Estonia: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Estonia

In 2022, the Estonian market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 61% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a noticeable slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in Estonia

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA declined to $X in 2022 estimated in export price. Overall, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Estonia

In 2022, shipments abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 66% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by 571% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022. In general, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 1,400%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Lithuania (X units), Latvia (X units) and Russia (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Estonia, with a combined 59% share of total exports. Austria, the United States, Thailand and Norway lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +31.6%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Austria ($X) and Lithuania ($X) constituted the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Estonia worldwide, with a combined 46% share of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of +31.5%, recorded 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

In 2022, the average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, dropping by -13% against the previous year. In general, the export price, however, showed a mild increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 123%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Thailand ($X per unit), while the average price for exports to Latvia ($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 Lithuania (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Estonia

After three years of decline, supplies from abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 120% to X units in 2022. Overall, imports, however, showed a deep setback. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 93% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel or semi-diesel electric generating set of output over X kVA but under X kVA to Estonia, with a 41% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.3% per year) and Italy (-10.4% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Estonia, comprising 42% of total imports. The second position in the ranking was held by France ($X), with a 17% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.6% per year) and Belgium (+183.5% per year).

Import Prices by Country

In 2022, the average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, declining by -18.9% against the previous year. Overall, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by 9.7% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Poland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+59.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform