Non-refractory mortars and concretes market in Estonia

Earlier Report Observations

The Estonian market for non-refractory mortars and concretes contracted significantly in physical volume from 2018 to 2022, with the annual market size falling from 1.9 million tons to 1.3 million tons. This decline was primarily due to a sustained drop in domestic production, which decreased by over 30% over those five years. The trend reversed in 2023 when production and market volume rebounded sharply by over 15%, before easing slightly in 2024.

In value terms, the market followed a different path. After declining from 90.6 million dollars in 2018 to 71.6 million dollars in 2021, the market's value recovered strongly, reaching 94.2 million dollars in 2023. This recovery in value outpaced the volume rebound, indicating a rise in average prices or a shift toward higher-value product segments during the latter part of the period.

The overall period from 2018 to 2024 was marked by considerable volatility, with the market undergoing a pronounced multi-year contraction followed by a strong, though incomplete, recovery in both volume and value.

Production non-refractory mortars and concretes in Estonia

In value, 2018-2021, K $ US

Estonia's production of non-refractory mortars and concretes declined for the third consecutive year. In 2021, output was valued at 73 277 thousand US dollars, marking a moderate decrease of 5.4% compared to 2020. From 2018 to 2021, production fell by 19.1%, which translates to an annualized decline rate of 6.8%.

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

In kind, 2018-2021, K t

Estonia's production of non-refractory mortars and concretes declined for the third consecutive year. In 2021, 1 395 thousand tonnes were produced, representing a robust decrease of 16.5% from the previous year. Between 2018 and 2021, production dropped by 27.9%, equating to an annualized rate of decline of 10.3%.

Annual dynamics of production in Estonia in kind, 2018-2021, K t

Exports non-refractory mortars and concretes from Estonia

Exports in kind, t

Estonia's exports of non-refractory mortars and concretes declined for the second consecutive year. In 2021, exports reached 17 087 tonnes, showing a strong decrease of 13.9% from 2020. Between 2018 and 2021, exports increased by 27.2%, with an annualized growth rate of 8.4%. The peak was recorded in 2019 at 22 552 tonnes, with the largest increase of 67.9% also occurring in that year.

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

From 2018 to 2021, Latvia and Lithuania together accounted for 91.5% of Estonia's total exports in kind, while other countries formed a diversified but less significant portion.

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

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

Exports in value, K $ US

After a two-year increase, Estonia's exports of non-refractory mortars and concretes declined. In 2021, exports were recorded at 3 094 thousand US dollars, down by 25.7% from 2020. Between 2018 and 2021, exports rose by 34.2%, with an annualized growth rate of 10.3%. The highest value was in 2020 at 4 165 thousand US dollars, which also saw the largest increase of 52.6%.

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

From 2018 to 2021, the leading destinations for Estonia's exports in value terms were Latvia (37.5%), Lithuania (34.7%), and Finland (18.0%), together accounting for 90.2% of total export flows.

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

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

Imports non-refractory mortars and concretes to Estonia

Imports in kind, t

After a two-year decline, Estonia's imports of non-refractory mortars and concretes increased. In 2021, imports amounted to 4 493 tonnes, showing a sharp gain of 66.3% compared to 2020. Over the period 2018-2021, imports grew by 40.5%, with a compound annual growth rate of 12.0%. The lowest value was in 2020 at 2 702 tonnes, which also experienced the largest decline of 13.2%.

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

From 2018 to 2021, Finland (33.6%), Germany (20.8%), and Lithuania (16.1%) were the main sources for Estonia's imports in kind, together absorbing 70.5% of total imports of non-refractory mortars and concretes.

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

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

Imports in value, K $ US

There were noticeable fluctuations in Estonia's import market during this period. Imports reached their lowest point in 2020 at 794 thousand US dollars and peaked in 2021 at 1 429 thousand US dollars, reflecting an intense increase of 79.8% from 2020. The largest decline of 19.3% was recorded in 2020.

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

From 2018 to 2021, the leading sources for Estonia's imports in value terms were Germany (25.1%), Europe, not elsewhere specified (24.5%), and Finland (23.2%), which jointly accounted for 72.8% of total import flows.

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

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