Estonia: Market for Iron Or Steel Solid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Estonia

For the third year in a row, the Estonian metal solid fuel appliances market recorded growth in sales value, which increased by 199% to $X in 2022. In general, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Estonia

In value terms, metal solid fuel appliances production shrank significantly to $X in 2022 estimated in export price. Overall, production, however, showed a mild curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 230%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Estonia

In 2022, after three years of growth, there was significant decline in shipments abroad of iron or steel solid fuel domestic appliances, when their volume decreased by -43% to X units. Overall, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 104% against the previous year. As a result, the exports reached the peak of X units, and then declined rapidly in the following year.

In value terms, metal solid fuel appliances exports contracted remarkably to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 85%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Finland (X units) was the main destination for metal solid fuel appliances exports from Estonia, accounting for a 45% share of total exports. Moreover, metal solid fuel appliances exports to Finland exceeded the volume sent to the second major destination, Lithuania (X units), threefold. Latvia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland amounted to -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+30.1% per year) and Latvia (+4.7% per year).

In value terms, Finland ($X) remains the key foreign market for iron or steel solid fuel domestic appliances exports from Estonia, comprising 38% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 12% share of total exports. It was followed by Latvia, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+27.4% per year) and Latvia (+4.3% per year).

Export Prices by Country

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, picking up by 36% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the average export price increased by 60%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Estonia

For the seventh consecutive year, Estonia recorded growth in overseas purchases of iron or steel solid fuel domestic appliances, which increased by 1.9% to X units in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 63% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, metal solid fuel appliances imports amounted to $X in 2022. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Serbia (X units) and Lithuania (X units) were the main suppliers of metal solid fuel appliances imports to Estonia, together accounting for 54% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Serbia ($X) and the Czech Republic ($X) appeared to be the largest metal solid fuel appliances suppliers to Estonia, with a combined 45% share of total imports. Lithuania, Poland, Slovakia, France, Bulgaria, China and Latvia lagged somewhat behind, together comprising a further 36%.

Lithuania, with a CAGR of +54.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, rising by 8.4% against the previous year. In general, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 37%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform