Estonia: Interchangeable Tool Market 2020

Interchangeable Tool Market Size in Estonia

The revenue of the interchangeable tool market in Estonia amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, interchangeable tool consumption continues to indicate a temperate reduction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. In that year, the interchangeable tool market attained its peak level of $X. From 2015 to 2018, the growth of the interchangeable tool market remained at a lower figure.

Interchangeable Tool Production in Estonia

In value terms, interchangeable tool production stood at $X in 2018 estimated in export prices. Overall, interchangeable tool production continues to indicate a drastic decline. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Estonia interchangeable tool production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Interchangeable Tool Exports

Exports from Estonia

Interchangeable tool exports from Estonia totaled X tons in 2018, declining by -X% against the previous year. Over the period under review, interchangeable tool exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, interchangeable tool exports attained their maximum at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, interchangeable tool exports stood at $X in 2018. In general, interchangeable tool exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Estonia exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X tons), distantly followed by South Korea (X tons), Germany (X tons), Japan (X tons) and Italy (X tons) represented the key exporters of interchangeable tools for hand tools, together comprising X% of total exports. The U.S. (X tons), Taiwan, Chinese (X tons), Canada (X tons), Spain (X tons) and Turkey (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Turkey (+X%), Canada (+X%), South Korea (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan, Italy, the U.S. and Spain experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the U.S., South Korea, Italy, Taiwan, Chinese, Canada, Spain, Turkey and Estonia, which together accounted for a further X the main exporting countries, Turkey recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The interchangeable tool export price in Estonia stood at $X per ton in 2018, going down by -X% against the previous year. Overall, the interchangeable tool export price continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices for interchangeable tools for hand tools reached their maximum at $X per ton in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

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

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

Interchangeable Tool Imports

Imports into Estonia

In 2018, the amount of interchangeable tools for hand tools imported into Estonia totaled X tons, shrinking by -X% against the previous year. In general, the total imports indicated a slight expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, interchangeable tool imports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Estonia imports peaked at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, interchangeable tool imports amounted to $X in 2018. Over the period under review, interchangeable tool imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, interchangeable tool imports reached their peak figure at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), followed by Germany (X tons), China (X tons) and Spain (X tons) represented the largest importers of interchangeable tools for hand tools, together achieving X% of total imports. Mexico (X tons), Russia (X tons), France (X tons), the UK (X tons), India (X tons), Japan (X tons), Austria (X tons) and Brazil (X tons) occupied a relatively small share of total imports.

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

In value terms, the U.S. ($X), Germany ($X) and China ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. Mexico, France, India, Japan, Russia, the UK, Spain, Austria, Brazil and Estonia lagged somewhat behind, together comprising a further X terms of the main importing countries, Mexico experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the interchangeable tool import price in Estonia amounted to $X per ton, surging by X% against the previous year. Overall, the interchangeable tool import price, however, continues to indicate a temperate drop. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Estonia import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform