Report Update Apr 1, 2024

Estonia - Wool - Market Analysis, Forecast, Size, Trends and Insights

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Estonia: Wool Market 2024

Wool Market Size in Estonia

In 2022, the Estonian wool market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a relatively flat trend pattern. Wool consumption peaked in 2022 and is likely to continue growth in years to come.

Wool Exports

Exports from Estonia

In 2022, after two years of growth, there was significant decline in shipments abroad of wool, when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted dramatically in the following year.

In value terms, wool exports shrank markedly to $X in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Lithuania (X tons) was the main destination for wool exports from Estonia, with a X% share of total exports. It was followed by Norway (X kg), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to Lithuania totaled X%.

In value terms, Lithuania ($X) remains the key foreign market for wool exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Lithuania stood at X%.

Export Prices by Country

The average wool export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Lithuania totaled $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%).

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Wool Imports

Imports into Estonia

After two years of growth, overseas purchases of wool decreased by X% to X tons in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank notably in the following year.

In value terms, wool imports reduced remarkably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of wool to Estonia, with a X% share of total imports. Moreover, wool imports from New Zealand exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of wool to Estonia, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

Import Prices by Country

The average wool import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 UK ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool in the world?

The country with the largest volume of wool consumption was China, comprising approx. 36% of total volume. Moreover, wool consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 7.6% share.

What are the largest producers of wool in the world?

The country with the largest volume of wool production was China, comprising approx. 28% of total volume. Moreover, wool production in China exceeded the figures recorded by the second-largest producer, New Zealand, twofold. The United States ranked third in terms of total production with an 11% share.

What are the leading suppliers of wool to Estonia?

In value terms, New Zealand constituted the largest supplier of wool to Estonia, comprising 35% of total imports. The second position in the ranking was taken by the UK, with a 15% share of total imports.

What are the leading importers of wool from Estonia?

In value terms, Lithuania remains the key foreign market for wool exports from Estonia, comprising 45% of total exports. The second position in the ranking was held by Norway $653), with a 0.2% share of total exports.

What is the average export price for wool in Estonia?

In 2022, the average wool export price amounted to $4,227 per ton, growing by 37% against the previous year.

What is the average import price for wool in Estonia?

In 2022, the average wool import price amounted to $2,482 per ton, rising by 3.3% against the previous year.

This report provides an in-depth analysis of the wool market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13102200 - Wool, degreased or carbonised, not carded or combed

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023