Estonia: Battery Market Overview 2020

Battery Market Size in Estonia

The revenue of the battery market in Estonia amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the battery market attained its maximum level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Battery Production in Estonia

In value terms, battery production totaled $X in 2018 estimated in export prices. In general, battery production, however, continues to indicate a sharp decrease. The most prominent rate of growth was recorded in 2014 when production volume increased by X% year-to-year. Over the period under review, battery production reached its peak figure level at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Battery Exports

Exports from Estonia

Battery exports from Estonia stood at X units in 2018, increasing by X% against the previous year. Over the period under review, battery exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, battery exports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, battery exports stood at $X in 2018. Over the period under review, battery exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Estonia exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

China prevails in battery exports structure, finishing at X units, which was approx. X% of total exports in 2018. Indonesia (X units) held a X% share (based on tonnes) of total exports, which put it in second place, followed by the United Arab Emirates (X%), China, Hong Kong SAR (X%) and Belgium (X%). The following exporters - Singapore (X units), Germany (X units), Spain (X units), Poland (X units), Japan (X units) and the U.S. (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to battery exports from China stood at +X%. At the same time, the United Arab Emirates (+X%), Spain (+X%), Poland (+X%), Germany (+X%), Singapore (+X%), Indonesia (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Japan (-X%), China, Hong Kong SAR (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), the United Arab Emirates (+X p.p.), Spain (+X p.p.), Singapore (+X p.p.), Germany (+X p.p.) and Poland (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China, Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest battery supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. In the other countries, the average annual rates were as follows: Singapore (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2018, the battery export price in Estonia amounted to $X per unit, declining by -X% against the previous year. Overall, the battery export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. In that year, the export prices for primary cells and primary batteries reached their peak level of $X per unit. From 2013 to 2018, the growth in terms of the export prices for primary cells and primary batteries failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Battery Imports

Imports into Estonia

In 2018, approx. X units of primary cells and primary batteries were imported into Estonia; surging by X% against the previous year. Over the period under review, battery imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. In that year, battery imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, battery imports amounted to $X in 2018. In general, the total imports indicated a remarkable increase 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, battery imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, battery imports reached their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Mozambique (X units) represented the major importer of primary cells and primary batteries, committing X% of total imports. The U.S. (X units) ranks second in terms of the total imports with a X% share, followed by China, Hong Kong SAR (X%) and Germany (X%). The following importers - China (X units), Japan (X units), Belgium (X units), Russia (X units), the UK (X units), the Netherlands (X units), France (X units) and Nigeria (X units) - together made up X% of total imports.

Mozambique was also the fastest-growing in terms of the primary cells and primary batteries imports, with a CAGR of +X% from 2007 to 2018. At the same time, Nigeria (+X%), Japan (+X%), Russia (+X%), Germany (+X%), the U.S. (+X%) and China (+X%) displayed positive paces of growth. The Netherlands, the UK and France experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) and Belgium (-X%) illustrated a downward trend over the same period. Mozambique (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.) and Nigeria (+X p.p.) significantly strengthened its position in terms of the global imports, while China, Hong Kong SAR saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest battery importing markets into Estonia were the U.S. ($X), China, Hong Kong SAR ($X) and Germany ($X), with a combined X% share of total imports. China, the UK, France, Japan, Belgium, the Netherlands, Russia, Nigeria, Estonia and Mozambique lagged somewhat behind, together accounting for a further X experienced the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the battery import price in Estonia amounted to $X per unit, dropping by -X% against the previous year. Over the period under review, the import price indicated a resilient expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. Estonia import price peaked at $X per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform