Estonia: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Estonia

The Estonian organo-inorganic compounds market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption, however, recorded a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Organo-Inorganic Compounds Production in Estonia

In value terms, organo-inorganic compounds production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a drastic downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Estonia

In 2022, organo-inorganic compounds exports from Estonia surged to X tons, rising by X% on the previous year. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, organo-inorganic compounds exports skyrocketed to $X in 2022. In general, exports enjoyed a strong increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for organo-inorganic compounds exports from Estonia, accounting for a X% share of total exports. Moreover, organo-inorganic compounds exports to Russia exceeded the volume sent to the second major destination, Israel (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Lithuania (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Israel (X% per year).

Export Prices by Country

The average organo-inorganic compounds export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($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 Finland (X%), while the prices for the other major destinations experienced a decline.

Organo-Inorganic Compounds Imports

Imports into Estonia

In 2022, supplies from abroad of organo-inorganic compounds (excluding organo-sulphur compounds) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 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.

In value terms, organo-inorganic compounds imports surged to $X in 2022. Over the period under review, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest organo-inorganic compounds supplier to Estonia, with a X% share of total imports. Moreover, organo-inorganic compounds imports from Hungary exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Italy (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 Hungary totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, the largest organo-inorganic compounds suppliers to Estonia were Hungary ($X), China ($X) and the Netherlands ($X), together accounting for X% of total imports. Italy, Poland, Germany, Finland, Lithuania and the UK lagged somewhat behind, together comprising a further X%.

Lithuania, 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 organo-inorganic compounds import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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