Estonia: Lamp Holder Market 2024

Lamp Holder Market Size in Estonia

The Estonian lamp holder market dropped dramatically to $X in 2022, with a decrease of -41.6% against the previous year. Over the period under review, consumption saw a deep setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Lamp Holder Production in Estonia

In value terms, lamp holder production declined sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 349%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Lamp Holder Exports

Exports from Estonia

In 2022, shipments abroad of lamp holders, plugs and sockets increased by 66% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 94%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, lamp holder exports dropped rapidly to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 71%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X tons), Poland (X tons) and Finland (X tons) were the main destinations of lamp holder exports from Estonia, with a combined 0.8% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +118.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lamp holder exported from Estonia were Russia ($X), Norway ($X) and Poland ($X), together comprising 70% of total exports.

In terms of the main countries of destination, Norway, with a CAGR of +86.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lamp holder export price stood at $X per ton in 2021, increasing by 23% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 86%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+41.6%), while the prices for the other major destinations experienced a decline.

Lamp Holder Imports

Imports into Estonia

In 2022, the amount of lamp holders, plugs and sockets imported into Estonia dropped to X tons, which is down by -12.2% on 2021 figures. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, lamp holder imports rose remarkably to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 26%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Finland (X tons), Germany (X tons) and Latvia (X tons) were the main suppliers of lamp holder imports to Estonia, with a combined 0.4% share of total imports. Poland, Sweden, Lithuania, China, the Netherlands, Turkey, France and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 0.3%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +24.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and Sweden ($X) appeared to be the largest lamp holder suppliers to Estonia, together accounting for 53% of total imports. The Netherlands, China, Lithuania, Latvia, Poland, France, Taiwan (Chinese) and Turkey lagged somewhat behind, together comprising a further 34%.

Lithuania, with a CAGR of +29.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lamp holder import price stood at $X per ton in 2021, with a decrease of -18.2% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform