Estonia: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Estonia

After two years of growth, the Estonian market for non-electronic instruments for measuring or checking variables of liquids or gases decreased by X% to $X in 2022. Overall, consumption, however, enjoyed a strong increase. Over the period under review, the market hit record highs at $X in 2021, and then dropped remarkably in the following year.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Estonia

In value terms, non-electronic liquid or gas measurer production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Non-electronic liquid or gas measurer production peaked in 2022 and is likely to see steady growth in the immediate term.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Estonia

In 2022, exports of non-electronic instruments for measuring or checking variables of liquids or gases from Estonia soared to X units, rising by X% against the year before. Over the period under review, exports, however, faced a dramatic decline. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer exports surged to $X in 2022. In general, exports, however, continue to indicate a dramatic downturn. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X units), China (X units) and Israel (X units) were the main destinations of non-electronic liquid or gas measurer exports from Estonia, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for non-electronic instruments for measuring or checking variables of liquids or gases exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Finland ($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 Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Turkey (X% per year).

Export Prices by Country

The average export price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Saudi Arabia ($X per unit), while the average price for exports to Israel ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Estonia

In 2022, after ten years of growth, there was significant decline in supplies from abroad of non-electronic instruments for measuring or checking variables of liquids or gases, when their volume decreased by X% to X units. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then reduced sharply in the following year.

In value terms, non-electronic liquid or gas measurer imports declined markedly to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), Poland (X units) and Denmark (X units) were the main suppliers of non-electronic liquid or gas measurer imports to Estonia, together comprising X% of total imports. Germany, Lithuania, Latvia, Austria, Finland, Sweden, Switzerland, Italy, the Czech Republic and Ireland lagged somewhat behind, together comprising a further X%.

From 2020 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Denmark ($X) and Poland ($X) constituted the largest non-electronic liquid or gas measurer suppliers to Estonia, with a combined X% share of total imports.

The United States, with a CAGR of X%, recorded 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

The average import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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