Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia - 2024

Contents:

  1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia (CIF) - 2024
  2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia (FOB) - 2024
  3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia
  4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia (CIF) - 2024

In February 2024, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $372 per unit, waning by -19.6% against the previous month. Overall, import price indicated slight growth from April 2023 to February 2024: its price increased at an average monthly rate of +1.4% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, import price for sanitary ware and parts thereof, of iron or steel increased by +40.6% against October 2023 indices. The most prominent rate of growth was recorded in January 2024 an increase of 38% m-o-m. As a result, import price attained the peak level of $463 per unit, and then dropped sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($636 per unit), while the price for China ($114 per unit) was amongst the lowest.

From April 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Poland (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia (FOB) - 2024

In February 2024, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $329 per unit, with an increase of 83% against the previous month. In general, the export price showed a pronounced expansion. The growth pace was the most rapid in July 2023 an increase of 85% month-to-month. As a result, the export price reached the peak level of $420 per unit. From August 2023 to February 2024, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In February 2024, the country with the highest price was Kazakhstan ($2,364 per unit), while the average price for exports to the UK ($89.4 per unit) was amongst the lowest.

From April 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia

Imports of sanitary ware and parts thereof, of iron or steel into Estonia stood at 778K units in 2022, remaining stable against the previous year. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 4.2%. Imports peaked at 1.3M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of sanitary ware and parts thereof, of iron or steel expanded remarkably to $14M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2.02.43.14.026.0%
Lithuania2.01.82.12.00.0%
Finland2.12.02.31.9-3.3%
Poland1.21.21.41.814.5%
Latvia0.60.91.21.122.4%
Netherlands0.20.30.40.535.7%
Italy0.70.40.50.4-17.0%
China0.40.20.20.3-9.1%
Others1.51.11.41.74.3%
Total10.710.312.813.78.6%

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

  1. Poland (184.3K units)
  2. Lithuania (160.1K units)
  3. Latvia (115.2K units)
  4. Germany (101.3K units)
  5. Finland (80.1K units)
  6. Netherlands (30.6K units)
  7. China (28.6K units)
  8. Italy (16.0K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia

For the third year in a row, Estonia recorded decline in overseas shipments of sanitary ware and parts thereof, of iron or steel, which decreased by -13.8% to 101K units in 2022. In general, exports saw a abrupt descent. The smallest decline of -8% was in 2021. Over the period under review, the exports of reached the maximum at 154K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of sanitary ware and parts thereof, of iron or steel fell dramatically to $2M in 2022. Over the period under review, exports saw a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of $2.4M, and then shrank remarkably in the following year.

Export of Sanitary Ware and Parts Thereof, of Iron or Steel in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia11313.311353167.5%
Denmark17621345851943.4%
Norway11311325118718.3%
Germany37874228.9142-27.8%
Finland718415684111-46.3%
Sweden193225329109-17.3%
United Kingdom10.617.173.492.2105.7%
Hungary46.582.611258.27.8%
Latvia61.570.010947.6-8.2%
Others329194230200-15.3%
Total2,1382,0852,3891,998-2.2%

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

  1. Denmark (55.4K units)
  2. Norway (9.6K units)
  3. United Kingdom (6.3K units)
  4. Germany (6.1K units)
  5. Russia (5.8K units)
  6. Sweden (3.3K units)
  7. Finland (3.2K units)
  8. Latvia (2.3K units)
  9. Hungary (2.1K units)

Source: IndexBox Market Intelligence Platform

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