Estonia: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Estonia

In 2022, the Estonian threaded metal articles market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded significant growth. Threaded metal articles consumption peaked in 2022 and is likely to see steady growth in the near future.

Threaded Metal Articles Production in Estonia

In value terms, threaded metal articles production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Threaded metal articles production peaked in 2022 and is likely to continue growth in years to come.

Threaded Metal Articles Exports

Exports from Estonia

In 2022, shipments abroad of threaded articles of iron or steel decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, threaded metal articles exports shrank modestly to $X in 2022. Over the period under review, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Finland (X tons) was the main destination for threaded metal articles exports from Estonia, with a X% share of total exports. Moreover, threaded metal articles exports to Finland exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. Latvia (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Finland ($X) remains the key foreign market for threaded articles of iron or steel exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

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

Export Prices by Country

The average threaded metal articles export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Threaded Metal Articles Imports

Imports into Estonia

In 2022, overseas purchases of threaded articles of iron or steel increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, threaded metal articles imports skyrocketed to $X in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of threaded metal articles to Estonia, with a X% share of total imports. Moreover, threaded metal articles imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. The third position in this ranking was held by Finland (X tons), with an X% share.

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

In value terms, Finland ($X) constituted the largest supplier of threaded articles of iron or steel to Estonia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

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

Import Prices by Country

In 2022, the average threaded metal articles import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked at $X per ton in 2021, and then fell notably in the following year.

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

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

Source: IndexBox Platform

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