Estonia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Estonia

In 2022, the Estonian pneumatic linear acting actuator market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, saw a mild curtailment. Pneumatic linear acting actuator consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Pneumatic Linear Acting Actuators in Estonia

In value terms, pneumatic linear acting actuator production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a deep downturn. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Estonia

In 2022, the amount of pneumatic linear acting actuators exported from Estonia shrank dramatically to X units, declining by -52.7% compared with 2021 figures. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 59%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports amounted to $X in 2022. In general, exports saw a perceptible downturn. The growth pace was the most rapid in 2013 with an increase of 53%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X units), Russia (X units) and Armenia (X units) were the main destinations of pneumatic linear acting actuator exports from Estonia, with a combined 78% share of total exports. Kazakhstan, the United Arab Emirates, the United States, Lithuania and Latvia lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +216.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic linear acting actuator exported from Estonia were Russia ($X), Armenia ($X) and Turkey ($X), together accounting for 67% of total exports. The United Arab Emirates, Kazakhstan, the United States, Lithuania and Latvia lagged somewhat behind, together comprising a further 21%.

The United Arab Emirates, with a CAGR of +226.8%, saw the highest growth rate of 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 pneumatic linear acting actuator export price amounted to $X per unit, growing by 118% against the previous year. In general, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Lithuania ($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 Latvia (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Estonia

In 2022, approx. X units of pneumatic linear acting actuators were imported into Estonia; waning by -4.5% on the year before. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 111% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, pneumatic linear acting actuator imports surged to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 136% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest pneumatic linear acting actuator supplier to Estonia, with a 36% share of total imports. Moreover, pneumatic linear acting actuator imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X units), threefold. The third position in this ranking was held by Spain (X units), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+37.8% per year) and Spain (-4.2% per year).

In value terms, the largest pneumatic linear acting actuator suppliers to Estonia were Germany ($X), Latvia ($X) and Hungary ($X), with a combined 63% share of total imports.

In terms of the main suppliers, Latvia, with a CAGR of +80.2%, saw the highest growth rate of 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

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, with an increase of 28% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 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 Latvia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform