Estonia: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Estonia

The Estonian polycarboxylic acid market reduced to $X in 2022, shrinking by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion 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, consumption increased by X% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Polycarboxylic Acid Production in Estonia

In value terms, polycarboxylic acid production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Polycarboxylic Acid Exports

Exports from Estonia

In 2022, after two years of growth, there was significant decline in shipments abroad of polycarboxylic acids, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a precipitous decline. 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 attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarboxylic acid exports declined significantly to $X in 2022. In general, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for polycarboxylic acid exports from Estonia, accounting for a X% share of total exports. Moreover, polycarboxylic acid exports to Sweden exceeded the volume sent to the second major destination, Russia (X kg), eightfold. The third position in this ranking was taken by Finland (X kg), with a X% share.

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

In value terms, Sweden ($X) emerged as the key foreign market for polycarboxylic acids exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

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

Export Prices by Country

The average polycarboxylic acid export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price faced a deep contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Sweden ($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 Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Polycarboxylic Acid Imports

Imports into Estonia

After two years of growth, supplies from abroad of polycarboxylic acids decreased by X% to X tons in 2022. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped sharply in the following year.

In value terms, polycarboxylic acid imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of polycarboxylic acid to Estonia, with a X% share of total imports. Moreover, polycarboxylic acid imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a X% share.

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

In value terms, the Netherlands ($X), Italy ($X) and Spain ($X) constituted the largest polycarboxylic acid suppliers to Estonia, with a combined X% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 polycarboxylic acid import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a slight decline. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Italy ($X per ton), while the price for Russia ($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 a decline.

Source: IndexBox Platform

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