Estonia: Pacemaker Market 2020

Pacemaker Market Size in Estonia

The revenue of the pacemaker market in Estonia amounted to $X in 2018, flattening at the previous year. Over the period under review, pacemaker consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the pacemaker market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Pacemaker Production in Estonia

In value terms, pacemaker production totaled $X in 2018 estimated in export prices. In general, the total output indicated slight growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pacemaker production increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2011 when production volume increased by X% y-o-y. In that year, pacemaker production attained its peak level of $X. From 2012 to 2018, pacemaker production growth remained at a lower figure.

Pacemaker Exports

Exports from Estonia

Pacemaker exports from Estonia stood at X units in 2018, rising by X% against the previous year. In general, pacemaker exports continue to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. In that year, pacemaker exports attained their peak of X units. From 2012 to 2018, the growth of pacemaker exports remained at a lower figure.

In value terms, pacemaker exports totaled $X in 2018. Overall, pacemaker exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, pacemaker exports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

The exports of the eleven major exporters of pacemakers for stimulating heart muscles (excl. parts and accessories), namely Ireland, Germany, the U.S., Malaysia, Belgium, Switzerland, Sweden, the Netherlands, France, Singapore and Italy, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Estonia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker markets from Estonia were Ireland ($X), Germany ($X) and Belgium ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Belgium experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pacemaker export price in Estonia amounted to $X per unit, going down by -X% against the previous year. Over the period under review, the pacemaker export price continues to indicate a dramatic slump. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices for pacemakers for stimulating heart muscles (excl. parts and accessories) reached their maximum at $X per unit in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Pacemaker Imports

Imports into Estonia

In 2018, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) imported into Estonia amounted to X units, dropping by -X% against the previous year. Overall, pacemaker imports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Estonia imports peaked at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, pacemaker imports amounted to $X in 2018. In general, pacemaker imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, pacemaker imports attained their maximum at $X in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the six major importers of pacemakers for stimulating heart muscles (excl. parts and accessories), namely France, the U.S., Germany, Japan, the Netherlands and Sweden, represented more than half of total import. Australia (X units), Spain (X units), Italy (X units), China (X units), the UK (X units) and India (X units) occupied a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest pacemaker importing markets into Estonia were the U.S. ($X), France ($X) and Germany ($X), with a combined X% share of total imports. These countries were followed by the Netherlands, Japan, Italy, the UK, China, Spain, Australia, India, Sweden and Estonia, which together accounted for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The pacemaker import price in Estonia stood at $X per unit in 2018, going up by X% against the previous year. Over the period under review, the pacemaker import price continues to indicate a prominent increase. The growth pace was the most rapid in 2010 when the import price increased by X% against the previous year. In that year, the import prices for pacemakers for stimulating heart muscles (excl. parts and accessories) reached their peak level of $X per unit. From 2011 to 2018, the growth in terms of the import prices for pacemakers for stimulating heart muscles (excl. parts and accessories) remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform