Estonia: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Estonia

After two years of growth, the Estonian non-electric chainsaw market decreased by -7.9% to $X in 2022. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.7% against 2019 indices. Non-electric chainsaw consumption peaked at $X in 2021, and then shrank in the following year.

Non-Electric Chainsaw Exports

Exports from Estonia

In 2022, after two years of growth, there was significant decline in overseas shipments of chainsaws with a self-contained non-electric motor, when their volume decreased by -37.2% to X units. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-electric chainsaw exports dropped rapidly to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X units), Latvia (X units) and Belgium (X units) were the main destinations of non-electric chainsaw exports from Estonia, together accounting for 91% 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 Belgium (with a CAGR of +321.0%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Latvia ($X) and Belgium ($X) constituted the largest markets for non-electric chainsaw exported from Estonia worldwide, with a combined 93% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +363.6%, recorded 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 non-electric chainsaw export price amounted to $X per unit, rising by 34% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Norway ($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 Belgium (+10.1%), while the prices for the other major destinations experienced a decline.

Non-Electric Chainsaw Imports

Imports into Estonia

In 2022, after two years of growth, there was significant decline in purchases abroad of chainsaws with a self-contained non-electric motor, when their volume decreased by -22.6% to X units. In general, imports recorded a mild curtailment. The growth pace was the most rapid in 2020 when imports increased by 22%. Over the period under review, imports attained the peak figure at X units in 2021, and then fell dramatically in the following year.

In value terms, non-electric chainsaw imports fell to $X in 2022. Over the period under review, imports showed a perceptible setback. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric chainsaw to Estonia, with a 59% share of total imports. Moreover, non-electric chainsaw imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Sweden (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.9% per year) and Sweden (-0.3% per year).

In value terms, China ($X), Japan ($X) and Sweden ($X) constituted the largest non-electric chainsaw suppliers to Estonia, with a combined 85% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +3.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electric chainsaw import price stood at $X per unit in 2022, growing by 15% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 34%. As a result, import price attained the peak level of $X per unit. From 2015 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 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 Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform