Estonia: Metal Treating Machine Market 2025

Metal Treating Machine Market Size in Estonia

In 2022, the Estonian metal treating machine market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, continues to indicate a deep setback. Metal treating machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Metal Treating Machine Production in Estonia

In value terms, metal treating machine production shrank remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021, and then contracted dramatically in the following year.

Metal Treating Machine Exports

Exports from Estonia

Metal treating machine exports from Estonia soared to X units in 2022, jumping by X% against 2021. In general, exports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, metal treating machine exports soared to $X in 2022. Overall, exports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Finland (X units) was the main destination for metal treating machine exports from Estonia, accounting for a X% share of total exports. Moreover, metal treating machine exports to Finland exceeded the volume sent to the second major destination, Russia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Sweden (X% per year).

In value terms, Finland ($X) remains the key foreign market for machines for treating metal, having individual functions exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Sweden (X% per year).

Export Prices by Country

The average metal treating machine export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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 Sweden ($X per unit), while the average price for exports to Finland ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Treating Machine Imports

Imports into Estonia

In 2022, purchases abroad of machines for treating metal, having individual functions increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, metal treating machine imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and Turkey (X units) were the main suppliers of metal treating machine imports to Estonia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Italy ($X) and Germany ($X) were the largest metal treating machine suppliers to Estonia, with a combined X% share of total imports. Turkey, China, the Czech Republic, Finland and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, with a CAGR of X.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal treating machine import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a 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 Switzerland ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform