Estonia: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Estonia

The Estonian air conditioning machine market reduced sharply to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Air Conditioning Machine Production in Estonia

In value terms, air conditioning machine production reduced dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight increase. The growth pace was the most rapid in 2013 when the production volume increased by X%. Air conditioning machine production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Air Conditioning Machine Exports

Exports from Estonia

In 2022, exports of air conditioning machines from Estonia skyrocketed to X units, increasing by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports soared to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X units), Lithuania (X units) and Finland (X units) were the main destinations of air conditioning machine exports from Estonia, together comprising X% of total exports. Denmark, Norway, Latvia, the Netherlands, Russia and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for air conditioning machine exported from Estonia were Sweden ($X), Lithuania ($X) and Finland ($X), together comprising X% of total exports. Norway, Denmark, the Netherlands, Latvia, Russia and Ukraine lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, dropping by X% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Latvia ($X 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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Estonia

In 2022, air conditioning machine imports into Estonia surged to X units, rising by X% on the previous year. Over the period under review, imports, however, showed a slight decrease. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, air conditioning machine imports soared to $X in 2022. In general, imports continue to indicate a slight expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Sweden (X units), China (X units) and Germany (X units) were the main suppliers of air conditioning machine imports to Estonia, with a combined X% share of total imports. Lithuania, Latvia, the Netherlands, Poland, Italy, Thailand and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Lithuania ($X) constituted the largest air conditioning machine suppliers to Estonia, together accounting for X% of total imports. China, Latvia, Thailand, Italy, Poland, the Netherlands and Denmark lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then dropped in the following year.

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 Thailand ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform