Plastic Box Market Overview in Estonia
In value terms, plastic box production rose markedly to $ in 2019 estimated in export prices. Over the period under review, the total production indicated moderate growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in years to come.
The value of the plastic box market in Estonia fell dramatically to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a moderate expansion. The pace of growth was the most pronounced in 2014 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2018, and then fell notably in the following year.