Estonia: Cash Register Market Overview 2020

Cash Register Market Size in Estonia

The revenue of the cash register market in Estonia amounted to $X in 2018, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, cash register consumption continues to indicate a slight decline. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. Estonia cash register consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Cash Register Exports

Exports from Estonia

In 2018, the amount of cash registers exported from Estonia stood at X units, picking up by X% against the previous year. Over the period under review, cash register exports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, cash register exports attained their maximum at X units in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, cash register exports stood at $X in 2018. Over the period under review, cash register exports continue to indicate remarkable growth. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. Estonia exports peaked at $X in 2009; however, from 2010 to 2018, exports remained at a lower figure.

Exports by Country

China was the major exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Viet Nam (X units), Malaysia (X units) and Singapore (X units), together creating a X% share of total exports. The following exporters - Taiwan, Chinese (X units) and Indonesia (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to cash register exports from China stood at +X%. At the same time, Viet Nam (+X%), Malaysia (+X%), Taiwan, Chinese (+X%), Singapore (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of China (+X p.p.), Viet Nam (+X p.p.), Malaysia (+X p.p.), Singapore (+X p.p.) and Taiwan, Chinese (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cash register supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The cash register export price in Estonia stood at $X per unit in 2018, going up by X% against the previous year. Overall, the cash register export price, however, continues to indicate a temperate drop. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices for cash registers attained their maximum at $X per unit in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced a decline in the export price figures.

Cash Register Imports

Imports into Estonia

In 2018, the imports of cash registers into Estonia totaled X units, approximately mirroring the previous year. Overall, cash register imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, cash register imports reached their peak figure at X units in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, cash register imports amounted to $X in 2018. Overall, cash register imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, cash register imports attained their maximum at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. (X units), India (X units) and Singapore (X units) represented roughly X% of total imports of cash registers in 2018. It was distantly followed by Italy (X units), the UK (X units) and Russia (X units), together generating a X% share of total imports. The following importers - the Netherlands (X units), China, Hong Kong SAR (X units), Japan (X units), Germany (X units), Greece (X units) and France (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Russia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported cash registers into Estonia, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., cash register imports remained relatively stable over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the cash register import price in Estonia amounted to $X per unit, shrinking by -X% against the previous year. Over the period under review, the cash register import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 an increase of X% year-to-year. In that year, the import prices for cash registers attained their peak level of $X per unit. From 2010 to 2018, the growth in terms of the import prices for cash registers failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform