Isolating Switch Price in Estonia - 2023
Contents:
- Isolating Switch Price in Estonia (FOB) - 2022
- Isolating Switch Price in Estonia (CIF) - 2022
- Isolating Switch Exports in Estonia
- Isolating Switch Imports in Estonia
Isolating Switch Price in Estonia (FOB) - 2022
In 2022, the average isolating switch export price amounted to $32 per unit, shrinking by -1.7% against the previous year. Overall, the export price saw a noticeable reduction. The pace of growth appeared the most rapid in 2014 an increase of 147%. As a result, the export price reached the peak level of $64 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($37 per unit) and Kazakhstan ($37 per unit), while the average price for exports to Finland ($25 per unit) and Latvia ($26 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 Russia (-1.0%), while the prices for the other major destinations experienced a decline.
Isolating Switch Price in Estonia (CIF) - 2022
The average isolating switch import price stood at $46 per unit in 2022, growing by 44% against the previous year. In general, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 80%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 ($205 per unit), while the price for Spain ($14 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Isolating Switch Exports in Estonia
For the fourth consecutive year, Estonia recorded growth in overseas shipments of isolating switches & make-and-break switches, which increased by 0.6% to 52K units in 2022. The total export volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, isolating switch exports declined modestly to $1.7M in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, the exports attained the peak of $1.7M, and then contracted slightly in the following year.
| Export of Isolating Switch in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 557 | 344 | 448 | 522 | -2.1% |
| Lithuania | 138 | 232 | 361 | 475 | 51.0% |
| Latvia | 69.1 | 166 | 194 | 216 | 46.2% |
| Finland | 138 | 181 | 218 | 193 | 11.8% |
| Norway | 54.1 | 78.5 | 73.8 | 92.6 | 19.6% |
| Kazakhstan | 59.5 | 18.9 | 114 | 67.0 | 4.0% |
| Russia | 153 | 346 | 151 | 35.0 | -38.8% |
| Hungary | 67.3 | 44.6 | 49.0 | 2.5 | -66.6% |
| Others | 92.3 | 48.4 | 87.1 | 73.4 | -7.4% |
| Total | 1,328 | 1,459 | 1,696 | 1,677 | 8.1% |
Top Export Markets for Isolating Switch from Estonia in 2022:
- Poland (14.1K units)
- Lithuania (13.6K units)
- Latvia (8.2K units)
- Finland (7.7K units)
- Norway (3.5K units)
- Kazakhstan (1.8K units)
- Russia (1.1K units)
- Hungary (0.1K units)
Isolating Switch Imports in Estonia
In 2022, isolating switch imports into Estonia fell remarkably to 6.5K units, shrinking by -36.4% on the year before. In general, imports recorded a precipitous shrinkage. The smallest decline of -16.6% was in 2021. Imports peaked at 77K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, isolating switch imports reduced to $300K in 2022. Overall, imports showed a dramatic setback. Imports peaked at $1.6M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Isolating Switch in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 192 | 57.1 | 69.6 | 117 | -15.2% |
| Switzerland | 0.1 | N/A | N/A | 50.0 | 693.7% |
| Finland | 242 | 88.7 | 41.6 | 41.1 | -44.6% |
| Lithuania | 1.0 | N/A | 0.1 | 29.1 | 207.6% |
| Italy | 569 | 54.4 | 40.6 | 14.6 | -70.5% |
| Ukraine | N/A | N/A | 11.0 | 12.3 | 11.8% |
| Spain | 0.5 | 3.2 | 4.1 | 5.3 | 119.7% |
| Russia | 0.9 | 3.4 | 10.4 | 5.2 | 79.4% |
| Czech Republic | 281 | 4.6 | 54.3 | 2.8 | -78.5% |
| China | 41.4 | 9.2 | 0.1 | 1.8 | -64.8% |
| Latvia | 208 | 117 | N/A | N/A | -43.8% |
| Others | 53.9 | 57.7 | 96.2 | 19.9 | -28.3% |
| Total | 1,590 | 396 | 328 | 300 | -42.6% |
Top Suppliers of Isolating Switch to Estonia in 2022:
- Poland (3283.0 units)
- Lithuania (857.0 units)
- Italy (480.0 units)
- Ukraine (477.0 units)
- Spain (365.0 units)
- Switzerland (269.0 units)
- Russia (238.0 units)
- Finland (201.0 units)
- Czech Republic (16.0 units)
- China (3.0 units)
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