Estonia: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Estonia

The Estonian market for pulley tackle and hoists powered by an electric motor fell notably to $X in 2022, shrinking by -41.5% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Estonia

In value terms, production of pulley tackle and hoists powered by an electric motor reached $X in 2022 estimated in export price. In general, production, however, recorded prominent growth. The growth pace was the most rapid in 2014 when the production volume increased by 159% against the previous year. Production of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Estonia

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were exported from Estonia; jumping by 194% against the previous year's figure. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 529%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of pulley tackle and hoists powered by an electric motor surged to $X in 2022. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 864%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Finland (X units), Lithuania (X units) and Latvia (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Estonia, together accounting for 87% of total exports. The UK, Russia and Turkey lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +88.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pulley tackle and hoists powered by an electric motor exported from Estonia were Russia ($X), Lithuania ($X) and Latvia ($X), with a combined 73% share of total exports.

Lithuania, with a CAGR of +40.7%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, growing by 6.5% against the previous year. Overall, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 410% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Finland ($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 Hong Kong SAR (+86.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Estonia

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were imported into Estonia; shrinking by -5.2% compared with 2021 figures. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.7% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 42%. Over the period under review, imports of reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor reduced dramatically to $X in 2022. Over the period under review, imports, however, showed a tangible increase. The pace of growth appeared the most rapid in 2017 with an increase of 209%. Over the period under review, imports of reached the maximum at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Estonia, accounting for a 54% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Italy (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.9% per year) and Italy (+20.0% per year).

In value terms, Germany ($X), Finland ($X) and Italy ($X) constituted the largest pulley tackle and hoists powered by an electric motor suppliers to Estonia, with a combined 74% share of total imports. China, Switzerland and Taiwan (Chinese) lagged somewhat behind, together comprising a further 12%.

Taiwan (Chinese), with a CAGR of +63.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, waning by -29.1% against the previous year. Over the period under review, the import price recorded a mild contraction. The growth pace was the most rapid in 2017 an increase of 211% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform