Market research

Asphalt and bitumen articles market in Estonia

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Estonian market for asphalt and bitumen articles expanded significantly from USD 18.5 million in 2018 to a peak of USD 28.9 million in 2021, a growth of 56% over three years. This surge was primarily fueled by a more than doubling of domestic production value, which rose from USD 9.2 million to USD 18.5 million during the same period.

After 2021, the market contracted, falling to USD 24.1 million in 2022 and USD 19.2 million in 2023, before a slight recovery to USD 20.2 million in 2024. The decline coincided with a sharp drop in production value, which decreased to USD 14.9 million in 2022 and USD 10.8 million in 2023, while import values remained relatively stable between USD 9.4 million and USD 10.5 million annually.

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 value
    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 value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Estonia in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Estonia by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Estonia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Estonia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Estonia, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Estonia by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Estonia in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Estonia by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Estonia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Estonia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Estonia, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Estonia by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Estonia in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Estonia by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Estonia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Estonia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Estonia, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Estonia by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Estonia in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Estonia by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Estonia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Estonia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Estonia, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Estonia by countries, 2018-2025, $ US/t
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 asphalt and bitumen articles in Estonia

In value, 2018-2021, K $ US

Estonia's production of asphalt and bitumen articles has been growing for three consecutive years. In 2021, output reached 18 549 thousand US dollars, marking a sharp increase of 63.0% compared to the previous year. From 2018 to 2021, production rose by 102.5%, which translates to an average annual growth rate of 26.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	7.2%	15.9%	63.0%	26.5%

Source: SHEV.io

Exports asphalt and bitumen articles from Estonia

Exports in kind, t

The market exhibited volatility during the observed period. Exports peaked in 2018 and hit their lowest point in 2020, with a 3.9-fold difference between these years. In 2021, Estonia exported 125 tonnes of asphalt and bitumen articles, representing a sharp advance of 108.1% over the previous year. The minimum volume was recorded in 2020 at 60 tonnes, while the largest decline occurred in 2019, dropping by 69.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(69.6%)	(14.6%)	108.1%	(18.6%)

Source: SHEV.io

From 2018 to 2021, Finland, Sweden, and Iceland remained the top buyers of asphalt and bitumen articles from Estonia. Finland accounted for 32.5% of exports in kind, Sweden for 17.7%, and Iceland for 13.7%. Together, these three countries represented 63.9% of total exports in kind.

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

After two years of decline, the value of asphalt and bitumen articles exported from Estonia increased in 2021. Exports amounted to 155 thousand US dollars, showing an uptick of 4.5% compared to the previous year. From 2018 to 2021, exports decreased by 32.8%, equating to an annualized decline of 12.4%. The minimum value was recorded in 2020 at 148 thousand US dollars, and the largest decline occurred in 2019, falling by 21.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(21.1%)	(18.4%)	4.5%	(12.4%)

Source: SHEV.io

Between 2018 and 2021, Finland, Sweden, and Norway were the primary buyers of asphalt and bitumen articles from Estonia in value terms. Finland accounted for 32.9% of exports, Sweden for 20.3%, and Norway for 12.3%. Collectively, these three countries made up 65.6% of total exports in 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 asphalt and bitumen articles to Estonia

Imports in kind, t

Estonia's imports of asphalt and bitumen articles declined for the second consecutive year. In 2021, imports amounted to 18 132 tonnes, remaining relatively flat year-over-year. The largest decline was recorded in 2020, dropping by 1.2%, while the largest increase occurred in 2019, with no change from the previous year.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(0.0%)	(1.2%)	(0.1%)	(0.4%)

Source: SHEV.io

Throughout the period from 2018 to 2021, Russia was the main supplier of asphalt and bitumen articles to Estonia, accounting for 80.6% of total imports in kind. Other partners held relatively modest shares in the import market.

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

In 2021, Estonia's imports of asphalt and bitumen articles totaled 10 495 thousand US dollars, equivalent to a substantial increase of 11.6% year-over-year. Over the period from 2018 to 2021, imports grew by 9.4%, with a compound annual growth rate of 3.0%. The minimum value was recorded in 2020 at 9 402 thousand US dollars, and the largest decline occurred in the same year, falling by 3.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.4%	(3.4%)	11.6%	3.0%

Source: SHEV.io

From 2018 to 2021, Russia remained the main source of imports in value terms, accounting for 75.9% of total flows. The remaining share was distributed across various smaller markets.

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