Estonia: Resistor Market 2024

Resistor Market Size in Estonia

In 2022, the Estonian resistor market decreased by X% to $X, falling for the third consecutive year after four years of growth. Overall, the total consumption indicated a temperate increase 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. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Resistor Production in Estonia

In value terms, resistor production contracted to $X in 2022 estimated in export price. In general, production showed a significant 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 in the following year.

Resistor Exports

Exports from Estonia

Resistor exports from Estonia skyrocketed to X units in 2022, increasing by X% on 2021. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, resistor exports rose significantly to $X in 2022. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Romania (X units), Germany (X units) and Latvia (X units) were the main destinations of resistor exports from Estonia, together accounting for X% 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 Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for resistor exported from Estonia were Latvia ($X), Romania ($X) and Germany ($X), together comprising X% of total exports.

Among the main countries of destination, Romania, with a CAGR of X%, saw 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

The average resistor export price stood at $X per thousand units in 2022, with a decrease of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per thousand units. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per thousand units), while the average price for exports to Sweden ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports

Imports into Estonia

In 2022, supplies from abroad of electrical resistors (except heating resistors) decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, resistor imports shrank to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of resistor to Estonia, with a X% share of total imports. Moreover, resistor imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by the UK (X units), with a X% share.

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

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) appeared to be the largest resistor suppliers to Estonia, with a combined X% share of total imports. The UK, Finland, Belgium, Sweden, Thailand and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw 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

In 2022, the average resistor import price amounted to $X per thousand units, rising by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per thousand units), while the price for Germany ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform