Estonia: Wire And Cable Market 2024

Wire And Cable Market Size in Estonia

In 2022, the Estonian wire and cable market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wire And Cable Production in Estonia

In value terms, wire and cable production surged to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Wire And Cable Exports

Exports from Estonia

For the fourth year in a row, Estonia recorded growth in shipments abroad of insulated wire and cable, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wire and cable exports soared to $X in 2022. In general, exports, however, showed a pronounced descent. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Finland (X tons), Sweden (X tons) and Norway (X tons) were the main destinations of wire and cable exports from Estonia, with a combined X% share of total exports. Latvia, Lithuania, Denmark, the Netherlands and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from Estonia were Finland ($X), Sweden ($X) and Norway ($X), together accounting for X% of total exports. Latvia, Lithuania, Denmark, the Netherlands and Russia lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 wire and cable export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while the average price for exports to Norway ($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.

Wire And Cable Imports

Imports into Estonia

In 2022, purchases abroad of insulated wire and cable increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a noticeable decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wire and cable imports rose remarkably to $X in 2022. Overall, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of wire and cable imports to Estonia, together comprising X% of total imports. Latvia, Lithuania, Italy, Poland, China, the Czech Republic, France, Russia and Norway lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Germany ($X) were the largest wire and cable suppliers to Estonia, with a combined X% share of total imports. Latvia, China, Italy, Lithuania, Poland, the Czech Republic, France, Russia and Norway lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wire and cable import price amounted to $X per ton, declining by X% against the previous year. In general, the import price showed a noticeable reduction. The most prominent rate of growth was recorded 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 failed to regain momentum.

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

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

Source: IndexBox Platform

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