable reduction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the average import prices remained at a somewhat 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 the Czech Republic ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform