Estonia: Net Fabric Market 2024

Net Fabric Market Size in Estonia

In 2022, after four years of growth, there was significant decline in the Estonian net fabric market, when its value decreased by X% to $X. Overall, consumption, however, recorded a remarkable increase. Net fabric consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Net Fabric Production in Estonia

In value terms, net fabric production rose significantly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Net Fabric Exports

Exports from Estonia

In 2022, overseas shipments of tulles and other net fabrics were finally on the rise to reach X tons after five years of decline. In general, exports, however, faced a dramatic slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, net fabric exports declined rapidly to $X in 2022. Overall, exports, however, showed a dramatic decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X kg) was the main destination for net fabric exports from Estonia, with a X% share of total exports. Moreover, net fabric exports to Latvia exceeded the volume sent to the second major destination, Russia (X kg), threefold. India (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for net fabric exported from Estonia were France ($X), Russia ($X) and Latvia ($X), with a combined X% share of total exports. South Africa, Chile, the UK and India lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average net fabric export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Latvia ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Net Fabric Imports

Imports into Estonia

Net fabric imports into Estonia reduced markedly to X tons in 2022, waning by X% compared with the year before. In general, imports showed a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, net fabric imports dropped rapidly to $X in 2022. Over the period under review, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of net fabric to Estonia, with a X% share of total imports. Moreover, net fabric imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

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

In value terms, the largest net fabric suppliers to Estonia were China ($X), Turkey ($X) and Germany ($X), together accounting for X% of total imports. The Netherlands, Vietnam and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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 net fabric import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average 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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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