Estonia - Heat Pumps other than Air Conditioning Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHeat Pump Price in Estonia - 2023
Contents:
- Heat Pump Price in Estonia (CIF) - 2023
- Heat Pump Price in Estonia (FOB) - 2022
- Heat Pump Imports in Estonia
- Heat Pump Exports in Estonia
Heat Pump Price in Estonia (CIF) - 2023
The average heat pump import price stood at $7,260 per unit in October 2023, picking up by 6.6% against the previous month. In general, import price indicated a moderate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, heat pump import price increased by +56.2% against July 2023 indices. The growth pace was the most rapid in August 2023 when the average import price increased by 48% m-o-m. The import price peaked in October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($10,124 per unit), while the price for Lithuania ($3,462 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Sweden (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Heat Pump Price in Estonia (FOB) - 2022
The average heat pump export price stood at $6,554 per unit in 2022, increasing by 8.7% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($8,292 per unit), while the average price for exports to Lithuania ($3,140 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 Germany (+43.7%), while the prices for the other major destinations experienced more modest paces of growth.
Heat Pump Imports in Estonia
In 2022, imports of heat pumps other than air conditioning machines into Estonia rose significantly to 3.6K units, growing by 6.6% compared with 2021 figures. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, heat pump imports totaled $20M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Heat Pump in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.8 | 2.1 | 4.3 | 6.2 | 30.3% |
| Sweden | 7.0 | 5.8 | 6.0 | 5.7 | -6.6% |
| Germany | 1.7 | 1.6 | 3.5 | 4.0 | 33.0% |
| Belgium | N/A | 2.1 | 1.3 | 1.4 | -18.4% |
| Latvia | N/A | 1.6 | 1.5 | 1.2 | -13.4% |
| Italy | 1.1 | 0.6 | 0.6 | 0.7 | -14.0% |
| China | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Others | 0.5 | 0.2 | 0.6 | 0.6 | 6.3% |
| Total | 13.3 | 14.2 | 17.9 | 20.1 | 14.8% |
Top Suppliers of Heat Pump to Estonia in 2022:
- France (1062.0 units)
- Sweden (976.0 units)
- Germany (749.0 units)
- Belgium (262.0 units)
- Latvia (222.0 units)
- Italy (104.0 units)
- China (88.0 units)
Heat Pump Exports in Estonia
In 2022, shipments abroad of heat pumps other than air conditioning machines decreased by -7% to 345 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 114% against the previous year. The exports peaked at 371 units in 2021, and then contracted in the following year.
In value terms, heat pump exports reached $2.3M in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 94%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Heat Pump in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 703 | 1,271 | 1,772 | 1,820 | 37.3% |
| Poland | N/A | N/A | N/A | 141 | 0% |
| Lithuania | 2.8 | 9.6 | 206 | 129 | 258.5% |
| Germany | N/A | 36.2 | 57.7 | 87.7 | 55.6% |
| Latvia | 6.3 | 43.4 | 77.7 | 58.2 | 109.8% |
| Others | 41.8 | 99.7 | 124 | 25.8 | -14.9% |
| Total | 754 | 1,460 | 2,237 | 2,261 | 44.2% |
Top Export Markets for Heat Pump from Estonia in 2022:
- Finland (253.0 units)
- Lithuania (41.0 units)
- Poland (17.0 units)
- Latvia (16.0 units)
- Germany (13.0 units)
This report provides an in-depth analysis of the heat pump market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
Country coverage:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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