Estonia: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Estonia

The Estonian iron or steel leaf-spring market contracted to $X in 2022, waning by X% against the previous year. In general, consumption showed a abrupt descent. Iron or steel leaf-spring consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Estonia

In value terms, iron or steel leaf-spring production declined to $X in 2022 estimated in export price. In general, production saw a deep reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Iron or steel leaf-spring production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Estonia

In 2022, approx. X tons of iron or steel leaf-springs and leaves were exported from Estonia; which is down by X% compared with the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, iron or steel leaf-spring exports fell sharply to $X in 2022. Over the period under review, exports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for iron or steel leaf-spring exports from Estonia, with a X% share of total exports. Moreover, iron or steel leaf-spring exports to China exceeded the volume sent to the second major destination, Latvia (X tons), twofold. The third position in this ranking was taken by Tanzania (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Tanzania (X% per year).

In value terms, China ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

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

Export Prices by Country

The average iron or steel leaf-spring export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, showed notable growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Tanzania ($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 Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Estonia

In 2022, after two years of growth, there was decline in overseas purchases of iron or steel leaf-springs and leaves, when their volume decreased by X% to X tons. In general, imports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Latvia (X tons), India (X tons) and China (X tons) were the main suppliers of iron or steel leaf-spring imports to Estonia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring suppliers to Estonia were Latvia ($X), India ($X) and China ($X), with a combined X% share of total imports.

Latvia, with a CAGR of X%, recorded 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

The average iron or steel leaf-spring import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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