Estonia: Glass Market 2020

Glass Market Size in Estonia

The revenue of the glass market in Estonia amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, glass consumption continues to indicate remarkable growth. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Estonia glass consumption peaked in 2018 and is likely to continue its growth in the near future.

Glass Exports

Exports from Estonia

In 2018, the glass exports from Estonia stood at X square meters, going down by -X% against the previous year. Overall, glass exports continue to indicate a mild deduction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. In that year, glass exports attained their peak of X square meters, and then declined slightly in the following year.

In value terms, glass exports amounted to $X in 2018. Over the period under review, glass exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, glass exports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

The countries with the highest levels of glass exports in 2018 were Saudi Arabia (X square meters), Japan (X square meters) and China (X square meters), together resulting at X% of total export. The U.S. (X square meters) occupied the next position in the ranking, followed by China, Hong Kong SAR (X square meters). All these countries together took near X% share of total exports. The following exporters - Iran (X square meters) and South Korea (X square meters) - each accounted for a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by South Korea, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest glass supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Japan amounted to +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

In 2018, the glass export price in Estonia amounted to $X per square meter, jumping by X% against the previous year. In general, the glass export price continues to indicate a strong increase. The growth pace was the most rapid in 2011 when the export price increased by X% y-o-y. Over the period under review, the export prices for drawn glass and blown glass reached their maximum in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per square meter), while Saudi Arabia ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Glass Imports

Imports into Estonia

In 2018, the imports of drawn glass and blown glass into Estonia stood at X square meters, rising by X% against the previous year. Over the period under review, glass imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, glass imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, glass imports totaled $X in 2018. Over the period under review, glass imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, glass imports reached their peak figure in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, China (X square meters) and South Korea (X square meters) represented the main importers of drawn glass and blown glassaround the world, together amounting to approx. X% of total imports. It was distantly followed by Taiwan, Chinese (X square meters), Mongolia (X square meters), Qatar (X square meters) and Brazil (X square meters), together constituting a X% share of total imports. Armenia (X square meters), China, Hong Kong SAR (X square meters), India (X square meters), Thailand (X square meters), Spain (X square meters) and the U.S. (X square meters) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest glass importing markets into Estonia were South Korea ($X), China ($X) and Taiwan, Chinese ($X), together accounting for X% of total imports.

Taiwan, Chinese recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the glass import price in Estonia amounted to $X per square meter, lowering by -X% against the previous year. Overall, the glass import price continues to indicate a deep decline. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Estonia import price peaked at $X per square meter in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per square meter), while Mongolia ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform