Estonia: Electric Lamp Market 2024

Electric Lamp Market Size in Estonia

The Estonian electric lamp market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, continues to indicate a abrupt contraction. Electric lamp consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Electric Lamp Production in Estonia

In value terms, electric lamp production fell dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then contracted significantly in the following year.

Electric Lamp Exports

Exports from Estonia

In 2022, approx. X units of electric lamps were exported from Estonia; reducing by X% compared with 2021 figures. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, electric lamp exports surged to $X in 2022. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units), Latvia (X units) and Kazakhstan (X units) were the main destinations of electric lamp exports from Estonia, together accounting for X% of total exports. Sweden, Lithuania, China, Finland and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, Sweden ($X), Russia ($X) and Kazakhstan ($X) constituted the largest markets for electric lamp exported from Estonia worldwide, together comprising X% of total exports. Belgium, Latvia, Finland, Lithuania and China lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 electric lamp export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price recorded a buoyant increase. The export price peaked at $X per unit in 2020; however, from 2021 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 Sweden ($X per unit), while the average price for exports to China ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Lamp Imports

Imports into Estonia

For the eighth year in a row, Estonia recorded decline in overseas purchases of electric lamps, which decreased by X% to X units in 2022. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, electric lamp imports contracted to $X in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ukraine (X units) constituted the largest supplier of electric lamp to Estonia, with a X% share of total imports. Moreover, electric lamp imports from Ukraine exceeded the figures recorded by the second-largest supplier, Slovakia (X units), sixfold. Poland (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Poland (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of electric lamps to Estonia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average electric lamp import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price recorded a remarkable increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 Hungary ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform