Estonia: Diagnostic Equipment Market 2020

Diagnostic Equipment Market Size in Estonia

The revenue of the diagnostic equipment market in Estonia amounted to $X in 2018, falling by -X% against the previous year. Overall, diagnostic equipment consumption continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Estonia diagnostic equipment consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Diagnostic Equipment Production in Estonia

In value terms, diagnostic equipment production stood at $X in 2018 estimated in export prices. In general, diagnostic equipment production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, diagnostic equipment production attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Diagnostic Equipment Exports

Exports from Estonia

In 2018, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exported from Estonia stood at X tons, increasing by X% against the previous year. Overall, diagnostic equipment exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. In that year, diagnostic equipment exports attained their peak of X tons. From 2017 to 2018, the growth of diagnostic equipment exports failed to regain its momentum.

In value terms, diagnostic equipment exports stood at $X in 2018. In general, diagnostic equipment exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. In that year, diagnostic equipment exports reached their peak of $X. From 2017 to 2018, the growth of diagnostic equipment exports remained at a lower figure.

Exports by Country

Germany (X tons), the U.S. (X tons) and China (X tons) represented roughly X% of total exports of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in 2018. It was distantly followed by the Netherlands (X tons), the UK (X tons) and Japan (X tons), together comprising a X% share of total exports. The following exporters - Italy (X tons), South Korea (X tons), Mexico (X tons), France (X tons) and Austria (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest diagnostic equipment markets from Estonia were the U.S. ($X), Germany ($X) and China ($X), together comprising X% of total exports.

China recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The diagnostic equipment export price in Estonia stood at $X per ton in 2018, surging by X% against the previous year. In general, the diagnostic equipment export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Estonia export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the UK ($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.

Diagnostic Equipment Imports

Imports into Estonia

In 2018, approx. X tons of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were imported into Estonia; falling by -X% against the previous year. In general, diagnostic equipment imports continue to indicate a moderate contraction. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Estonia imports peaked at X tons in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, diagnostic equipment imports stood at $X in 2018. Over the period under review, diagnostic equipment imports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. In that year, diagnostic equipment imports attained their peak of $X. From 2014 to 2018, the growth of diagnostic equipment imports remained at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), China (X tons), the Netherlands (X tons) and Japan (X tons) were the largest importers of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, together making up X% of total imports. France (X tons), Italy (X tons), the UK (X tons), Russia (X tons), Austria (X tons), India (X tons) and South Korea (X tons) occupied a relatively small share of total imports.

From 2007 to 2018, average annual rates of growth with regard to diagnostic equipment imports into the U.S. stood at +X%. At the same time, Austria (+X%), China (+X%), India (+X%), Italy (+X%), Germany (+X%), Japan (+X%), the UK (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. South Korea and France experienced a relatively flat trend pattern. By contrast, Russia (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), China (+X p.p.) and Germany (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus into Estonia, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2018, the diagnostic equipment import price in Estonia amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. Over the period under review, the import prices for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus reached their maximum at $X per ton in 2009; however, from 2010 to 2018, import prices remained at a lower figure.

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

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

Source: IndexBox Platform