Estonia: Market for Root Or Tuber Harvesting Machines 2022

Market Size for Root Or Tuber Harvesting Machines in Estonia

The Estonian market for root or tuber harvesting machines amounted to $X in 2021, approximately reflecting the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Root Or Tuber Harvesting Machines in Estonia

In value terms, root or tuber harvesting machine production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 3.2% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Root Or Tuber Harvesting Machines

Exports from Estonia

In 2019, after two years of decline, there was significant decline in shipments abroad of root or tuber harvesting machines, when their volume decreased by -76.7% to X kg. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,963% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2019, the growth of the exports remained at a lower figure.

In value terms, root or tuber harvesting machine exports shrank remarkably to $X in 2019. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2014 with an increase of 1,390%. Over the period under review, the exports hit record highs at $X in 2018, and then declined notably in the following year.

Exports by Country

Finland (X kg) was the main destination for root or tuber harvesting machine exports from Estonia, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Finland was relatively modest.

In value terms, Finland ($X) emerged as the key foreign market for root or tuber harvesting machine exports from Estonia.

From 2012 to 2019, the average annual growth rate of value to Finland was relatively modest.

Export Prices by Country

The average export price for root or tuber harvesting machines stood at $X per ton in 2019, increasing by 16% against the previous year. In general, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2019, the rate of growth in terms of prices for Russia amounted to -1.1% per year.

Imports of Root Or Tuber Harvesting Machines

Imports into Estonia

In 2019, purchases abroad of root or tuber harvesting machines increased by 16% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of 1,307% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, root or tuber harvesting machine imports surged to $X in 2019. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 1,315%. Imports peaked in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, Denmark (X tons) was the main root or tuber harvesting machine supplier to Estonia, accounting for a approx. 100% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from Denmark totaled +6.7%.

In value terms, Denmark ($X) constituted the largest supplier of root or tuber harvesting machine to Estonia.

From 2012 to 2019, the average annual rate of growth in terms of value from Denmark totaled +9.2%.

Import Prices by Country

The average import price for root or tuber harvesting machines stood at $X per ton in 2019, surging by 26% against the previous year. Over the period under review, the import price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 an increase of 102% against the previous year. Over the period under review, average import prices hit record highs in 2019 and is likely to see steady growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Denmark.

From 2012 to 2019, the rate of growth in terms of prices for the Netherlands amounted to +7.7% per year.

Source: IndexBox Market Intelligence Platform

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