Estonia: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Estonia

In 2022, the Estonian market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids increased by 281% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed significant growth. Consumption of peaked in 2022 and is likely to continue growth in the immediate term.

Production of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Estonia

In value terms, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids reduced sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 104%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Estonia

After four years of growth, shipments abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -38.8% to X units in 2022. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 313% against the previous year. The exports peaked at X units in 2021, and then plummeted in the following year.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids shrank rapidly to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 110%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Austria (X units), Russia (X units) and the United States (X units) were the main destinations of exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Estonia, with a combined 49% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +372.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and Austria ($X) constituted the largest markets for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exported from Estonia worldwide, together accounting for 54% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +190.8%, 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 export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, with an increase of 6.8% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 220% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Ukraine ($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 Belarus (+69.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Estonia

In 2022, approx. X units of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids were imported into Estonia; dropping by -32.4% compared with the previous year. In general, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2013 when imports increased by 67% against the previous year. Imports peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids dropped markedly to $X in 2022. Overall, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 172% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids supplier to Estonia, with a 62% share of total imports. Moreover, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from China exceeded the figures recorded by the second-largest supplier, Lithuania (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+39.2% per year) and Germany (-9.1% per year).

In value terms, Germany ($X) constituted the largest supplier of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Estonia, comprising 13% of total imports. The second position in the ranking was held by the UK ($X), with a 6.6% share of total imports. It was followed by China, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.4% per year) and China (+17.0% per year).

Import Prices by Country

In 2022, the average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, which is down by -23.2% against the previous year. Overall, the import price, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when the average import price increased by 225% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 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 the UK ($X per unit), while the price for Lithuania ($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 (+87.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform