Estonia: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Estonia

The Estonian table-tennis equipment market surged to $X in 2022, growing by 23% against the previous year. Overall, consumption continues to indicate a buoyant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Table-Tennis Equipment Production in Estonia

In value terms, table-tennis equipment production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +77.6% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 65%. Table-tennis equipment production peaked in 2022 and is likely to continue growth in years to come.

Table-Tennis Equipment Exports

Exports from Estonia

Table-tennis equipment exports from Estonia soared to X tons in 2022, growing by 48% against the previous year. Over the period under review, exports showed modest growth. The pace of growth was the most pronounced in 2018 with an increase of 81%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, table-tennis equipment exports surged to $X in 2022. Overall, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), France (X tons) and Germany (X tons) were the main destinations of table-tennis equipment exports from Estonia, together comprising 61% of total exports. Poland, Sweden, Belgium, Lithuania, Spain, Latvia, Ukraine and Belarus lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +54.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for table-tennis equipment exported from Estonia were Germany ($X), France ($X) and Russia ($X), with a combined 47% share of total exports. Poland, Sweden, Belgium, Lithuania, Spain, Belarus, Latvia and Ukraine lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Spain, with a CAGR of +38.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average table-tennis equipment export price stood at $X per ton in 2022, waning by -22.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 76%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports into Estonia

In 2022, approx. X tons of articles and equipment for table-tennis were imported into Estonia; with an increase of 10% against 2021 figures. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 43% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, table-tennis equipment imports reached $X in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of table-tennis equipment imports to Estonia, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +36.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of articles and equipment for table-tennis to Estonia, comprising 55% of total imports. The second position in the ranking was taken by Japan ($X), with an 18% share of total imports. It was followed by China, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.8% per year) and China (+6.7% per year).

Import Prices by Country

The average table-tennis equipment import price stood at $X per ton in 2022, falling by -3.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 47% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform