Estonia - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Estonia - 2023
Contents:
- Thermostat Price in Estonia (FOB) - 2022
- Thermostat Price in Estonia (CIF) - 2022
- Thermostat Exports in Estonia
- Thermostat Imports in Estonia
Thermostat Price in Estonia (FOB) - 2022
In 2022, the average thermostat export price amounted to $23 per unit, with an increase of 6.4% against the previous year. Overall, the export price continues to indicate a notable increase. The growth pace was the most rapid in 2016 when the average export price increased by 143% against the previous year. The export price peaked at $62 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Finland ($38 per unit), while the average price for exports to Hungary ($3.3 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 the Netherlands (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Price in Estonia (CIF) - 2022
In 2022, the average thermostat import price amounted to $16 per unit, increasing by 22% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, thermostat import price increased by +109.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 71% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 Italy ($35 per unit), while the price for Switzerland ($3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Exports in Estonia
In 2022, shipments abroad of thermostats decreased by -11.4% to 368K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Over the period under review, the exports hit record highs at 415K units in 2021, and then dropped in the following year.
In value terms, thermostat exports reduced to $8.5M in 2022. Overall, exports faced a sharp reduction. The growth pace was the most rapid in 2021 when exports increased by 8.3%. The exports peaked at $18M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Thermostat in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 8.5 | 3.1 | 3.8 | 2.7 | -31.8% |
Sweden | 1.6 | 1.6 | 1.9 | 2.3 | 12.9% |
Norway | 1.1 | 1.2 | 1.4 | 1.2 | 2.9% |
Latvia | 0.1 | 0.3 | 0.7 | 0.8 | 100.0% |
Russia | 0.3 | 0.6 | 0.8 | 0.3 | 0.0% |
Netherlands | 1.5 | 0.5 | 0.1 | 0.1 | -59.5% |
United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
Hungary | N/A | N/A | N/A | N/A | 0% |
Italy | 4.3 | 0.7 | N/A | N/A | -83.7% |
Others | 0.3 | 0.3 | 0.5 | 0.8 | 38.7% |
Total | 17.8 | 8.4 | 9.1 | 8.5 | -21.8% |
Top Export Markets for Thermostat from Estonia in 2022:
- Sweden (126.7K units)
- Finland (72.2K units)
- Latvia (61.2K units)
- Norway (38.9K units)
- Russia (30.7K units)
- Hungary (12.5K units)
- United Kingdom (6.3K units)
- Italy (2.7K units)
- Netherlands (2.0K units)
Thermostat Imports in Estonia
In 2022, supplies from abroad of thermostats decreased by -24.7% to 393K units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 124%. As a result, imports attained the peak of 573K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, thermostat imports dropped to $6.3M in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports attained the peak of $6.9M, and then fell in the following year.
Import of Thermostat in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 214 | 157 | 1,019 | 1,031 | 68.9% |
France | 190 | 497 | 988 | 861 | 65.5% |
Denmark | 708 | 738 | 881 | 788 | 3.6% |
Italy | 204 | 194 | 1,041 | 699 | 50.8% |
China | 433 | 265 | 456 | 670 | 15.7% |
Germany | 557 | 575 | 551 | 652 | 5.4% |
Finland | 127 | 1,237 | 866 | 329 | 37.3% |
Sweden | 44.6 | 86.3 | 203 | 254 | 78.6% |
Switzerland | 35.0 | 33.1 | 51.8 | 45.2 | 8.9% |
Others | 471 | 618 | 800 | 976 | 27.5% |
Total | 2,984 | 4,400 | 6,857 | 6,305 | 28.3% |
Top Suppliers of Thermostat to Estonia in 2022:
- France (123.6K units)
- Denmark (42.2K units)
- Poland (41.6K units)
- Finland (41.6K units)
- China (38.9K units)
- Germany (29.0K units)
- Italy (19.9K units)
- Switzerland (14.8K units)
- Sweden (8.5K units)
This report provides an in-depth analysis of the thermostat 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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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Explore the top import markets for thermostats and their key statistics. Learn about the countries leading in the import of thermostats, backed by data from IndexBox market intelligence platform.
Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
Explore the top import markets for thermostats and their key statistics. Learn about the countries leading in the import of thermostats, backed by data from IndexBox market intelligence platform.
Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...