Props for scaffolding, shuttering or pit-propping market in Estonia

Earlier Report Observations

The market volume for iron or steel props in Estonia fluctuated between 2018 and 2024, declining from 8 051 t to a low of 5 189 t in 2021 before recovering to a peak of 8 857 t in 2023 and settling at 7 269 t in 2024. In value terms, the market showed a different trajectory, contracting initially but then growing steadily from 16.7 million USD in 2021 to 26.4 million USD in 2024, indicating a significant increase in average prices over the latter period.

Domestic production mirrored the market's volatility, falling to 4 177 t in 2019 and 4 681 t in 2021, then rising to its highest point of 7 587 t in 2023. Imports remained a substantial component of supply, varying from 4 904 t to 7 816 t, while exports generally increased from 3 640 t to 5 082 t, reducing the net volume available for domestic consumption.

The divergence between physical volume and market value was most apparent in 2021, when the market shrank by over 30% in tonnes but expanded by nearly 24% in dollar terms, pointing to underlying changes in product value or cost structures within the construction sector.

Production props for scaffolding, shuttering or pit-propping in Estonia

In value, 2018-2021, K $ US

After two years of decline, production of props for scaffolding, shuttering, or pit-propping in Estonia has rebounded. In 2021, output reached 13 912 thousand US dollars, marking a sharp year-over-year increase of 35.9%. Looking at the period from 2018 to 2021, production grew by 22.4%, which translates to an average annual rate of 7.0%. The lowest point was in 2020, with a value of 10 235 thousand US dollars, while the largest decline occurred in 2019 at 9.2%.

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

In kind, 2018-2021, t

In 2021, Estonia produced 4 681 tonnes of props for scaffolding, shuttering, or pit-propping, representing a significant year-over-year decline of 10.9%. Over the 2018-2021 period, production fell by 17.7%, with a compound annual growth rate of -6.3%. The minimum volume was recorded in 2019 at 4 177 tonnes, which also saw the largest decline of 26.6%. In contrast, the largest increase occurred in 2020, with a rise of 25.8%.

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

Exports props for scaffolding, shuttering or pit-propping from Estonia

Exports in kind, t

Following two years of growth, Estonia's export volume of props for scaffolding, shuttering, or pit-propping declined in 2021. Exports totaled 4 396 tonnes, down by a robust 18.6% compared to 2020. From 2018 to 2021, exports increased by 20.8%, averaging an annualized growth rate of 6.5%. The peak was in 2020 at 5 401 tonnes, while the largest increase happened in 2019, with a jump of 35.6%.

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

Between 2018 and 2021, Latvia, Finland, and Lithuania were the main markets for Estonia's exports of props for scaffolding, shuttering, or pit-propping in volume terms. Latvia accounted for 40.1% of exports, Finland for 20.9%, and Lithuania for 16.9%. Together, these three countries represented 78.0% of total export flows.

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 two years of advances, Estonia's exports of props for scaffolding, shuttering, or pit-propping declined in 2021. Exports were valued at 9 302 thousand US dollars, down by 15.8% year-over-year. Over the 2018-2021 period, exports grew by 42.2%, equating to an annualized rate of 12.4%. The highest value was recorded in 2020 at 11 050 thousand US dollars, with the largest increase occurring in 2019 at 56.9%.

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

From 2018 to 2021, Latvia, Finland, and Lithuania formed the core group of markets for Estonia's exports of props for scaffolding, shuttering, or pit-propping in value terms. Latvia held a 35.6% share, Finland 26.5%, and Lithuania 12.9%. Combined, these three countries accounted for 75.0% 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 props for scaffolding, shuttering or pit-propping to Estonia

Imports in kind, t

Estonia's imports of props for scaffolding, shuttering, or pit-propping declined for the second consecutive year in 2021. Import volume came to 4 904 tonnes, which is 36.2% lower than the previous year. Over the 2018-2021 period, imports decreased by 18.3%, with a compound annual growth rate of -6.5%. The peak volume was in 2019 at 7 816 tonnes, which also saw the largest increase of 30.3%.

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

Between 2018 and 2021, Austria, Germany, and Poland were the primary suppliers of props for scaffolding, shuttering, or pit-propping to Estonia in volume terms. Austria accounted for 31.0% of imports, Germany for 20.2%, and Poland for 20.1%. Together, these three countries made up 71.3% of total import flows.

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

Estonia's imports of props for scaffolding, shuttering, or pit-propping fell for the second year in a row in 2021. Imports were valued at 12 106 thousand US dollars, marking a robust decline of 15.4% compared to the prior year. From 2018 to 2021, imports decreased by 2.7%, averaging an annualized rate of -0.9%. The highest value was recorded in 2019 at 15 169 thousand US dollars, with the largest increase also in 2019 at 21.9%.

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

Over the 2018-2021 period, Austria, Germany, and Poland were the main suppliers of props for scaffolding, shuttering, or pit-propping to Estonia in value terms. Austria held a 33.9% share, Germany 21.4%, and Poland 15.0%. Collectively, these three countries represented 70.3% 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