Estonia: Vices And Clamps Market 2024

Vices And Clamps Market Size in Estonia

The Estonian vices and clamps market skyrocketed to $X in 2022, increasing by 82% 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, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Vices And Clamps Exports

Exports from Estonia

In 2022, exports of vices and clamps from Estonia reduced dramatically to X tons, dropping by -18.1% compared with the previous year. Overall, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, vices and clamps exports fell notably to $X in 2022. In general, exports showed a slight descent. The most prominent rate of growth was recorded in 2018 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

Latvia (X tons), Lithuania (X tons) and Russia (X tons) were the main destinations of vices and clamps exports from Estonia, together comprising 87% of total exports. Poland, Switzerland, Finland, Ukraine and Kazakhstan lagged somewhat behind, together accounting for a further 9%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +174.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Russia ($X) and Lithuania ($X) constituted the largest markets for vices and clamps exported from Estonia worldwide, with a combined 78% share of total exports. Poland, Switzerland, Finland, Ukraine and Kazakhstan lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Switzerland, with a CAGR of +132.3%, saw the highest growth rate of the value of exports, 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 vices and clamps export price amounted to $X per ton, with a decrease of -6.9% against the previous year. Overall, the export price recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of 49%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vices And Clamps Imports

Imports into Estonia

In 2022, overseas purchases of vices and clamps were finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vices and clamps imports skyrocketed to $X in 2022. Overall, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and Spain (X tons) were the main suppliers of vices and clamps imports to Estonia, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +79.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vices and clamps to Estonia, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Spain, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.9% per year) and Spain (+85.3% per year).

Import Prices by Country

The average vices and clamps import price stood at $X per ton in 2022, growing by 7.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 21%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform