Estonia: Gouges And Chisels Market 2025

Gouges And Chisels Market Size in Estonia

After three years of growth, the Estonian gouges and chisels market decreased by -16.4% to $X in 2022. Overall, consumption, however, saw a prominent expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Gouges And Chisels Exports

Exports from Estonia

Gouges and chisels exports from Estonia contracted to X tons in 2022, with a decrease of -14% on 2021. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 16%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gouges and chisels exports declined to $X in 2022. In general, exports recorded a pronounced setback. The growth pace was the most rapid in 2019 with an increase of 21%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X kg), Lithuania (X kg) and Moldova (X kg) were the main destinations of gouges and chisels exports from Estonia, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Lithuania ($X) and Russia ($X) appeared to be the largest markets for gouges and chisels exported from Estonia worldwide, with a combined 84% share of total exports.

Lithuania, with a CAGR of +14.5%, 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

In 2022, the average gouges and chisels export price amounted to $X per ton, flattening at the previous year. In general, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2019 an increase of 56% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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 Latvia ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gouges And Chisels Imports

Imports into Estonia

After three years of growth, supplies from abroad of planes, chisels and gouges for working wood decreased by -21.9% to X tons in 2022. Over the period under review, imports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2016 with an increase of 147% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gouges and chisels imports fell to $X in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.1% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 81% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gouges and chisels to Estonia, with a 48% share of total imports. Moreover, gouges and chisels imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was held by Poland (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.1% per year) and Poland (+5.9% per year).

In value terms, China ($X), Germany ($X) and Spain ($X) appeared to be the largest gouges and chisels suppliers to Estonia, together comprising 48% of total imports. Poland, Lithuania, Taiwan (Chinese) and Finland lagged somewhat behind, together comprising a further 13%.

Lithuania, with a CAGR of +70.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 gouges and chisels import price amounted to $X per ton, increasing by 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 26%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform