Estonia: Flat-Rolled Steel Coils Market 2024

Flat-Rolled Steel Coils Market Size in Estonia

In 2023, after two years of growth, there was significant decline in the Estonian flat-rolled steel coils market, when its value decreased by X% to $X. In general, consumption, however, recorded a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Flat-Rolled Steel Coils Exports

Exports from Estonia

In 2023, shipments abroad of flat-rolled steel in coils increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, flat-rolled steel coils exports contracted to $X in 2023. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then reduced in the following year.

Exports by Country

Finland (X tons) was the main destination for flat-rolled steel coils exports from Estonia, with a X% share of total exports. Moreover, flat-rolled steel coils exports to Finland exceeded the volume sent to the second major destination, Latvia (X tons), sixfold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume 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 France (X% per year).

In value terms, Finland ($X) remains the key foreign market for flat-rolled steel in coils exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Finland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average flat-rolled steel coils export price amounted to $X per ton, waning by X% against the previous year. In general, the export price saw a pronounced descent. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Lithuania ($X per ton) and France ($X per ton), while the average price for exports to Poland ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced a decline.

Flat-Rolled Steel Coils Imports

Imports into Estonia

For the third consecutive year, Estonia recorded growth in purchases abroad of flat-rolled steel in coils, which increased by X% to X tons in 2023. Overall, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, flat-rolled steel coils imports dropped to $X in 2023. In general, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Belgium (X tons) constituted the largest flat-rolled steel coils supplier to Estonia, with a X% share of total imports. Moreover, flat-rolled steel coils imports from Belgium exceeded the figures recorded by the second-largest supplier, Latvia (X tons), twofold. The third position in this ranking was held by France (X tons), with a X% share.

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

In value terms, Belgium ($X), Latvia ($X) and France ($X) appeared to be the largest flat-rolled steel coils suppliers to Estonia, with a combined X% share of total imports.

Latvia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average flat-rolled steel coils import price stood at $X per ton in 2023, declining by X% against the previous year. In general, import price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then plummeted in the following year.

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

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

Source: IndexBox Platform