Estonia: Market for Road Tractors For Semi-Trailers 2019

Market Size for Road Tractors For Semi-Trailers in Estonia

The revenue of the road tractor for semi-trailer market in Estonia amounted to $X in 2018, lowering by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, road tractor for semi-trailer consumption, however, continues to indicate a drastic slump. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Estonia road tractor for semi-trailer consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Exports of Road Tractors For Semi-Trailers

Exports from Estonia

Road tractor for semi-trailer exports from Estonia stood at X units in 2018, rising by X% against the previous year. Overall, road tractor for semi-trailer exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, road tractor for semi-trailer exports reached their maximum at X units in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, road tractor for semi-trailer exports stood at $X in 2018. Over the period under review, road tractor for semi-trailer exports continue to indicate a moderate setback. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, road tractor for semi-trailer exports reached their maximum at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

Mexico represented the main exporter of road tractors for semi-trailers in the world, with the volume of exports amounting to X units, which was approx. X% of total exports in 2018. The Netherlands (X units) occupied an X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%), Belgium (X%), the U.S. (X%) and France (X%). Spain (X units), Poland (X units), Sweden (X units), China (X units) and Brazil (X units) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the road tractors for semi-trailers exports, with a CAGR of +X% from 2007 to 2018. At the same time, Poland (+X%), Spain (+X%), the U.S. (+X%), China (+X%), Brazil (+X%) and France (+X%) displayed positive paces of growth. Belgium and the Netherlands experienced a relatively flat trend pattern. By contrast, Sweden (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), the U.S. (+X p.p.), Spain (+X p.p.) and Poland (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports.

Mexico experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the road tractor for semi-trailer export price in Estonia amounted to $X per unit, going up by X% against the previous year. Overall, the road tractor for semi-trailer export price, however, continues to indicate a measured decline. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the export prices for road tractors for semi-trailers reached their maximum at $X per unit in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

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

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

Imports of Road Tractors For Semi-Trailers

Imports into Estonia

In 2018, approx. X units of road tractors for semi-trailers were imported into Estonia; rising by X% against the previous year. Over the period under review, road tractor for semi-trailer imports, however, continue to indicate a significant reduction. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, road tractor for semi-trailer imports reached their peak figure at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports stood at $X in 2018. Over the period under review, road tractor for semi-trailer imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Estonia imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. represented the largest importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Canada (X units), committing an X% share of total imports. The following importers - Poland (X units), Spain (X units), Italy (X units), Germany (X units), France (X units), Russia (X units), the Netherlands (X units), Belgium (X units), the UK (X units) and Ukraine (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to road tractor for semi-trailer imports into the U.S. stood at +X%. At the same time, Canada (+X%), Ukraine (+X%), the Netherlands (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Spain experienced a relatively flat trend pattern. By contrast, the UK (-X%), Italy (-X%), Germany (-X%), France (-X%), Belgium (-X%) and Russia (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S. and Canada increased by +X% and +X% percentage points, while Russia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported road tractors for semi-trailers into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Germany (+X% per year).

Import Prices by Country

The road tractor for semi-trailer import price in Estonia stood at $X per unit in 2018, coming down by -X% against the previous year. In general, the road tractor for semi-trailer import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X% year-to-year. Estonia import price peaked at $X per unit in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Market Intelligence Platform