Estonia: Non-Household Fan Market 2024

Non-Household Fan Market Size in Estonia

In 2022, after two years of growth, there was significant decline in the Estonian non-household fan market, when its value decreased by -19.1% to $X. Overall, consumption saw a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Household Fan Production in Estonia

In value terms, non-household fan production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 75% against the previous year. Non-household fan production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Non-Household Fan Exports

Exports from Estonia

In 2022, non-household fan exports from Estonia declined notably to X units, waning by -44.2% on the previous year's figure. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 95% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-household fan exports reduced notably to $X in 2022. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 58%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for non-household fan exports from Estonia, with a 26% share of total exports. Moreover, non-household fan exports to Russia exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was held by India (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-13.9% per year) and India (+39.8% per year).

In value terms, Finland ($X), Russia ($X) and Sweden ($X) were the largest markets for non-household fan exported from Estonia worldwide, with a combined 52% share of total exports. The United States, Norway, South Korea, India and Latvia lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, India, with a CAGR of +41.8%, recorded 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 non-household fan export price stood at $X per unit in 2022, reducing by -11.8% against the previous year. In general, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of 74%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to India ($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 the United States (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Estonia

In 2022, the amount of non-household ventilation fans imported into Estonia fell sharply to X units, dropping by -21.9% on 2021. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 7%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-household fan imports plummeted to $X in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 35% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units), China (X units) and Sweden (X units) were the main suppliers of non-household fan imports to Estonia, together accounting for 70% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +231.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Germany ($X) constituted the largest non-household fan suppliers to Estonia, with a combined 61% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +298.9%, saw the highest rates of growth with regard to 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

In 2022, the average non-household fan import price amounted to $X per unit, approximately mirroring the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-household fan import price increased by +78.4% against 2016 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell slightly in the following year.

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 the Netherlands ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform