Estonia: Seat Market 2024

Seat Market Size in Estonia

The Estonian seat market contracted significantly to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2021, and then fell significantly in the following year.

Seat Production in Estonia

In value terms, seat production rose notably to $X in 2022 estimated in export price. In general, production saw a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Seat production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Seat Exports

Exports from Estonia

In 2022, the amount of seats exported from Estonia shrank sharply to X units, which is down by X% compared with the year before. In general, exports showed a slight contraction. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, seat exports dropped sharply to $X in 2022. Over the period under review, exports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Finland (X units), Sweden (X units) and Norway (X units) were the main destinations of seat exports from Estonia, with a combined X% share of total exports. Denmark, the Netherlands, Germany, Lithuania and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Norway ($X) and Sweden ($X) appeared to be the largest markets for seat exported from Estonia worldwide, with a combined X% share of total exports. Denmark, the Netherlands, Lithuania, Germany and Russia lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average seat export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Germany ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Seat Imports

Imports into Estonia

Seat imports into Estonia declined remarkably to X units in 2022, waning by X% on the previous year's figure. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, seat imports shrank remarkably to $X in 2022. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

China (X units), Latvia (X units) and Lithuania (X units) were the main suppliers of seat imports to Estonia, together comprising X% of total imports. Poland, Finland, the Netherlands, Germany, Denmark, Italy, Ukraine, Sweden and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest seat suppliers to Estonia were China ($X), Lithuania ($X) and Latvia ($X), together comprising X% of total imports. Finland, Germany, Poland, Italy, Ukraine, the Netherlands, Denmark, Sweden and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Ukraine, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average seat import price amounted to $X per unit, approximately reflecting the previous year. In general, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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