Estonia: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Estonia

The Estonian stone polishing machine market surged to $X in 2022, with an increase of 223% against the previous year. Overall, consumption saw a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Stone Polishing Machine Production in Estonia

In value terms, stone polishing machine production dropped remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 125,429,500%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Stone Polishing Machine Exports

Exports from Estonia

In 2022, the amount of grinding or polishing machines for working stone, ceramics and concrete exported from Estonia reduced notably to X units, falling by -81.1% against the previous year. In general, exports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 825% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, stone polishing machine exports fell notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 808% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X units) and Sweden (X units) were the main destinations of stone polishing machine exports from Estonia.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +14.9%).

In value terms, Finland ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Estonia, comprising 86% of total exports. The second position in the ranking was taken by Sweden ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland totaled +6.0%.

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, with a decrease of -47.6% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 234%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Sweden stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (-7.7%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Estonia

In 2022, overseas purchases of grinding or polishing machines for working stone, ceramics and concrete increased by 933% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stone polishing machine imports surged to $X in 2022. In general, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of stone polishing machine to Estonia, with a 86% share of total imports. Moreover, stone polishing machine imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X units), more than tenfold. The third position in this ranking was held by the Netherlands (X units), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +63.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+36.3% per year) and the Netherlands (+800.0% per year).

In value terms, Germany ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Estonia, comprising 78% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Denmark, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +56.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.1% per year) and Denmark (+2.2% per year).

Import Prices by Country

In 2022, the average stone polishing machine import price amounted to $X per unit, which is down by -62.1% against the previous year. Overall, the import price recorded a deep contraction. The growth pace was the most rapid in 2019 an increase of 384% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform