Estonia: Smoothing Iron Market Overview 2020

Smoothing Iron Market Size in Estonia

The revenue of the smoothing iron 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). In general, smoothing iron consumption continues to indicate an extraordinary expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Estonia smoothing iron consumption peaked at $X in 2017, and then declined slightly in the following year.

Smoothing Iron Exports

Exports from Estonia

In 2018, the amount of electric smoothing irons exported from Estonia totaled X units, rising by X% against the previous year. In general, smoothing iron exports, however, continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Estonia exports peaked at X units in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, smoothing iron exports amounted to $X in 2018. In general, smoothing iron exports, however, continue to indicate a drastic reduction. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, smoothing iron exports attained their maximum at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X units) was the key exporter of electric smoothing irons, mixing up X% of total exports. Indonesia (X units) held the second position in the ranking, followed by France (X units) and Germany (X units). All these countries together held near X% share of total exports. The following exporters - Singapore (X units), the Netherlands (X units), Hungary (X units), Spain (X units) and Italy (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to smoothing iron exports from China stood at -X%. At the same time, the Netherlands (+X%), Indonesia (+X%), Hungary (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%), Germany (-X%) and Singapore (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Indonesia and the Netherlands increased by +X% and +X% percentage points, while Germany (-X p.p.), Singapore (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest smoothing iron supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of global exports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+X% per year) and France (+X% per year).

Export Prices by Country

In 2018, the smoothing iron export price in Estonia amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the export price indicated mild growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, smoothing iron export price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2008 when the export price increased by X% against the previous year. Estonia export price peaked at $X per unit in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Smoothing Iron Imports

Imports into Estonia

Smoothing iron imports into Estonia stood at X units in 2018, increasing by X% against the previous year. In general, smoothing iron imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, smoothing iron imports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, smoothing iron imports amounted to $X in 2018. In general, smoothing iron imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Estonia imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

The imports of the twelve major importers of electric smoothing irons, namely the U.S., Germany, Russia, France, the Netherlands, the UK, Mexico, Italy, South Africa, the United Arab Emirates, Turkey and Brazil, represented more than half of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Estonia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Russia, France, the UK, the Netherlands, the United Arab Emirates, Turkey, Mexico, Brazil, South Africa and Estonia lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the smoothing iron import price in Estonia amounted to $X per unit, coming down by -X% against the previous year. In general, the smoothing iron import price continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2012 when the import price increased by X% against the previous year. Estonia import price peaked at $X per unit in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform