Estonia: Home Appliance Market 2020

Home Appliance Market Size in Estonia

The revenue of the home appliance market in Estonia amounted to $X in 2018, waning by -X% against the previous year. Overall, home appliance consumption continues to indicate a drastic descent. The pace of growth was the most pronounced in 2013 when the market value increased by X% against the previous year. Estonia home appliance consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Home Appliance Production in Estonia

In value terms, home appliance production stood at $X in 2018 estimated in export prices. In general, home appliance production, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, home appliance production reached its maximum level at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

Home Appliance Exports

Exports from Estonia

Home appliance exports from Estonia amounted to X tons in 2018, jumping by X% against the previous year. Overall, home appliance exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, home appliance exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, home appliance exports amounted to $X in 2018. In general, home appliance exports continue to indicate a resilient increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Estonia exports peaked at $X in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

Exports by Country

China prevails in home appliance exports structure, accounting for X tons, which was approx. X% of total exports in 2018. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Mexico (X%) and the U.S. (X%). The following exporters - Italy (X tons), Belarus (X tons), Germany (X tons) and Ecuador (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to home appliance exports from China stood at +X%. At the same time, Mexico (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The U.S., Belarus and Germany experienced a relatively flat trend pattern. By contrast, Ecuador (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Mexico (+X p.p.) and Turkey (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest home appliance supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Italy (-X% per year).

Export Prices by Country

The home appliance export price in Estonia stood at $X per ton in 2018, coming down by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% year-to-year. Over the period under review, the export prices for domestic, non-electric, cooking or heating appliances attained their maximum at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Home Appliance Imports

Imports into Estonia

Home appliance imports into Estonia amounted to X tons in 2018, coming down by -X% against the previous year. In general, home appliance imports continue to indicate an abrupt slump. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, home appliance imports reached their peak figure at X tons in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, home appliance imports amounted to $X in 2018. In general, home appliance imports continue to indicate a moderate descent. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Estonia imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. was the key importer of domestic, non-electric, cooking or heating appliances in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2018. It was distantly followed by Germany (X tons), achieving a X% share of total imports. The following importers - the UK (X tons), France (X tons), Canada (X tons), the Netherlands (X tons), Russia (X tons), Algeria (X tons), Australia (X tons) and Saudi Arabia (X tons) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern of domestic, non-electric, cooking or heating appliances imports. At the same time, Algeria (+X%), Germany (+X%), the Netherlands (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France, the UK and Russia experienced a relatively flat trend pattern. By contrast, Canada (-X%) and Australia (-X%) illustrated a downward trend over the same period. Germany (+X p.p.) and Algeria (+X p.p.) significantly strengthened its position in terms of the global imports, while Australia saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported domestic, non-electric, cooking or heating appliances into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

In the U.S., home appliance imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2018, the home appliance import price in Estonia amounted to $X per ton, approximately reflecting the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the import prices for domestic, non-electric, cooking or heating appliances attained their maximum at $X per ton in 2017, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform