Estonia: Market for Aldehyde-Alcohols, Aldehyde-Ethers, Aldehyde-Phenols And Aldehydes With Other Oxygen Function 2024

Market Size for Aldehyde-Alcohols, Aldehyde-Ethers, Aldehyde-Phenols And Aldehydes With Other Oxygen Function in Estonia

The Estonian market for aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function contracted markedly to $X in 2023, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a perceptible descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Exports of Aldehyde-Alcohols, Aldehyde-Ethers, Aldehyde-Phenols And Aldehydes With Other Oxygen Function

Exports from Estonia

In 2023, shipments abroad of aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function decreased by X% to X kg, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X kg in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function reduced dramatically to $X in 2023. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Latvia (X kg), Turkey (X kg) and Switzerland (X kg) were the main destinations of exports of aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function from Estonia, together accounting for X% of total exports. Finland lagged somewhat behind, comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function exported from Estonia were Turkey ($X), Latvia ($X) and Switzerland ($X), together accounting for X% of total exports.

Turkey, with a CAGR of X%, saw the highest growth rate of 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 2023, the average export price for aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate temperate growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aldehyde-Alcohols, Aldehyde-Ethers, Aldehyde-Phenols And Aldehydes With Other Oxygen Function

Imports into Estonia

In 2023, approx. X tons of aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function were imported into Estonia; dropping by X% compared with 2022 figures. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, imports of aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function contracted notably to $X in 2023. Overall, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Latvia (X kg), Germany (X kg) and Norway (X kg) were the main suppliers of imports of aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function to Estonia, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function suppliers to Estonia were the United States ($X), Latvia ($X) and Germany ($X), with a combined X% share of total imports.

Germany, 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 2023, the average import price for aldehyde-alcohols, aldehyde-ethers, aldehyde-phenols and aldehydes with other oxygen function amounted to $X per ton, rising by X% against the previous year. In general, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform