Estonia: Container Market 2024

Container Market Size in Estonia

The Estonian container market stood at $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Container Production in Estonia

In value terms, container production surged to $X in 2022 estimated in export price. Overall, the total production indicated a prominent 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, production increased by X% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Container Exports

Exports from Estonia

In 2022, shipments abroad of tanks, casks, drums, cans, boxes and similar containers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated prominent 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 pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, container exports expanded to $X in 2022. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), Lithuania (X units) and Poland (X units) were the main destinations of container exports from Estonia, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for container exported from Estonia were Germany ($X), Lithuania ($X) and Poland ($X), together accounting for X% of total exports. The Netherlands, Russia, Latvia, Belgium, Finland, Sweden, Denmark and the UK lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average container export price stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Latvia ($X per unit) 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 more modest paces of growth.

Container Imports

Imports into Estonia

In 2022, approx. X units of tanks, casks, drums, cans, boxes and similar containers were imported into Estonia; growing by X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, container imports totaled $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Finland (X units) constituted the largest container supplier to Estonia, accounting for a X% share of total imports. Moreover, container imports from Finland exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. Switzerland (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Finland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Switzerland (X% per year).

In value terms, Finland ($X) constituted the largest supplier of tanks, casks, drums, cans, boxes and similar containers to Estonia, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

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

Import Prices by Country

In 2022, the average container import price amounted to $X per unit, declining by X% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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