Estonia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Estonia

After three years of growth, the Estonian market for polyethylene with a specific gravity of less than X, in primary forms decreased by X% to $X in 2022. Overall, consumption continues to indicate a pronounced decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Estonia

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms reduced modestly to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Estonia

Exports of polyethylene with a specific gravity of less than X, in primary forms from Estonia contracted dramatically to X tons in 2022, which is down by X% compared with the year before. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms dropped markedly to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Estonia, accounting for a X% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Lithuania exceeded the volume sent to the second major destination, Poland (X tons), fivefold. Finland (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Lithuania ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Finland ($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 Lithuania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded 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 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany ($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 Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Estonia

In 2022, after two years of growth, there was significant decline in purchases abroad of polyethylene with a specific gravity of less than X, in primary forms, when their volume decreased by X% to X tons. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms fell markedly to $X in 2022. In general, total imports indicated a temperate increase 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

Saudi Arabia (X tons), Austria (X tons) and Lithuania (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Estonia, together accounting for X% of total imports. The Netherlands, Italy, Sweden, Egypt, Belgium, Germany, Poland, Finland, Latvia and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Austria ($X) and Lithuania ($X) constituted the largest polyethylene with a specific gravity of less than X suppliers to Estonia, together accounting for X% of total imports. The Netherlands, Belgium, Sweden, Egypt, Italy, Germany, Poland, Latvia, Finland and Russia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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