Estonia: Commercial Refrigeration Equipment Market 2020

Commercial Refrigeration Equipment Market Size in Estonia

The revenue of the commercial refrigeration equipment market in Estonia amounted to $X in 2018, picking up by X% against the previous year. In general, commercial refrigeration equipment consumption, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, the commercial refrigeration equipment market reached its peak level of $X. From 2011 to 2018, the growth of the commercial refrigeration equipment market failed to regain its momentum.

Commercial Refrigeration Equipment Production in Estonia

In value terms, commercial refrigeration equipment production stood at $X in 2018 estimated in export prices. Over the period under review, commercial refrigeration equipment production continues to indicate an outstanding increase. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Estonia commercial refrigeration equipment production peaked in 2018 and is expected to retain its growth in the near future.

Commercial Refrigeration Equipment Exports

Exports from Estonia

In 2018, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) exported from Estonia totaled X units, increasing by X% against the previous year. Over the period under review, commercial refrigeration equipment exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, commercial refrigeration equipment exports attained their peak of X units. From 2014 to 2018, the growth of commercial refrigeration equipment exports remained at a somewhat lower figure.

In value terms, commercial refrigeration equipment exports amounted to $X in 2018. Over the period under review, commercial refrigeration equipment exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Estonia exports peaked in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X units), distantly followed by Italy (X units), France (X units), Mexico (X units), the U.S. (X units), Singapore (X units) and Germany (X units) were the largest exporters of refrigerating and freezing equipment and heat pumps (except household type equipment), together achieving X% of total exports. South Korea (X units), Ireland (X units), Denmark (X units), Turkey (X units) and Belgium (X units) occupied a relatively small share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Ireland (+X%), Singapore (+X%), France (+X%), Italy (+X%), South Korea (+X%), Belgium (+X%), Denmark (+X%), Mexico (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Italy, France, Singapore, China, South Korea, Mexico and Ireland increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest commercial refrigeration equipment markets from Estonia were China ($X), Italy ($X) and the U.S. ($X), with a combined X% share of total exports. France, Germany, Mexico, Singapore, Ireland, Turkey, South Korea, Denmark, Belgium and Estonia lagged somewhat behind, together comprising a further X the main exporting countries, Singapore experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the commercial refrigeration equipment export price in Estonia amounted to $X per unit, jumping by X% against the previous year. Overall, the commercial refrigeration equipment export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X% year-to-year. Over the period under review, the export prices for refrigerating and freezing equipment and heat pumps (except household type equipment) attained their maximum at $X per unit in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports into Estonia

In 2018, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) imported into Estonia amounted to X units, jumping by X% against the previous year. In general, commercial refrigeration equipment imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. In that year, commercial refrigeration equipment imports reached their peak of X units. From 2011 to 2018, the growth of commercial refrigeration equipment imports remained at a lower figure.

In value terms, commercial refrigeration equipment imports totaled $X in 2018. In general, the total imports indicated temperate growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, commercial refrigeration equipment imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Estonia imports peaked at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units) and China (X units) were the main importers of refrigerating and freezing equipment and heat pumps (except household type equipment), together mixing up X% of total imports. Russia (X units), Indonesia (X units), France (X units), Australia (X units), Mexico (X units), the UK (X units), the Philippines (X units), the United Arab Emirates (X units) and Turkey (X units) occupied a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to commercial refrigeration equipment imports into the U.S. stood at +X%. At the same time, Indonesia (+X%), Germany (+X%), Mexico (+X%) and France (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The Philippines, Russia and Australia experienced a relatively flat trend pattern. By contrast, the UK (-X%), China (-X%), the United Arab Emirates (-X%) and Turkey (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Germany and Indonesia increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest commercial refrigeration equipment importing markets into Estonia were the U.S. ($X), Germany ($X) and France ($X), together comprising X% of total imports. China, the UK, Australia, Mexico, Russia, the United Arab Emirates, Turkey, the Philippines, Indonesia and Estonia lagged somewhat behind, together comprising a further X terms of the main importing countries, Indonesia recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The commercial refrigeration equipment import price in Estonia stood at $X per unit in 2018, picking up by X% against the previous year. Overall, the commercial refrigeration equipment import price, however, continues to indicate a moderate decrease. The growth pace was the most rapid in 2012 when the import price increased by X% y-o-y. Over the period under review, the import prices for refrigerating and freezing equipment and heat pumps (except household type equipment) attained their maximum at $X per unit in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform