Estonia: Swivel Seat Market 2024

Swivel Seat Market Size in Estonia

In 2022, the Estonian swivel seat market was finally on the rise to reach $X after two years of decline. In general, consumption posted slight growth. Swivel seat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Swivel Seat Production in Estonia

In value terms, swivel seat production amounted to less than $X in 2022 estimated in export price. Overall, production continues to indicate a precipitous descent. The pace of growth was the most pronounced in 2013 when the production volume decreased by -37.3%. Swivel seat production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Swivel Seat Exports

Exports from Estonia

In 2022, the amount of swivel seats with variable height adjustments exported from Estonia reduced to X units, falling by -12.4% compared with 2021 figures. In general, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.2% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 68%. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, swivel seat exports reduced to $X in 2022. Overall, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 84% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Lithuania (X units), Latvia (X units) and Finland (X units) were the main destinations of swivel seat exports from Estonia, together comprising 66% of total exports. Russia, Hungary, Ukraine and the Czech Republic lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +104.7%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Lithuania ($X) and Finland ($X) constituted the largest markets for swivel seat exported from Estonia worldwide, together accounting for 64% of total exports. Russia, the Czech Republic, Hungary and Ukraine lagged somewhat behind, together accounting for a further 33%.

Hungary, with a CAGR of +99.1%, saw the highest growth rate of 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 swivel seat export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, swivel seat export price increased by +4.9% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 36%. The export price peaked at $X per unit in 2018; however, from 2019 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 the Czech Republic ($X per unit), while the average price for exports to Lithuania ($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 the Czech Republic (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Swivel Seat Imports

Imports into Estonia

In 2022, purchases abroad of swivel seats with variable height adjustments decreased by 0% to less than X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 61% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, swivel seat imports shrank markedly to $X in 2022. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2019, China (X units) constituted the largest swivel seat supplier to Estonia, accounting for a 33% share of total imports. Moreover, swivel seat imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was taken by Finland (X units), with a 6.7% share.

From 2017 to 2019, the average annual rate of growth in terms of volume from China amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+78.8% per year) and Finland (+30.4% per year).

In value terms, China ($X) constituted the largest supplier of swivel seats with variable height adjustments to Estonia, comprising 33% of total imports. The second position in the ranking was taken by Poland ($X), with a 9.6% share of total imports. It was followed by Finland, with a 6.7% share.

From 2017 to 2019, the average annual growth rate of value from China amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+73.9% per year) and Finland (+26.8% per year).

Import Prices by Country

In 2019, the average swivel seat import price amounted to $X per unit, with a decrease of -28.8% against the previous year. Overall, the import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 33%. As a result, import price reached the peak level of $X per unit, and then dropped notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the countries with the highest prices were Denmark ($X per unit) and Lithuania ($X per unit), while the price for Italy ($X per unit) and China ($X per unit) were amongst the lowest.

From 2017 to 2019, the most notable rate of growth in terms of prices was attained by Denmark (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform