Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia (CIF) - 2022
In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $14,732 per ton, waning by -9.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 62% against the previous year. The import price peaked at $27,107 per ton 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 Belgium ($34,707 per ton), while the price for Finland ($6,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia (FOB) - 2022
In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $19,962 per ton, falling by -9.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 43%. As a result, the export price reached the peak level of $34,113 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($34,130 per ton), while the average price for exports to Finland ($11,114 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses imported into Estonia skyrocketed to 1.5K tons, picking up by 21% against the year before. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses stood at $22M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.7 | 4.6 | 5.1 | 6.0 | 30.5% |
| Germany | 2.1 | 2.7 | 3.3 | 4.2 | 26.0% |
| Finland | 1.7 | 2.2 | 3.2 | 2.9 | 19.5% |
| Poland | 0.1 | 0.1 | 1.3 | 1.8 | 162.1% |
| Belgium | 1.0 | 0.8 | 1.0 | 1.1 | 3.2% |
| Austria | 0.1 | 0.2 | 0.2 | 0.7 | 91.3% |
| Norway | 1.6 | 1.7 | 1.7 | 0.7 | -24.1% |
| Spain | 0.1 | N/A | 0.2 | 0.7 | 91.3% |
| Sweden | 0.5 | 0.6 | 0.5 | 0.6 | 6.3% |
| China | 0.6 | 0.3 | 0.5 | 0.6 | 0.0% |
| Denmark | 1.2 | 0.2 | 0.3 | 0.5 | -25.3% |
| Lithuania | 0.2 | 0.3 | 0.1 | 0.4 | 26.0% |
| Czech Republic | 0.1 | 0.4 | 0.2 | 0.3 | 44.2% |
| Others | 7.8 | 2.1 | 2.6 | 1.7 | -39.8% |
| Total | 19.9 | 16.3 | 20.2 | 22.2 | 3.7% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Estonia in 2022:
- Finland (474.7 tons)
- Netherlands (302.3 tons)
- Germany (254.2 tons)
- Poland (128.6 tons)
- Austria (41.0 tons)
- Denmark (39.8 tons)
- Norway (37.1 tons)
- Lithuania (32.9 tons)
- Belgium (32.8 tons)
- China (32.1 tons)
- Czech Republic (28.6 tons)
- Spain (23.8 tons)
- Sweden (19.2 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia
In 2022, approx. 742 tons of machines and mechanical appliances; parts, of those having individual functionses were exported from Estonia; which is down by -3.8% compared with 2021. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. As a result, the exports reached the peak of 771 tons, and then dropped in the following year.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses reduced to $15M in 2022. In general, total exports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 56%. As a result, the exports attained the peak of $17M, and then contracted in the following year.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 5.9 | 2.9 | 2.2 | 3.4 | -16.8% |
| Sweden | 2.0 | 2.5 | 4.7 | 3.2 | 17.0% |
| Latvia | 1.1 | 1.0 | 1.8 | 1.9 | 20.0% |
| United States | 0.4 | 1.0 | 1.9 | 1.8 | 65.1% |
| Norway | 0.6 | 0.5 | 0.9 | 1.1 | 22.4% |
| Lithuania | 0.4 | 0.5 | 0.6 | 0.6 | 14.5% |
| Russia | 1.5 | 1.5 | 2.6 | 0.4 | -35.6% |
| Poland | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Others | 1.3 | 1.0 | 2.3 | 2.3 | 20.9% |
| Total | 13.4 | 10.9 | 17.1 | 14.8 | 3.4% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Estonia in 2022:
- Finland (304.9 tons)
- Sweden (131.9 tons)
- Latvia (109.1 tons)
- Norway (62.7 tons)
- United States (51.4 tons)
- Lithuania (18.3 tons)
- Poland (15.9 tons)
- Russia (15.4 tons)
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