Estonia: Printing Press Market 2024

Printing Press Market Size in Estonia

The Estonian printing press market expanded significantly to $X in 2022, picking up by 9.5% against the previous year. In general, consumption, however, recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Printing Press Production in Estonia

In value terms, printing press production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a slight curtailment. The pace of growth was the most pronounced in 2015 when the production volume increased by 3.1% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Printing Press Exports

Exports from Estonia

In 2022, approx. X units of printing presses were exported from Estonia; waning by -87.4% against 2021. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,040% against the previous year. As a result, the exports attained the peak of X units, and then fell remarkably in the following year.

In value terms, printing press exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 289%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for printing press exports from Estonia, accounting for a 52% share of total exports. Moreover, printing press exports to Germany exceeded the volume sent to the second major destination, Russia (X units), twofold. Turkey (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+10.1% per year) and Turkey (+16.7% per year).

In value terms, the largest markets for printing press exported from Estonia were Lithuania ($X), France ($X) and Russia ($X), with a combined 67% share of total exports. Poland, Italy, Latvia, Portugal, Germany and Turkey lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Portugal, with a CAGR of +1,225.8%, recorded the highest rates of growth with regard to 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 printing press export price stood at $X per unit in 2022, picking up by 1,350% against the previous year. In general, the export price, however, showed a noticeable descent. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Germany ($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 Portugal (+31,719.3%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into Estonia

In 2022, supplies from abroad of printing presses increased by 16% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 850%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, printing press imports skyrocketed to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 173% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Japan (X units) were the main suppliers of printing press imports to Estonia, with a combined 55% share of total imports. Switzerland, Lithuania, the UK and Denmark lagged somewhat behind, together accounting for a further 23%. Moreover, printing press imports in China exceeded the figures recorded by the second-largest supplier, Germany, twofold.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of printing presses to Estonia, comprising 45% of total imports. The second position in the ranking was held by Lithuania ($X), with a 3.3% share of total imports. It was followed by Switzerland, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+23.0% per year) and Switzerland (+20.2% per year).

Import Prices by Country

The average printing press import price stood at $X per unit in 2022, rising by 100% against the previous year. Over the period under review, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 4,813%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+391.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform