Estonia: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Estonia

The Estonian acrylic acid esters market amounted to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated resilient 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 decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Acrylic Acid Esters Production in Estonia

In value terms, acrylic acid esters production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Acrylic acid esters production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Acrylic Acid Esters Exports

Exports from Estonia

In 2022, overseas shipments of esters of acrylic acid increased by X% to X tons, rising for the third year in a row after three years of decline. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, acrylic acid esters exports skyrocketed to $X in 2022. Overall, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X tons) was the main destination for acrylic acid esters exports from Estonia, with a X% share of total exports. It was followed by Turkey (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to X%.

In value terms, Latvia ($X) emerged as the key foreign market for esters of acrylic acid exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia amounted to X%.

Export Prices by Country

In 2022, the average acrylic acid esters export price amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Latvia amounted to $X per ton.

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

Acrylic Acid Esters Imports

Imports into Estonia

In 2022, overseas purchases of esters of acrylic acid increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, acrylic acid esters imports surged to $X in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest acrylic acid esters supplier to Estonia, with a X% share of total imports. Moreover, acrylic acid esters imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold.

From 2013 to 2022, the average annual rate of growth in terms of volume from China amounted to X.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X.6% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of esters of acrylic acid to Estonia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

From 2013 to 2022, the average annual growth rate of value from China stood at X.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X.6% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average acrylic acid esters import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price posted noticeable growth. The import price peaked at $X per ton in 2018; however, from 2019 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 China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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