For years, plastic production has been the leading industry in Hiiumaa, ranking highest in terms of turnover, added value, exports, and the number of employees. The sector’s major players primarily specialize in manufacturing plastic products through methods like injection molding, producing plastic packaging and films from recycled or biodegradable materials, and assembling various plastic goods. Key export markets include the Nordic countries.
Hiiumaa’s commerce sector is significantly impacted by (domestic) tourism and reliable connections. Consequently, this sector exhibits a pronounced seasonality, with turnover in the summer months significantly surpassing that of the winter months.
Hiiumaa municipality covers an area of 102,353 hectares, of which 68.5% is forested. The development of the forestry sector is strongly influenced by the performance of the sector’s largest company, OÜ HMPK, which relies heavily on exports for a significant portion of its revenue.
As of the end of 2021, Hiiumaa boasts 2,785 organic crop groups covering a total area of 14,387.5 hectares, according to the Register of Organic Farming. Approximately three-quarters of Hiiumaa’s organic land area consists of permanent grassland. By the close of 2021, Hiiumaa also housed 360 organic animal groups, with organic cattle accounting for over three-quarters of this total. Sheep make up 12% of the organic animal groups in Hiiumaa.
Agriculture has emerged as one of the most capital-intensive sectors, characterized by high production equipment costs and substantial entry expenses for new ventures. The primary contributors to the sector’s economic performance are dairy cattle farming and the production of sea buckthorn planting materials.
OÜ HIIUMAA AGRO
Hiiumaa Island in the Baltic Sea is encompassed by a range of waters, from the brisk and windswept North coast that opens to the open sea, to the calmer and more temperate Väinameri Sea in the South. This diversity of maritime conditions allows for year-round fishing opportunities, while Hiiumaa’s modest size offers the advantage of selecting fishing spots according to the prevailing wind direction.
Assists in locating the ideal site on Hiiumaa, connecting with business and training partners, liaising with local authorities and development centers on behalf of the company, and providing ongoing advice to foreign businesses on growth,
Kärdla 92411, Estonia