Estonia: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2025

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Estonia

The Estonian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles fell to $X in 2022, with a decrease of -7.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.1% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Estonia

In 2022, after three years of growth, there was significant decline in overseas shipments of tyres for agriculture, forestry, construction, industry and other off the road vehicles, when their volume decreased by -15.8% to X units. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 34% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X units), Finland (X units) and Lithuania (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Estonia, together comprising 82% of total exports. Russia, Sweden, Poland, Belgium, Kazakhstan and Cuba lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +1,141.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Estonia, comprising 53% of total exports. The second position in the ranking was held by Latvia ($X), with a 21% share of total exports. It was followed by Finland, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-4.7% per year) and Finland (-7.3% per year).

Export Prices by Country

In 2022, the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, increasing by 99% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Belgium ($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 Russia (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Estonia

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were imported into Estonia; with a decrease of -8.7% on the previous year. Overall, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced to $X in 2022. In general, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of agricultural, construction and industrial machinery tyre to Estonia, accounting for a 36% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. Latvia (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.0% per year) and Latvia (+2.6% per year).

In value terms, the largest agricultural, construction and industrial machinery tyre suppliers to Estonia were India ($X), the Czech Republic ($X) and Latvia ($X), together accounting for 35% of total imports. Finland, China, Russia, Turkey, Poland, Sri Lanka and Indonesia lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Turkey, with a CAGR of +13.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, waning by -2.3% against the previous year. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 52%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform