Market research

Artificial and prepared waxes market in Estonia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for artificial and prepared waxes in Estonia experienced considerable volatility from 2018 to 2025. Starting at 3 323 tons in 2018, market volume dropped sharply to 1 940 tons in 2019, then recovered to a peak of 3 527 tons in 2022, before falling again to 1 803 tons in 2024 and an estimated 1 697 tons in 2025.

The most pronounced growth occurred between 2019 and 2022, when the market expanded by 82%. This upward trend reversed after 2022, with a 39% contraction by 2024 and a further slight decline in 2025.

With domestic production remaining minimal throughout the period, market volume movements reflected shifts in supply and demand conditions. By 2025, the implementation of new product accessibility requirements and the increasing role of digitalization began to shape the market environment.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Estonia
  1. 5.1.1. In kind, 2018-2024, kg
  2. 5.1.2. In value, 2018-2024, $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, kg
  2. 5.2.2. In value, 2018-2024, $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Estonia in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Estonia by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Estonia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Estonia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Estonia, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Estonia by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Estonia in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Estonia by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Estonia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Estonia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Estonia, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Estonia by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Estonia in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Estonia by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Estonia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Estonia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Estonia, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Estonia by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Estonia in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Estonia by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Estonia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Estonia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Estonia, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Estonia by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production artificial and prepared waxes in Estonia

In value, 2018-2021, $ US

Estonia's production of artificial and prepared waxes declined for the second year in a row. In 2021, output was valued at 2 366 US dollars, marking a significant 56.4% drop from the previous year. Looking at the period from 2018 to 2021, production fell by 49%, which translates to an average annual decrease of 20.1%. The peak value occurred in 2019 at 5 459 US dollars, with the largest increase that year of 17.6%.

Annual dynamics of production in Estonia in value, 2018-2021, $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	17.6%	(0.5%)	(56.4%)	(20.1%)

Source: SHEV.io

In kind, 2018-2021, kg

Production of artificial and prepared waxes in Estonia decreased for the second consecutive year. In 2021, Estonia produced 897 kilograms, showing a substantial year-on-year decline of 10.3%. From 2018 to 2021, overall production dropped by 10.3%, with a compound annual growth rate of -3.6%. The highest output was in 2019 at 1 200 kilograms, which saw the largest increase of 20.0%. The most significant decline occurred in 2020, with a 16.7% decrease.

Annual dynamics of production in Estonia in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	20.0%	(16.7%)	(10.3%)	(3.6%)

Source: SHEV.io

Exports artificial and prepared waxes from Estonia

Exports in kind, t

In 2021, Estonia exported 30 tonnes of artificial and prepared waxes, reflecting a strong 21.9% rise compared to the previous year. Over the 2018-2021 period, exports fell by 28.4%, averaging an annual decrease of 10.5%. The lowest export volume was in 2020 at 25 tonnes, while the peak was in 2019 at 57 tonnes. The sharpest decline happened in 2020 with a 56.9% drop, and the largest increase was in 2019 at 36.2%.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	36.2%	(56.9%)	21.9%	(10.5%)

Source: SHEV.io

From 2018 to 2021, Russia, Finland, and Latvia were the main destinations for Estonia's exports of artificial and prepared waxes by volume. Russia accounted for 51.4% of exports, Finland for 15.5%, and Latvia for 12.0%, together making up 79.0% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Estonia in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Estonia's exports of artificial and prepared waxes reached 522 thousand US dollars in 2021, showing a sharp 55.5% increase from the year before. Between 2018 and 2021, exports grew by 29.3%, with an average annual growth rate of 8.9%. The lowest value was recorded in 2020 at 336 thousand US dollars, and the highest in 2019 at 540 thousand US dollars. The most notable decline occurred in 2020 with a 37.9% drop.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	33.8%	(37.9%)	55.5%	8.9%

Source: SHEV.io

During 2018-2021, Russia, Switzerland, and Finland were the top buyers of artificial and prepared waxes from Estonia in value terms. Russia led with 51.9% of exports, followed by Switzerland at 11.0% and Finland at 7.6%, collectively representing 70.5% of total export value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Estonia in value, 2018-2021

Source: SHEV.io

Imports artificial and prepared waxes to Estonia

Imports in kind, t

Estonia's imports of artificial and prepared waxes increased for the second year in a row. In 2021, imports amounted to 2 863 tonnes, indicating a slight 1.7% uptick from 2020. From 2018 to 2021, imports decreased by 14.9%, averaging an annual decline of 5.2%. The lowest import volume was in 2019 at 1 996 tonnes, which saw the largest decline of 40.7%. The most significant increase occurred in 2020 with a 41.1% rise.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(40.7%)	41.1%	1.7%	(5.2%)

Source: SHEV.io

Between 2018 and 2021, Indonesia dominated Estonia's imports of artificial and prepared waxes by volume, holding an 85.3% share of total flows, while other markets contributed relatively smaller portions.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Estonia in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Estonia's imports of artificial and prepared waxes rose for the second consecutive year. In 2021, imports totaled 5 151 thousand US dollars, representing a 55.9% increase compared to the previous year. Over the 2018-2021 period, imports grew by 32.6%, with an average annual rate of 9.9%. The lowest value was in 2019 at 2 469 thousand US dollars, which experienced the largest decline of 36.4%.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(36.4%)	33.9%	55.9%	9.9%

Source: SHEV.io

From 2018 to 2021, Indonesia and Germany were the leading sources for Estonia's imports of artificial and prepared waxes in value terms, together accounting for 81.3% of total flows, with other partners playing a more minor role.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Estonia in value, 2018-2021

Source: SHEV.io