Estonia: Market for Vacuum Flasks and Vessels 2024

Market Size for Vacuum Flasks and Vessels in Estonia

The Estonian vacuum flask and vessel market totaled $X in 2022, approximately mirroring the previous year. Overall, consumption, however, recorded a noticeable shrinkage. Vacuum flask and vessel consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Vacuum Flasks and Vessels in Estonia

In value terms, vacuum flask and vessel production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Vacuum Flasks and Vessels

Exports from Estonia

In 2022, shipments abroad of vacuum flasks and vessels decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vacuum flask and vessel exports shrank notably to $X in 2022. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for vacuum flask and vessel exports from Estonia, with a X% share of total exports. Moreover, vacuum flask and vessel exports to Russia exceeded the volume sent to the second major destination, Sweden (X units), fourfold. The third position in this ranking was taken by Latvia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Latvia (X% per year).

In value terms, Russia ($X) remains the key foreign market for vacuum flasks and vessels exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Lithuania, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the average vacuum flask and vessel export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a notable expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to India ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Flasks and Vessels

Imports into Estonia

In 2022, the amount of vacuum flasks and vessels imported into Estonia contracted to X units, waning by X% against 2021 figures. Overall, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, vacuum flask and vessel imports contracted slightly to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank slightly in the following year.

Imports by Country

China (X units), the Netherlands (X units) and India (X units) were the main suppliers of vacuum flask and vessel imports to Estonia, with a combined X% share of total imports. Finland, Poland, Lithuania, Latvia and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest vacuum flask and vessel suppliers to Estonia were China ($X), the Netherlands ($X) and Lithuania ($X), together accounting for X% of total imports.

In terms of the main suppliers, Lithuania, 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 vacuum flask and vessel import price amounted to $X per unit, waning by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a 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 ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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