Estonia: Corrugated Paper Market 2024

Corrugated Paper Market Size in Estonia

In 2022, the Estonian corrugated paper market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Corrugated paper consumption peaked in 2022 and is expected to retain growth in years to come.

Corrugated Paper Production in Estonia

In value terms, corrugated paper production surged to $X in 2022 estimated in export price. Overall, production continues to indicate resilient growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Corrugated Paper Exports

Exports from Estonia

In 2022, shipments abroad of corrugated paper and paperboard increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, corrugated paper exports surged to $X in 2022. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Latvia (X tons) was the main destination for corrugated paper exports from Estonia, accounting for a X% share of total exports. Moreover, corrugated paper exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X tons), twofold. 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 to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Finland (X% per year).

In value terms, the largest markets for corrugated paper exported from Estonia were Latvia ($X), Lithuania ($X) and Finland ($X), with a combined X% share of total exports. Norway and Sweden lagged somewhat behind, together comprising a further X%.

Norway, 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

In 2022, the average corrugated paper export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

Corrugated Paper Imports

Imports into Estonia

In 2022, overseas purchases of corrugated paper and paperboard decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, corrugated paper imports shrank to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Latvia (X tons), Lithuania (X tons) and Russia (X tons) were the main suppliers of corrugated paper imports to Estonia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest corrugated paper suppliers to Estonia were Latvia ($X), Lithuania ($X) and Russia ($X), with a combined X% share of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average corrugated paper import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price 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, corrugated paper import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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