Estonia: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Estonia

In 2022, the Estonian telephone apparatus market increased by 180% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a resilient expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Telephone Apparatus Production in Estonia

In value terms, telephone apparatus production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by 5.2%. Telephone apparatus production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Telephone Apparatus Exports

Exports from Estonia

For the sixth year in a row, Estonia recorded decline in shipments abroad of telephone apparatus, which decreased by -18.6% to X tons in 2022. Over the period under review, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2013 with an increase of 24%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, telephone apparatus exports dropped significantly to $X in 2022. Overall, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Sweden (X tons) and Poland (X tons) were the main destinations of telephone apparatus exports from Estonia, together accounting for 34% of total exports. The United Arab Emirates, China, Brazil, Germany, Mexico, Finland, Italy and Spain lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, 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 +48.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for telephone apparatus exports from Estonia, comprising 64% of total exports. The second position in the ranking was held by Sweden ($X), with a 7.9% share of total exports. It was followed by Germany, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-20.1% per year) and Germany (+11.5% per year).

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, rising by 47% against the previous year. Overall, the export price saw tangible growth. As a result, the export price reached 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 Italy ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Estonia

In 2022, supplies from abroad of telephone apparatus was finally on the rise to reach X tons after three years of decline. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 562%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, telephone apparatus imports declined to $X in 2022. Overall, imports, however, continue to indicate a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 51%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of telephone apparatus to Estonia, accounting for a 66% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), sevenfold. Sweden (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-1.1% per year) and Sweden (-21.6% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Estonia, comprising 27% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+29.0% per year) and the Netherlands (+27.2% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, growing by 68% against the previous year. In general, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 162%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+54.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform