If you got a question, look no further.
We post the most common questions
in our FAQ section.
Please fill in the form below to receive a Free Sample of the Report.
Estonian Economy Is Changing GearsSince our last quarterly shipping report, we have marginally reduced estimated GDP growth for 2013 to1.9% (down from 2.1% previously) but we continue to forecast a brisk recovery in 2014, with growth of3.2%. In our view the Estonian economy is experiencing something of a gear change. Formerly propelled bygrowth in exports and fixed investment, the shape of growth is now shifting towards private consumption,which will prop up economic activity until external demand gradually recovers. Export growth slowedsignificantly in 2013, hardly surprising since we have been seeing a slowdown in just about all of Estonia'skey trading partners, including Russia, Sweden, Finland, and Latvia. The slowdown in fixed investmentreflects base effects: there had been a surge in public investment in 2012 as the government used theproceeds from carbon quota sales to fund construction projects. When this one-off stimulus ended in 2013 itcontributed to a sharp decline in headline gross fixed capital formation.The big driver for 2014 growth with be private consumption, supported by improving credit conditions, ahealthy labour market (unemployment fell to 8.1% in Q213 - lowest in almost five years), and sings ofgrowing purchasing power. There are also positive indications that residential construction activity maybegin to pick up in the near future.
Industry View 7SWOT 10Shipping 10Political 11Economic 12Business Environment 13Industry Forecast 14Port Of Tallinn Throughput 14Table: Major Port Data 22Table: Trade Overview 22Table: Key Trade Indicators 23Table: Top Import Partners, 2004-2012 24Table: Top Export Destinations 2004-2012 25Market Overview 26Estonia Container Shipping Market Overview 26Industry Trends And Developments 39Shipping - Global Industry View 42Box Demand: Container Outlook Strengthening In 2014 42Box Supply: Slowing New Vessel Deliveries To Decrease Overcapacity Pressure 59Table: Q313 Container Vessel Deliveries 60Table: 2013 Mega Vessel Orders 61Box Rates: Rate Push In Preparation For 2014 65Table: 2012 & 2013 SCFI Europe Base Port Average Freight Rate Overview 72Table: 2012 & 2013 SCFI USWC Base Port Average Freight Rate Overview 72Global Company Strategy 73Maersk Line 73Mediterranean Shipping Company 81CMA CGM 87Evergreen Line 94COSCO Container Lines Company 100Macroeconomic Forecasts 106Economic Activity 106Table: Estonia - GDP by Expenditure 112Demographic Forecast 114Demographic Outlook 114Table: Estonia's Population By Age Group, 1990-2020 ('000) 115Table: Estonia's Population By Age Group, 1990-2020 (% of total) 116Table: Estonia's Key Population Ratios, 1990-2020 117Table: Estonia's Rural And Urban Population, 1990-2020 117