Seals; Mechanical Price in Estonia - 2023

Contents:

1. Seals; Mechanical Price in Estonia (CIF) - 2022
2. Seals; Mechanical Price in Estonia (FOB) - 2022
3. Seals; Mechanical Imports in Estonia
4. Seals; Mechanical Exports in Estonia

Seals; Mechanical Price in Estonia (CIF) - 2022

The average seals; mechanical import price stood at $77 per unit in 2022, waning by -16.4% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 an increase of 32%. The import price peaked at $91 per unit in 2021, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($319 per unit), while the price for Finland ($33 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Estonia (FOB) - 2022

The average seals; mechanical export price stood at $16 per unit in 2022, which is down by -35.4% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2014 an increase of 44%. The export price peaked at $74 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($87 per unit), while the average price for exports to Tanzania (less than $0.1 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 Armenia (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Estonia

In 2022, approx. 26K units of seals; mechanicals were imported into Estonia; increasing by 63% compared with 2021. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports surged to $2M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +69.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Seals; Mechanical to Estonia in 2022:

1. Finland (16.3K units)
2. Germany (2.2K units)
3. Latvia (1.9K units)
4. China (1.6K units)
5. Lithuania (1.4K units)
6. Switzerland (0.4K units)
7. Poland (0.3K units)
8. Sweden (0.3K units)

Seals; Mechanical Exports in Estonia

For the fourth consecutive year, Estonia recorded growth in shipments abroad of seals; mechanicals, which increased by 31% to 28K units in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 73%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, seals; mechanical exports fell markedly to $464K in 2022. Overall, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 14% against the previous year. The exports peaked at $603K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Seals; Mechanical from Estonia in 2022:

1. Tanzania (4.6K units)
2. Russia (4.1K units)
3. Poland (3.5K units)
4. New Zealand (2.0K units)
5. Uzbekistan (1.4K units)
6. Turkey (1.3K units)
7. Malaysia (0.7K units)
8. Armenia (0.7K units)
9. Kazakhstan (0.7K units)
10. Hong Kong SAR (0.7K units)
11. Chile (0.6K units)
12. Finland (0.6K units)
13. Germany (0.6K units)

Source: IndexBox Market Intelligence Platform