Waxes; Artificial, Prepared Price in Estonia - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Estonia (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Estonia (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Estonia
4. Waxes; Artificial, Prepared Exports in Estonia

Waxes; Artificial, Prepared Price in Estonia (CIF) - 2022

In 2022, the average waxes; artificial, prepared import price amounted to $2,047 per ton, increasing by 14% against the previous year. In general, the import price, however, showed a abrupt setback. The growth pace was the most rapid in 2021 when the average import price increased by 52% against the previous year. Over the period under review, average import prices attained the maximum at $4,047 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 Germany ($3,346 per ton), while the price for Belarus ($1,060 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Estonia (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $18,757 per ton, with an increase of 14% against the previous year. Overall, the export price saw a resilient increase. The growth pace was the most rapid in 2016 when the average export price increased by 67%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($109,269 per ton), while the average price for exports to Germany ($6,058 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 (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Estonia

For the fourth year in a row, Estonia recorded growth in purchases abroad of waxes; artificial, prepared, which increased by 22% to 3.5K tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.6% 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 +75.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, waxes; artificial, prepared imports soared to $7.2M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Waxes; Artificial, Prepared to Estonia in 2022:

1. Indonesia (2520.5 tons)
2. Belarus (674.8 tons)
3. Germany (186.4 tons)

Waxes; Artificial, Prepared Exports in Estonia

Waxes; artificial, prepared exports from Estonia soared to 58 tons in 2022, picking up by 81% against the year before. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared exports skyrocketed to $1.1M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waxes; Artificial, Prepared from Estonia in 2022:

1. Russia (23.7 tons)
2. Finland (23.4 tons)
3. Poland (3.0 tons)
4. Germany (1.6 tons)
5. Ukraine (1.3 tons)
6. France (1.3 tons)
7. Sweden (0.9 tons)
8. Latvia (0.8 tons)

Source: IndexBox Market Intelligence Platform