Estonia: Public Works Machinery Market 2024

Public Works Machinery Market Size in Estonia

In 2022, the Estonian public works machinery market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Public Works Machinery Production in Estonia

In value terms, public works machinery production surged to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Public works machinery production peaked in 2022 and is likely to see steady growth in the immediate term.

Public Works Machinery Exports

Exports from Estonia

In 2022, approx. X units of machinery for public works and building were exported from Estonia; increasing by X% against 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, public works machinery exports skyrocketed to $X in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Finland (X units) was the main destination for public works machinery exports from Estonia, with a X% share of total exports. Moreover, public works machinery exports to Finland exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by Latvia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Latvia (X% per year).

In value terms, Finland ($X) remains the key foreign market for machinery for public works and building exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a 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 Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Russia (X% per year).

Export Prices by Country

The average public works machinery export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. 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 Russia ($X per unit), while the average price for exports to Lithuania ($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 Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Public Works Machinery Imports

Imports into Estonia

In 2022, the amount of machinery for public works and building imported into Estonia declined sharply to X units, reducing by X% against 2021 figures. Over the period under review, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, public works machinery imports shrank dramatically to $X in 2022. Overall, imports showed a slight decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Germany (X units) and Denmark (X units) were the main suppliers of public works machinery imports to Estonia, together comprising X% of total imports. Russia, Finland, the Netherlands, Poland, France and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest public works machinery suppliers to Estonia were Italy ($X), Germany ($X) and Finland ($X), together comprising X% of total imports. Denmark, the Netherlands, France, Poland, Russia and the United States lagged somewhat behind, together comprising a further X%.

Among the main suppliers, France, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 public works machinery import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, import price indicated a pronounced expansion 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, public works machinery import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Finland ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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