Estonia: Electro-Mechanical Tool Market 2020

Electro-Mechanical Tool Market Size in Estonia

The revenue of the electro-mechanical tool market in Estonia amounted to $X in 2018, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, electro-mechanical tool consumption continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the electro-mechanical tool market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Electro-Mechanical Tool Exports

Exports from Estonia

In 2018, approx. X units of electro-mechanical tools were exported from Estonia; increasing by X% against the previous year. In general, electro-mechanical tool exports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, electro-mechanical tool exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, electro-mechanical tool exports totaled $X in 2018. Over the period under review, electro-mechanical tool exports continue to indicate strong growth. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Estonia exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

China represented the largest exporting country with an export of around X units, which reached X% of total exports. Germany (X units) ranks second in terms of the total exports with a X% share, followed by Mexico (X%). Belgium (X units), Austria (X units), Hungary (X units), Malaysia (X units), the Netherlands (X units), the U.S. (X units), Romania (X units), the Czech Republic (X units) and Japan (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of electro-mechanical tools exports. At the same time, Romania (+X%), Austria (+X%), Malaysia (+X%), Hungary (+X%), the Netherlands (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Belgium, Mexico, Japan and the Czech Republic experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Austria, Hungary and Malaysia increased by +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The electro-mechanical tool export price in Estonia stood at $X per unit in 2018, shrinking by -X% against the previous year. Over the period under review, the electro-mechanical tool export price continues to indicate a moderate slump. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. In that year, the export prices for electro-mechanical tools reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the export prices for electro-mechanical tools remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Electro-Mechanical Tool Imports

Imports into Estonia

In 2018, approx. X units of electro-mechanical tools were imported into Estonia; coming down by -X% against the previous year. Overall, electro-mechanical tool imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Estonia imports peaked at X units in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, electro-mechanical tool imports stood at $X in 2018. Overall, electro-mechanical tool imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, electro-mechanical tool imports attained their peak figure at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units), Russia (X units), the UK (X units), France (X units) and the Netherlands (X units) were the main importers of electro-mechanical tools, together mixing up X% of total imports. Belgium (X units), Poland (X units), Canada (X units), Australia (X units), Italy (X units) and Japan (X units) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Russia (+X%), Australia (+X%), Poland (+X%), Germany (+X%), the UK (+X%), Japan (+X%), Canada (+X%) and France (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported electro-mechanical tools into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the U.S., electro-mechanical tool 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 France (+X% per year).

Import Prices by Country

In 2018, the electro-mechanical tool import price in Estonia amounted to $X per unit, surging by X% against the previous year. Overall, the import price indicated a modest expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. Over the period under review, the import prices for electro-mechanical tools attained their peak figure in 2018 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform