Estonia: Thermostat Market 2020

Thermostat Market Size in Estonia

The revenue of the thermostat market in Estonia amounted to $X in 2018, declining by -X% against the previous year. In general, thermostat consumption continues to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the thermostat market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Thermostat Production in Estonia

In value terms, thermostat production stood at $X in 2018 estimated in export prices. Overall, thermostat production continues to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2011 when production volume increased by X% year-to-year. Over the period under review, thermostat production reached its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Thermostat Exports

Exports from Estonia

In 2018, the thermostat exports from Estonia stood at X units, waning by -X% against the previous year. Over the period under review, thermostat exports continue to indicate a temperate downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, thermostat exports reached their peak of X units. From 2009 to 2018, the growth of thermostat exports remained at a lower figure.

In value terms, thermostat exports stood at $X in 2018. Overall, thermostat exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. In that year, thermostat exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

China (X units) and Japan (X units) represented roughly X% of total exports of thermostats in 2018. It was distantly followed by China, Hong Kong SAR (X units) and Mexico (X units), together achieving an X% share of total exports. Germany (X units), the Czech Republic (X units), Italy (X units), the U.S. (X units), Croatia (X units) and France (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Croatia, while the other leaders experienced more modest paces of growth.

In value terms, the largest thermostat markets from Estonia were China ($X), Germany ($X) and Mexico ($X), with a combined X% share of total exports.

In terms of the main exporting countries, China experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the thermostat export price in Estonia amounted to $X per unit, going up by X% against the previous year. Over the period under review, the thermostat export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X% y-o-y. In that year, the export prices for thermostats attained their peak level and is likely to continue its growth in the immediate term.

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

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

Thermostat Imports

Imports into Estonia

In 2018, the thermostat imports into Estonia totaled X units, going down by -X% against the previous year. Overall, thermostat imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, thermostat imports reached their peak figure at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, thermostat imports stood at $X in 2018. Over the period under review, thermostat imports continue to indicate mild growth. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, thermostat imports reached their peak figure at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

China, Hong Kong SAR represented the main importer of thermostats in the world, with the volume of imports finishing at X units, which was approx. X% of total imports in 2018. China (X units) held the second position in the ranking, followed by Germany (X units), the U.S. (X units), Mexico (X units) and Turkey (X units). All these countries together took approx. X% share of total imports. Italy (X units), the Czech Republic (X units), the UK (X units), India (X units), Brazil (X units) and Poland (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to thermostat imports into China, Hong Kong SAR stood at +X%. At the same time, India (+X%), Turkey (+X%), Brazil (+X%), China (+X%), Poland (+X%), Germany (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The Czech Republic experienced a relatively flat trend pattern. By contrast, the UK (-X%), the U.S. (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Hong Kong SAR, China and Turkey increased by +X%, +X% and +X% percentage points, while Italy (-X p.p.) and 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 U.S. ($X) constitutes the largest market for imported thermostats into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

In the U.S., thermostat imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

In 2018, the thermostat import price in Estonia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the thermostat import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2012 when the import price increased by X% y-o-y. Estonia import price peaked at $X per unit in 2015; however, from 2016 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 the U.S. ($X per unit), while China, Hong Kong SAR ($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.

Source: IndexBox Platform