Estonia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Estonia

The Estonian filling containers machinery market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a abrupt shrinkage. Filling containers machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Filling Containers Machinery Production in Estonia

In value terms, filling containers machinery production stood at $X in 2022 estimated in export price. Overall, production posted strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Filling Containers Machinery Exports

Exports from Estonia

In 2022, after three years of growth, there was significant decline in overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers, when their volume decreased by X% to X units. In general, exports showed a deep slump. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, filling containers machinery exports fell markedly to $X in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for filling containers machinery exports from Estonia, with a X% share of total exports. Moreover, filling containers machinery exports to Russia exceeded the volume sent to the second major destination, the UK (X units), threefold. Senegal (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: the UK (X% per year) and Senegal (X% per year).

In value terms, Russia ($X) remains the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

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

Export Prices by Country

In 2022, the average filling containers machinery export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Senegal ($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 Sweden (X%), while the prices for the other major destinations experienced mixed trend patterns.

Filling Containers Machinery Imports

Imports into Estonia

Filling containers machinery imports into Estonia contracted sharply to X units in 2022, waning by X% against 2021 figures. Overall, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, filling containers machinery imports dropped significantly to $X in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of filling containers machinery to Estonia, with a X% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. India (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and India (X% per year).

In value terms, Germany ($X), China ($X) and Finland ($X) appeared to be the largest filling containers machinery suppliers to Estonia, together accounting for X% of total imports. Italy, India, Sweden, Lithuania, Denmark and the Czech Republic lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to 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 filling containers machinery import price amounted to $X per unit, reducing by X% against the previous year. In general, import price indicated a buoyant 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, filling containers machinery import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per unit in 2021, and then reduced in the following year.

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 Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :