Estonia: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Estonia

The Estonian market for window or wall air conditioning systems, self-contained or split-systems expanded remarkably to $X in 2022, increasing by 13% 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, however, recorded a noticeable curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Estonia

Exports of window or wall air conditioning systems, self-contained or split-systems from Estonia soared to X units in 2022, rising by 40% on the previous year's figure. Overall, exports recorded a notable expansion. The growth pace was the most rapid in 2018 with an increase of 65%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems surged to $X in 2022. Over the period under review, exports posted perceptible growth. The pace of growth appeared the most rapid in 2017 with an increase of 34%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X units) was the main destination for exports of window or wall air conditioning systems, self-contained or split-systems from Estonia, accounting for a 35% share of total exports. Moreover, exports of window or wall air conditioning systems, self-contained or split-systems to Sweden exceeded the volume sent to the second major destination, Lithuania (X units), twofold. Norway (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+13.2% per year) and Norway (+11.5% per year).

In value terms, Sweden ($X) remains the key foreign market for window or wall air conditioning systems, self-contained or split-systems exports from Estonia, comprising 35% of total exports. The second position in the ranking was held by Lithuania ($X), with a 14% share of total exports. It was followed by Norway, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+12.9% per year) and Norway (+11.3% per year).

Export Prices by Country

In 2022, the average export price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, with a decrease of -14.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 26%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per unit) and Denmark ($X per unit), while the average price for exports to Ukraine ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Estonia

In 2022, approx. X units of window or wall air conditioning systems, self-contained or split-systems were imported into Estonia; growing by 31% on 2021 figures. Over the period under review, imports posted slight growth. The pace of growth appeared the most rapid in 2017 with an increase of 49%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems skyrocketed to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X units), China (X units) and Sweden (X units) were the main suppliers of imports of window or wall air conditioning systems, self-contained or split-systems to Estonia, with a combined 83% share of total imports. The Czech Republic, Myanmar, Poland, Germany and Thailand lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +42.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Sweden ($X) were the largest window, wall, or split air conditioning system suppliers to Estonia, with a combined 83% share of total imports. The Czech Republic, Myanmar, Poland, Germany and Thailand lagged somewhat behind, together accounting for a further 11%.

The Czech Republic, with a CAGR of +40.5%, saw the highest growth rate of the value of imports, among the main suppliers 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 window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, falling by -4.2% against the previous year. Over the period under review, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Myanmar ($X per unit) and Poland ($X per unit), while the price for Thailand ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform