Report Update Nov 1, 2024

Estonia - Furniture Designed to Receive Refrigerating or Freezing Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Estonia: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in Estonia

The Estonian refrigerator or freezer market surged to $X in 2022, rising by 65% against the previous year. In general, consumption, however, continues to indicate a deep contraction. Refrigerator or freezer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Refrigerator Or Freezer Production in Estonia

In value terms, refrigerator or freezer production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 24%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refrigerator Or Freezer Exports

Exports from Estonia

In 2019, shipments abroad of furniture designed to receive refrigerating or freezing equipment decreased by -86.5% to X units, falling for the fourth consecutive year after four years of growth. Overall, exports saw a precipitous decline. The growth pace was the most rapid in 2015 when exports increased by 568%. As a result, the exports reached the peak of X units. From 2016 to 2019, the growth of the exports remained at a somewhat lower figure.

In value terms, refrigerator or freezer exports skyrocketed to $X in 2019. In general, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 604% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2019, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X units) was the main destination for refrigerator or freezer exports from Estonia, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Latvia stood at +72.8%.

In value terms, Latvia ($X) emerged as the key foreign market for furniture designed to receive refrigerating or freezing equipment exports from Estonia.

From 2012 to 2019, the average annual growth rate of value to Latvia totaled +150.2%.

Export Prices by Country

In 2019, the average refrigerator or freezer export price amounted to $X per unit, picking up by 4,548% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Latvia.

From 2012 to 2019, the rate of growth in terms of prices for Sweden amounted to +163.4% per year.

Refrigerator Or Freezer Imports

Imports into Estonia

Refrigerator or freezer imports into Estonia surged to X units in 2022, jumping by 134% compared with the previous year's figure. Over the period under review, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 1,086%. 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, refrigerator or freezer imports soared to $X in 2022. In general, imports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 775%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of refrigerator or freezer to Estonia, with a 88% share of total imports. Moreover, refrigerator or freezer imports from Germany exceeded the figures recorded by the second-largest supplier, Lithuania (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-27.1% per year) and Italy (-36.6% per year).

In value terms, Germany ($X) constituted the largest supplier of furniture designed to receive refrigerating or freezing equipment to Estonia, comprising 79% of total imports. The second position in the ranking was held by Lithuania ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-25.1% per year) and Italy (-40.7% per year).

Import Prices by Country

In 2022, the average refrigerator or freezer import price amounted to $X per unit, waning by -46.9% against the previous year. Over the period under review, the import price recorded a mild setback. The most prominent rate of growth was recorded in 2016 an increase of 52%. The import price peaked at $X per unit in 2021, and then reduced sharply in the following year.

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 Lithuania ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

This report provides an in-depth analysis of the refrigerator or freezer market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28253030 - Furniture designed to receive refrigerating or freezing equipment (including evaporators, complete refrigerating units)

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023