Estonia: Tools For Bearing Market 2025

Tools For Bearing Market Size in Estonia

In 2022, the Estonian tools for bearing market increased by 49% to $X, rising for the seventh consecutive year after three years of decline. In general, consumption posted a significant increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Tools For Bearing Exports

Exports from Estonia

In 2022, approx. X tons of balls, needles and rollers for ball or roller bearings were exported from Estonia; waning by -44.3% compared with the previous year's figure. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 2,101% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, tools for bearing exports surged to $X in 2022. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,440% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Kazakhstan (X tons) and Latvia (X kg) were the main destinations of tools for bearing exports from Estonia, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +24.3%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for balls, needles and rollers for ball or roller bearings exports from Estonia, comprising 61% of total exports. The second position in the ranking was taken by Russia ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+26.8% per year) and Latvia (+25.6% per year).

Export Prices by Country

In 2022, the average tools for bearing export price amounted to $X per ton, jumping by 299% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia ($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 Latvia (+2.8%).

Tools For Bearing Imports

Imports into Estonia

In 2022, overseas purchases of balls, needles and rollers for ball or roller bearings increased by 50% to X tons, rising for the seventh consecutive year after three years of decline. Overall, imports posted significant growth. The growth pace was the most rapid in 2017 when imports increased by 442% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tools for bearing imports surged to $X in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 156%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) was the main supplier of tools for bearing to Estonia, with a 100% share of total imports. It was followed by Sweden (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +119.2%.

In value terms, China ($X) constituted the largest supplier of balls, needles and rollers for ball or roller bearings to Estonia, comprising 98% of total imports. The second position in the ranking was taken by Sweden ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +72.4%.

Import Prices by Country

The average tools for bearing import price stood at $X per ton in 2022, waning by -9.7% against the previous year. Over the period under review, the import price saw a deep contraction. The growth pace was the most rapid in 2013 when the average import price increased by 54% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+31.4%).

Source: IndexBox Platform