Price for Chain and Parts Thereof, of Iron or Steel in Estonia - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Estonia (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Estonia (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Estonia
4. Exports of Chain and Parts Thereof, of Iron or Steel in Estonia

Price for Chain and Parts Thereof, of Iron or Steel in Estonia (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $5,806 per ton in 2022, increasing by 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2019 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $5,852 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($12,135 per ton), while the price for China ($2,346 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Estonia (FOB) - 2022

In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $8,032 per ton, jumping by 30% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 2018 an increase of 37% against the previous year. The export price peaked at $9,840 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($20,819 per ton), while the average price for exports to Finland ($3,457 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 Lithuania (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Estonia

In 2022, imports of chain and parts thereof, of iron or steel into Estonia expanded markedly to 1K tons, picking up by 6.1% against the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 42%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of chain and parts thereof, of iron or steel reached $6M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.0% 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 +57.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Estonia in 2022:

1. Finland (425.8 tons)
2. China (327.4 tons)
3. Germany (63.6 tons)
4. Belgium (30.8 tons)
5. Lithuania (30.1 tons)
6. Italy (29.0 tons)
7. Russia (23.6 tons)
8. Poland (21.7 tons)
9. Latvia (16.8 tons)
10. Czech Republic (13.4 tons)
11. Slovenia (2.4 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Estonia

In 2022, shipments abroad of chain and parts thereof, of iron or steel decreased by -42.8% to 134 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of 234 tons, and then dropped remarkably in the following year.

In value terms, exports of chain and parts thereof, of iron or steel declined dramatically to $1.1M in 2022. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of $1.4M, and then declined significantly in the following year.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Estonia in 2022:

1. Russia (34.0 tons)
2. Latvia (31.4 tons)
3. Finland (7.9 tons)
4. Kazakhstan (7.5 tons)
5. Sweden (4.9 tons)
6. United States (3.9 tons)
7. Denmark (2.2 tons)
8. Belarus (1.6 tons)
9. Lithuania (1.3 tons)

Source: IndexBox Market Intelligence Platform