Estonia - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTruck Price in Estonia - 2023
Contents:
- Truck Price in Estonia (CIF) - 2023
- Truck Price in Estonia (FOB) - 2022
- Truck Imports in Estonia
- Truck Exports in Estonia
Truck Price in Estonia (CIF) - 2023
The average truck import price stood at $44,832 per unit in September 2023, picking up by 5.2% against the previous month. Over the period under review, the import price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in April 2023 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $55,727 per unit in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($55,248 per unit), while the price for Portugal ($30,619 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Truck Price in Estonia (FOB) - 2022
The average truck export price stood at $52,834 per unit in 2022, with an increase of 16% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, truck export price increased by +40.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 21%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($94,215 per unit), while the average price for exports to Slovakia ($9,604 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 Poland (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Truck Imports in Estonia
Truck imports into Estonia contracted slightly to 4.9K units in 2022, standing approx. at 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, imports reached the maximum at 5K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, truck imports expanded remarkably to $239M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.5% 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 +76.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Truck in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 41.1 | 42.8 | 66.4 | 86.9 | 28.3% |
| Poland | 5.9 | 11.8 | 21.0 | 33.9 | 79.1% |
| Norway | 0.1 | 16.4 | 30.1 | 28.3 | 556.5% |
| Germany | 22.1 | 19.6 | 22.3 | 23.4 | 1.9% |
| Spain | 11.1 | 0.6 | 0.8 | 11.6 | 1.5% |
| Finland | 2.0 | 6.2 | 7.5 | 7.7 | 56.7% |
| United Kingdom | 0.4 | 0.1 | 2.2 | 6.8 | 157.1% |
| Italy | 13.5 | 4.4 | 2.8 | 6.5 | -21.6% |
| Latvia | 0.3 | 5.7 | 8.0 | 6.1 | 172.9% |
| Portugal | N/A | N/A | 0.7 | 4.5 | 542.9% |
| Denmark | N/A | 1.2 | 3.8 | 3.9 | 80.3% |
| Belgium | 0.1 | 0.3 | 6.6 | 3.1 | 214.1% |
| Turkey | 3.7 | 3.0 | 3.8 | 2.9 | -7.8% |
| Others | 92.1 | 23.5 | 33.6 | 13.3 | -47.5% |
| Total | 192 | 136 | 210 | 239 | 7.6% |
Top Suppliers of Truck to Estonia in 2022:
- Sweden (1244.0 units)
- Poland (921.0 units)
- Norway (482.0 units)
- Germany (473.0 units)
- Spain (381.0 units)
- Finland (208.0 units)
- Italy (207.0 units)
- Latvia (181.0 units)
- United Kingdom (171.0 units)
- Portugal (154.0 units)
- Belgium (110.0 units)
- Turkey (82.0 units)
- Denmark (75.0 units)
Truck Exports in Estonia
In 2022, exports of trucks from Estonia expanded rapidly to 2.8K units, growing by 5.2% against the year before. The total export volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, truck exports surged to $145M in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 61%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Truck in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 26.0 | 19.5 | 21.8 | 29.8 | 4.7% |
| Lithuania | 15.8 | 15.5 | 25.7 | 26.4 | 18.7% |
| Netherlands | 6.0 | 9.7 | 17.3 | 23.4 | 57.4% |
| Finland | 15.6 | 13.2 | 17.2 | 20.1 | 8.8% |
| Germany | 1.0 | 1.1 | 2.2 | 7.4 | 94.9% |
| Sweden | 3.0 | 1.7 | 5.4 | 7.3 | 34.5% |
| Poland | 2.4 | 2.9 | 4.1 | 3.5 | 13.4% |
| Belgium | 1.2 | 0.7 | 5.4 | 1.5 | 7.7% |
| Slovakia | 0.3 | N/A | 0.4 | 1.1 | 54.2% |
| Others | 10.0 | 9.7 | 19.4 | 25.1 | 35.9% |
| Total | 81.2 | 74.0 | 119 | 145 | 21.3% |
Top Export Markets for Truck from Estonia in 2022:
- Lithuania (743.0 units)
- Latvia (715.0 units)
- Netherlands (248.0 units)
- Finland (241.0 units)
- Slovakia (117.0 units)
- Germany (96.0 units)
- Sweden (93.0 units)
- Belgium (53.0 units)
- Poland (49.0 units)
This report provides an in-depth analysis of the truck 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 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
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 trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
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Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
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Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
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Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
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Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
829
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
