Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia (CIF) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia (FOB) - 2023
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia (CIF) - 2022
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,690 per ton in 2022, surging by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 when the average import price increased by 28%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Netherlands ($5,228 per ton), while the price for Lithuania ($1,765 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia (FOB) - 2023
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,617 per ton in November 2023, surging by 17% against the previous month. Overall, export price indicated moderate growth from November 2022 to November 2023: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -26.4% against August 2023 indices. The pace of growth was the most pronounced in August 2023 an increase of 101% m-o-m. As a result, the export price attained the peak level of $4,915 per ton. From September 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Finland ($5,876 per ton), while the average price for exports to Latvia ($3,314 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+17.7%), while the prices for the other major destinations experienced a decline.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia
In 2022, after three years of growth, there was significant decline in supplies from abroad of adhesives; prepared, based on rubber or plastics (including artificial resins), when their volume decreased by -8.2% to 4.8K tons. The total import volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) totaled $13M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1.5 | 1.6 | 3.6 | 4.0 | 38.7% |
| Germany | 1.8 | 2.3 | 3.4 | 3.6 | 26.0% |
| Sweden | 1.3 | 1.4 | 2.3 | 2.6 | 26.0% |
| Poland | 0.2 | 0.3 | 0.5 | 0.5 | 35.7% |
| Italy | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Spain | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Lithuania | 0.1 | 0.6 | 0.8 | 0.2 | 26.0% |
| Denmark | 0.3 | 0.7 | 0.3 | 0.1 | -30.7% |
| Others | 1.6 | 1.1 | 1.1 | 1.1 | -11.7% |
| Total | 7.4 | 8.4 | 12.5 | 12.8 | 20.0% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Estonia in 2022:
- Finland (1804.8 tons)
- Sweden (1462.3 tons)
- Germany (843.2 tons)
- Poland (127.4 tons)
- Lithuania (116.3 tons)
- Spain (88.1 tons)
- Italy (64.6 tons)
- Denmark (34.5 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia
In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) exported from Estonia soared to 1K tons, rising by 20% on the year before. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 92%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $3.4M in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 681 | 550 | 772 | 1,375 | 26.4% |
| Finland | 68.9 | 102 | 600 | 951 | 139.9% |
| Latvia | 482 | 472 | 616 | 599 | 7.5% |
| Lithuania | 517 | 303 | 484 | 464 | -3.5% |
| Others | 36.3 | 160 | 120 | 56.1 | 15.6% |
| Total | 1,785 | 1,587 | 2,592 | 3,445 | 24.5% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Estonia in 2022:
- Russia (563.2 tons)
- Latvia (179.0 tons)
- Finland (125.2 tons)
- Lithuania (117.8 tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Estonia.
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Estonia.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
