Estonia: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Estonia

The Estonian milling industry machinery market contracted markedly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Milling Industry Machinery Production in Estonia

In value terms, milling industry machinery production dropped notably to $X in 2022 estimated in export price. In general, production faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Milling Industry Machinery Exports

Exports from Estonia

In 2022, shipments abroad of milling industry machinery was finally on the rise to reach X units after two years of decline. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, milling industry machinery exports shrank remarkably to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Belgium (X units) was the main destination for milling industry machinery exports from Estonia, accounting for a X% share of total exports. Moreover, milling industry machinery exports to Belgium exceeded the volume sent to the second major destination, Russia (X units), threefold. Latvia (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Belgium ($X) remains the key foreign market for milling industry machinery exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

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

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, saw prominent growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Sweden ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Milling Industry Machinery Imports

Imports into Estonia

Milling industry machinery imports into Estonia soared to X units in 2022, with an increase of X% against the previous year. Over the period under review, imports, however, faced a deep contraction. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, milling industry machinery imports skyrocketed to $X in 2022. In general, imports, however, saw a deep downturn. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest supplier of milling industry machinery to Estonia, accounting for a X% share of total imports. Moreover, milling industry machinery imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. Latvia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Latvia (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of milling industry machinery to Estonia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The average milling industry machinery import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform