Estonia: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Estonia

For the fourth year in a row, the Estonian bicycle lighting market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, posted strong growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Bicycle Lighting Exports

Exports from Estonia

In 2022, approx. X units of electrical or battery operated lighting or visual signalling for bicycles were exported from Estonia; with an increase of X% on 2021 figures. In general, exports, however, continue to indicate a mild contraction. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, bicycle lighting exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X units), Kazakhstan (X units) and Lithuania (X units) were the main destinations of bicycle lighting exports from Estonia, with a combined X% share of total exports. Finland, Moldova and Russia lagged somewhat behind, together accounting for 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 Finland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for electrical or battery operated lighting or visual signalling for bicycles exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with an X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Russia (X% per year).

Export Prices by Country

The average bicycle lighting export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price showed a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Moldova ($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.

Bicycle Lighting Imports

Imports into Estonia

In 2022, purchases abroad of electrical or battery operated lighting or visual signalling for bicycles decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bicycle lighting imports soared to $X in 2022. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Latvia (X units) and Germany (X units) were the main suppliers of bicycle lighting imports to Estonia, together comprising X% of total imports.

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, Germany ($X) constituted the largest supplier of electrical or battery operated lighting or visual signalling for bicycles to Estonia, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Latvia (X% per year).

Import Prices by Country

The average bicycle lighting import price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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