Estonia: Lift And Hoist Market 2024

Lift And Hoist Market Size in Estonia

The Estonian lift and hoist market contracted significantly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, saw a moderate increase. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank markedly in the following year.

Lift And Hoist Production in Estonia

In value terms, lift and hoist production reduced to $X in 2022 estimated in export price. In general, production showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Lift and hoist production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lift And Hoist Exports

Exports from Estonia

In 2022, shipments abroad of lifts and hoists increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, lift and hoist exports surged to $X in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for lift and hoist exports from Estonia, with a X% share of total exports. Moreover, lift and hoist exports to Russia exceeded the volume sent to the second major destination, Latvia (X units), fivefold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Russia ($X) remains the key foreign market for lifts and hoists exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by India, with a X% share.

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

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, export price indicated a modest 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. Based on 2022 figures, lift and hoist export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then contracted slightly in the following year.

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

Lift And Hoist Imports

Imports into Estonia

In 2022, supplies from abroad of lifts and hoists decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, lift and hoist imports contracted dramatically to $X in 2022. In general, imports, however, continue to indicate a tangible increase. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X units), Italy (X units) and Germany (X units) were the main suppliers of lift and hoist imports to Estonia, together comprising X% of total imports.

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

In value terms, France ($X), Germany ($X) and Finland ($X) appeared to be the largest lift and hoist suppliers to Estonia, together accounting for X% of total imports. Italy, Spain, Lithuania, Sweden and Russia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the average lift and hoist import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, saw a noticeable descent. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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