Estonia: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Estonia

In 2022, the Estonian continuous-action elevators and conveyors market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption posted significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Continuous-Action Elevators And Conveyors in Estonia

In value terms, continuous-action elevators and conveyors production skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from Estonia

In 2022, after three years of decline, there was significant growth in overseas shipments of continuous-action elevators and conveyors, when their volume increased by X% to X units. Overall, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, continuous-action elevators and conveyors exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Finland (X units) was the main destination for continuous-action elevators and conveyors exports from Estonia, with a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to Finland exceeded the volume sent to the second major destination, Germany (X units), sixfold. The third position in this ranking was held by Russia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Russia (X% per year).

In value terms, Finland ($X) remains the key foreign market for continuous-action elevators and conveyors exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with an X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and France (X% per year).

Export Prices by Country

The average continuous-action elevators and conveyors export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Australia ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports into Estonia

In 2022, purchases abroad of continuous-action elevators and conveyors increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, continuous-action elevators and conveyors imports reached $X in 2022. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X units) constituted the largest continuous-action elevators and conveyors supplier to Estonia, accounting for a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from Finland exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was taken by Latvia (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Latvia (X% per year).

In value terms, Finland ($X) constituted the largest supplier of continuous-action elevators and conveyors to Estonia, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Finland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average continuous-action elevators and conveyors import price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 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 Italy ($X per unit), while the price for the Netherlands ($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 Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform