Pumps; Parts Thereof Price in Estonia - 2023

Contents:

1. Pumps; Parts Thereof Price in Estonia (CIF) - 2023
2. Pumps; Parts Thereof Price in Estonia (FOB) - 2023
3. Pumps; Parts Thereof Imports in Estonia
4. Pumps; Parts Thereof Exports in Estonia

Pumps; Parts Thereof Price in Estonia (CIF) - 2023

In October 2023, the average pumps; parts thereof import price amounted to $53,062 per ton, picking up by 146% against the previous month. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $96,035 per ton in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($287K per ton), while the price for Hungary ($14,798 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Pumps; Parts Thereof Price in Estonia (FOB) - 2023

The average pumps; parts thereof export price stood at $70,906 per ton in October 2023, declining by -5.2% against the previous month. Over the period under review, the export price, however, recorded a measured increase. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 119% against the previous month. The export price peaked at $85,815 per ton in February 2023; however, from March 2023 to October 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Lithuania ($118K per ton), while the average price for exports to Poland ($45,600 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps; Parts Thereof Imports in Estonia

In 2022, the amount of pumps; parts thereoves imported into Estonia surged to 210 tons, jumping by 22% on the year before. Overall, imports, however, saw a mild reduction. The growth pace was the most rapid in 2021 with an increase of 35%.

In value terms, pumps; parts thereof imports surged to $9.7M in 2022. In general, imports recorded buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Pumps; Parts Thereof to Estonia in 2022:

1. Sweden (77.1 tons)
2. Germany (18.7 tons)
3. Netherlands (17.0 tons)
4. Latvia (15.8 tons)
5. China (11.5 tons)
6. Finland (11.0 tons)
7. Lithuania (10.0 tons)
8. Italy (9.8 tons)
9. Poland (4.1 tons)
10. Russia (2.8 tons)
11. United Kingdom (2.6 tons)

Pumps; Parts Thereof Exports in Estonia

In 2022, exports of pumps; parts thereoves from Estonia fell significantly to 86 tons, declining by -17.2% on the year before. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year.

In value terms, pumps; parts thereof exports fell significantly to $3.7M in 2022. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year.

Top Export Markets for Pumps; Parts Thereof from Estonia in 2022:

1. Poland (40.6 tons)
2. Finland (14.0 tons)
3. United States (8.4 tons)
4. Denmark (7.2 tons)
5. Russia (3.9 tons)
6. Netherlands (3.2 tons)
7. Lithuania (1.8 tons)
8. Kazakhstan (1.2 tons)

Source: IndexBox Market Intelligence Platform