Estonia: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Estonia

The Estonian electronic metal tester market was estimated at $X.3B in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed significant growth. Over the period under review, the market attained the peak level at $X.5B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electronic Metal Tester Production in Estonia

In value terms, electronic metal tester production rose modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Electronic metal tester production peaked at $X.3B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electronic Metal Tester Exports

Exports from Estonia

In 2022, shipments abroad of electronic machines and appliances for testing metals increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, electronic metal tester exports skyrocketed to $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Kazakhstan (X units) was the main destination for electronic metal tester exports from Estonia, with a X% share of total exports. Moreover, electronic metal tester exports to Kazakhstan exceeded the volume sent to the second major destination, Russia (X units), sevenfold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Turkey (X% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for electronic machines and appliances for testing metals exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average electronic metal tester export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Latvia ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports into Estonia

In 2022, overseas purchases of electronic machines and appliances for testing metals increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electronic metal tester imports skyrocketed to $X in 2022. In general, imports saw a modest increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Austria (X units) constituted the largest supplier of electronic metal tester to Estonia, with a X% share of total imports. Moreover, electronic metal tester imports from Austria exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. The third position in this ranking was held by Switzerland (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Austria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Switzerland (X% per year).

In value terms, Austria ($X), Switzerland ($X) and France ($X) were the largest electronic metal tester suppliers to Estonia, together comprising X% of total imports.

Austria, with a CAGR of X%, recorded the highest rates of growth with regard to 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 electronic metal tester import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Switzerland ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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