Estonia: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Estonia

The Estonian cold-rolled steel products market expanded significantly to $X in 2022, picking up 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). In general, consumption, however, recorded a abrupt decrease. Cold-rolled steel products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cold-Rolled Steel Products Exports

Exports from Estonia

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were exported from Estonia; picking up by X% compared with the year before. In general, total exports indicated a remarkable 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cold-rolled steel products exports surged to $X in 2022. Overall, total exports indicated pronounced 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Finland (X tons) was the main destination for cold-rolled steel products exports from Estonia, accounting for a X% share of total exports. Moreover, cold-rolled steel products exports to Finland exceeded the volume sent to the second major destination, Latvia (X tons), tenfold. The third position in this ranking was held by Lithuania (X tons), with a 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: Latvia (X% per year) and Lithuania (X% per year).

In value terms, Finland ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Sweden (X% per year).

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Finland ($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 Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Estonia

In 2022, cold-rolled steel products imports into Estonia rose notably to X tons, increasing by X% compared with the year before. In general, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cold-rolled steel products imports rose markedly to $X in 2022. Over the period under review, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest cold-rolled steel products supplier to Estonia, accounting for a X% share of total imports. Moreover, cold-rolled steel products imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Finland (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest cold-rolled steel products suppliers to Estonia were Germany ($X), Finland ($X) and Belgium ($X), together comprising X% of total imports. Poland, Taiwan (Chinese), Italy, Sweden and Russia lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 cold-rolled steel products import price amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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