Estonia: Market for Mechanical Shovels, Excavators And Shovel Loaders 2019

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Estonia

The revenue of the mechanical shovel and excavator market in Estonia amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, mechanical shovel and excavator consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Estonia mechanical shovel and excavator consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Estonia

In 2018, the exports of mechanical shovels, excavators and shovel loaders from Estonia totaled X units, declining by -X% against the previous year. Overall, mechanical shovel and excavator exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Estonia exports peaked at X units in 2017, and then declined slightly in the following year.

In value terms, mechanical shovel and excavator exports stood at $X in 2018. Overall, mechanical shovel and excavator exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Estonia exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

Oman prevails in mechanical shovel and excavator exports structure, accounting for X units, which was approx. X% of total exports in 2018. Japan (X units), China (X units), the UK (X units), South Korea (X units) and Uganda (X units) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the mechanical shovels, excavators and shovel loaders exports, with a CAGR of +X% from 2007 to 2018. At the same time, Uganda (+X%) and China (+X%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, Japan (-X%) and South Korea (-X%) illustrated a downward trend over the same period. While the share of Oman (+X p.p.) and Uganda (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest mechanical shovel and excavator supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

In Japan, mechanical shovel and excavator exports remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The mechanical shovel and excavator export price in Estonia stood at $X per unit in 2018, jumping by X% against the previous year. Over the period under review, the mechanical shovel and excavator export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% year-to-year. Over the period under review, the export prices for mechanical shovels, excavators and shovel loaders reached their maximum at $X per unit in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Estonia

In 2018, the imports of mechanical shovels, excavators and shovel loaders into Estonia stood at X units, rising by X% against the previous year. In general, mechanical shovel and excavator imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, mechanical shovel and excavator imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, mechanical shovel and excavator imports totaled $X in 2018. Over the period under review, mechanical shovel and excavator imports continue to indicate a measured 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, mechanical shovel and excavator imports reached their maximum in 2018 and are likely to continue its growth in the near future.

Imports by Country

The United Arab Emirates was the largest importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by Bahrain (X units), constituting a X% share of total imports. The following importers - Qatar (X units), Angola (X units), the U.S. (X units), Iraq (X units) and the Netherlands (X units) - together made up X% 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 Bahrain (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported mechanical shovels, excavators and shovel loaders into Estonia, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

In the U.S., mechanical shovel and excavator imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

The mechanical shovel and excavator import price in Estonia stood at $X per unit in 2018, dropping by -X% against the previous year. In general, the mechanical shovel and excavator import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2012 when the import price increased by X% y-o-y. Over the period under review, the import prices for mechanical shovels, excavators and shovel loaders reached their peak figure at $X per unit in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform