Estonia: Imines Market 2024

Imines Market Size in Estonia

The Estonian imines market skyrocketed to $X in 2022, 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). Over the period under review, consumption saw a significant increase. Imines consumption peaked in 2022 and is likely to continue growth in the near future.

Imines Exports

Exports from Estonia

In 2022, overseas shipments of imines and their derivatives and salts thereof were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, imines exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Lithuania (X tons) was the main destination for imines exports from Estonia, accounting for a X% share of total exports. Moreover, imines exports to Lithuania exceeded the volume sent to the second major destination, Russia (X kg), fourfold.

From 2014 to 2022, the average annual growth rate of volume to Lithuania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Latvia (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for imines and their derivatives and salts thereof exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X.9% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the average imines export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imines Imports

Imports into Estonia

In 2022, overseas purchases of imines and their derivatives and salts thereof were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imines imports soared to $X in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of imines and their derivatives and salts thereof to Estonia, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Spain (X% per year).

Import Prices by Country

The average imines import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price 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, imines import price increased by X% against 2019 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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