Estonia: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Estonia

The Estonian trailer and semi-trailer market reduced to $X in 2022, shrinking by -10.3% against the previous year. Overall, consumption, however, saw a dramatic shrinkage. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Trailer And Semi-Trailer Production in Estonia

In value terms, trailer and semi-trailer production declined to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +78.9% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, production attained the peak level of $X, and then reduced in the following year.

Trailer And Semi-Trailer Exports

Exports from Estonia

After two years of growth, overseas shipments of cargo trailers and semi-trailers decreased by -15% to X units in 2022. In general, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 16% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, trailer and semi-trailer exports shrank to $X in 2022. Overall, total exports indicated a buoyant expansion 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, exports increased by +64.8% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Finland (X units), Sweden (X units) and Norway (X units) were the main destinations of trailer and semi-trailer exports from Estonia, with a combined 72% share of total exports. Latvia, Lithuania, Austria and Germany lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +11.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for trailer and semi-trailer exported from Estonia were Sweden ($X), Finland ($X) and Norway ($X), with a combined 65% share of total exports. Latvia, Lithuania, Austria and Germany lagged somewhat behind, together accounting for a further 20%.

Among the main countries of destination, Austria, with a CAGR of +12.8%, saw the highest rates of growth with regard to 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

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, with an increase of 4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 13%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Estonia

In 2022, purchases abroad of cargo trailers and semi-trailers increased by 43% to X units, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a pronounced increase. The growth pace was the most rapid in 2016 when imports increased by 61% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, trailer and semi-trailer imports soared to $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Turkey (X units) and Finland (X units) were the main suppliers of trailer and semi-trailer imports to Estonia, with a combined 53% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +29.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of cargo trailers and semi-trailers to Estonia, comprising 54% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 8.8% share of total imports. It was followed by Poland, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.3% per year) and Poland (+0.8% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, dropping by -18.5% against the previous year. Overall, the import price recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 54% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform