Report Update: May 1, 2024

Estonia - Iron or Steel Cans For Food And Drink - Market Analysis, Forecast, Size, Trends and Insights

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Price for Iron or Steel Can in Estonia - 2023

Price for Iron or Steel Can in Estonia (CIF) - 2023

The average iron or steel can import price stood at $261 per thousand units in September 2023, which is down by -19.3% against the previous month. Over the period under review, import price indicated a slight increase from September 2022 to September 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, iron or steel can import price decreased by -27.3% against July 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 33% m-o-m. The import price peaked at $360 per thousand units in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($422 per thousand units), while the price for Lithuania ($201 per thousand units) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Can in Estonia (FOB) - 2022

In 2022, the average iron or steel can export price amounted to $0.3 per unit, rising by 66% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average export price increased by 71%. As a result, the export price reached the peak level of $0.3 per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1.2 per unit), while the average price for exports to Germany ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Can in Estonia

In 2022, purchases abroad of iron or steel cans decreased by -20.6% to 14M units, falling for the second consecutive year after two years of growth. Overall, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 24%. As a result, imports attained the peak of 19M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, iron or steel can imports contracted sharply to $3M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. Imports peaked at $3.9M in 2021, and then declined sharply in the following year.

Import of Iron or Steel Can in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	861	1,570	1,876	1,949	31.3%
Germany	158	109	1,082	341	29.2%
Lithuania	N/A	14.5	104	313	364.6%
Latvia	1,648	1,536	437	111	-59.3%
Finland	177	136	106	98.6	-17.7%
Poland	0.8	1.2	44.3	92.2	386.6%
Others	224	157	212	126	-17.5%
Total	3,068	3,523	3,862	3,030	-0.4%

Top Suppliers of Iron or Steel Can to Estonia in 2022:

Switzerland (9.6M units)
Lithuania (1.7M units)
Germany (1.0M units)
Latvia (0.7M units)
Finland (0.6M units)
Poland (0.5M units)

Exports of Iron or Steel Can in Estonia

After three years of growth, overseas shipments of iron or steel cans decreased by -60.7% to 48K units in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,501% against the previous year. Over the period under review, the exports hit record highs at 123K units in 2021, and then fell dramatically in the following year.

In value terms, iron or steel can exports declined significantly to $15K in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,375%. Over the period under review, the exports reached the maximum at $22K in 2021, and then dropped significantly in the following year.

Export of Iron or Steel Can in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	N/A	N/A	N/A	13.0	0%
United States	0.8	2.6	0.3	0.9	4.0%
Finland	N/A	1.3	0.5	0.3	-52.0%
Norway	N/A	N/A	12.1	N/A	0%
Germany	0.2	15.8	N/A	N/A	7800.0%
Poland	N/A	N/A	1.7	N/A	0%
Belarus	N/A	N/A	7.9	N/A	0%
Others	0.3	0.2	N/A	0.4	10.1%
Total	1.4	19.9	22.5	14.6	118.5%

Top Export Markets for Iron or Steel Can from Estonia in 2022:

Netherlands (46.0K units)
Finland (1.0K units)
United States (0.8K units)
Germany (0.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel can in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25921133 - Cans used for preserving food and drink of iron or steel, < .50 l, food cans
Prodcom 25921135 - Cans used for preserving food and drink of iron or steel, < .50 l, drinks
Prodcom 25921150 - Cans other than for preserving food and drink of iron or steel, < .50 l

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023