Estonia: Market for Pneumatic Or Hydraulic Hand Tools 2019

Market Size for Pneumatic Or Hydraulic Hand Tools in Estonia

The revenue of the market for pneumatic or hydraulic hand tools in Estonia amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, consumption of pneumatic or hydraulic hand tools continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Estonia consumption of pneumatic or hydraulic hand tools peaked at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Production of Pneumatic Or Hydraulic Hand Tools in Estonia

In value terms, production of pneumatic or hydraulic hand tools stood at $X in 2018 estimated in export prices. Overall, production of pneumatic or hydraulic hand tools continues to indicate a significant setback. Over the period under review, production of pneumatic or hydraulic hand tools reached its peak figure level at $X in 2009; however, from 2010 to 2018, production failed to regain its momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Estonia

In 2018, the amount of pneumatic or hydraulic hand tools exported from Estonia stood at X units, picking up by X% against the previous year. Over the period under review, exports of pneumatic or hydraulic hand tools, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Estonia exports peaked at X units in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, exports of pneumatic or hydraulic hand tools stood at $X in 2018. Over the period under review, exports of pneumatic or hydraulic hand tools, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports of pneumatic or hydraulic hand tools attained their maximum at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

China represented the major exporting country with an export of around X units, which recorded X% of total exports. Taiwan, Chinese (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Singapore (X%), Italy (X%) and Germany (X%). The following exporters - the U.S. (X units), Mexico (X units), Japan (X units) and Sweden (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to pneumatic or hydraulic hand tool exports from China stood at +X%. At the same time, Singapore (+X%), Italy (+X%), Germany (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Sweden (-X%), the U.S. (-X%), Japan (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Singapore (+X p.p.) and Italy (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Sweden (-X p.p.), Japan (-X p.p.), the U.S. (-X p.p.) and Taiwan, Chinese (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pneumatic or hydraulic hand tool markets from Estonia were China ($X), Germany ($X) and Taiwan, Chinese ($X), together comprising X% of total exports.

In terms of the main exporting countries, China recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price for pneumatic or hydraulic hand tools in Estonia stood at $X per unit in 2018, reducing by -X% against the previous year. Overall, the export price for pneumatic or hydraulic hand tools continues to indicate a measured drop. The pace of growth was the most pronounced in 2010 when the export price increased by X% against the previous year. Over the period under review, the export prices for pneumatic or hydraulic hand tools attained their peak figure at $X per unit in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

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

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

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Estonia

Imports of pneumatic or hydraulic hand tools into Estonia stood at X units in 2018, going down by -X% against the previous year. In general, imports of pneumatic or hydraulic hand tools continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports of pneumatic or hydraulic hand tools reached their peak figure at X units in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

In value terms, imports of pneumatic or hydraulic hand tools stood at $X in 2018. Overall, imports of pneumatic or hydraulic hand tools continue to indicate a significant descent. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports of pneumatic or hydraulic hand tools reached their peak figure at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the main importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Russia (X units), Canada (X units) and Chile (X units), together mixing up a X% share of total imports. Australia (X units), France (X units), India (X units), Germany (X units), Brazil (X units), Mexico (X units), Singapore (X units) and New Zealand (X units) held a relatively small share of total imports.

The U.S. experienced a relatively flat trend pattern of pneumatic or hydraulic hand tools imports. At the same time, Chile (+X%), India (+X%), New Zealand (+X%), Brazil (+X%), Russia (+X%), Singapore (+X%), Australia (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France and Canada experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Chile, Russia, the U.S. and India increased by +X%, +X%, +X% and +X% percentage points, while Germany (-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. ($X) constitutes the largest market for imported pneumatic or hydraulic hand tools into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the import price for pneumatic or hydraulic hand tools in Estonia amounted to $X per unit, jumping by X% against the previous year. Overall, the import price for pneumatic or hydraulic hand tools continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, the import prices for pneumatic or hydraulic hand tools attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

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

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

Source: IndexBox Platform