Estonia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Estonia

For the third year in a row, the Estonian cyclic hydrocarbons market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cyclic Hydrocarbons Production in Estonia

In value terms, cyclic hydrocarbons production rose markedly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from Estonia

In 2022, the amount of cyclic hydrocarbons exported from Estonia reduced notably to X tons, declining by X% compared with 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports declined rapidly to $X in 2022. Overall, exports, however, saw measured growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons), Latvia (X tons) and Belarus (X tons) were the main destinations of cyclic hydrocarbons exports from Estonia, with a combined X% share of total exports.

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

In value terms, the largest markets for cyclic hydrocarbons exported from Estonia were Latvia ($X), Ukraine ($X) and Belarus ($X), with a combined X% share of total exports.

Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 2022, the average cyclic hydrocarbons export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Finland ($X per ton) and Switzerland ($X per ton), while the average price for exports to Ukraine ($X per ton) and Belarus ($X per ton) were amongst the lowest.

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

Cyclic Hydrocarbons Imports

Imports into Estonia

Cyclic hydrocarbons imports into Estonia surged to X tons in 2022, increasing by X% against 2021. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclic hydrocarbons imports surged to $X in 2022. In general, imports showed moderate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest cyclic hydrocarbons supplier to Estonia, with a X% share of total imports. Moreover, cyclic hydrocarbons imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Russia (X% per year).

In value terms, Germany ($X), Belgium ($X) and Russia ($X) were the largest cyclic hydrocarbons suppliers to Estonia, with a combined X% share of total imports.

In terms of the main suppliers, Belgium, 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 cyclic hydrocarbons import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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