Estonia: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in Estonia

The Estonian snow motor vehicle market shrank dramatically to $X in 2022, falling by -50.7% against the previous year. Overall, consumption recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Snow Motor Vehicle Production in Estonia

In value terms, snow motor vehicle production contracted notably to $X in 2022 estimated in export price. In general, production recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 76,382,600% against the previous year. Snow motor vehicle production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Snow Motor Vehicle Exports

Exports from Estonia

In 2022, shipments abroad of motor vehicles for travelling on snow or golf cars increased by 1,636% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a notable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 2,144% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, snow motor vehicle exports surged to $X in 2022. Overall, exports posted buoyant growth. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for snow motor vehicle exports from Estonia, accounting for a 65% share of total exports. Moreover, snow motor vehicle exports to Russia exceeded the volume sent to the second major destination, Lithuania (X units), threefold. The third position in this ranking was held by Kazakhstan (X units), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+46.6% per year) and Kazakhstan (+23.9% per year).

In value terms, the largest markets for snow motor vehicle exported from Estonia were Russia ($X), Lithuania ($X) and Kazakhstan ($X), together accounting for 88% of total exports.

Lithuania, with a CAGR of +49.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average snow motor vehicle export price stood at $X per unit in 2022, surging by 47% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while the average price for exports to Russia ($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 (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into Estonia

In 2022, overseas purchases of motor vehicles for travelling on snow or golf cars increased by 35% to X units, rising for the second consecutive year after two years of decline. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 451%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, snow motor vehicle imports skyrocketed to $X in 2022. Over the period under review, imports posted strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 493% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of snow motor vehicle to Estonia, accounting for a 63% share of total imports. Moreover, snow motor vehicle imports from the United States exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. Germany (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+10.8% per year) and Germany (+24.1% per year).

In value terms, the United States ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Estonia, comprising 61% of total imports. The second position in the ranking was taken by Finland ($X), with a 28% share of total imports. It was followed by Germany, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+12.5% per year) and Germany (+23.4% per year).

Import Prices by Country

The average snow motor vehicle import price stood at $X per unit in 2022, increasing by 129% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Finland ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform