Report Update: May 1, 2024

Estonia - Insulating Fittings For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights

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Insulating Fittings Price in Estonia - 2023

Insulating Fittings Price in Estonia (FOB) - 2023

In October 2023, the average insulating fittings export price amounted to $25,236 per ton, leveling off at the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in January 2023 an increase of 6.9% m-o-m. The export price peaked in October 2023.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Finland ($30,093 per ton), while the average price for exports to Latvia ($19,440 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 Norway (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Price in Estonia (CIF) - 2022

The average insulating fittings import price stood at $22,957 per ton in 2022, with an increase of 2.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $25,893 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 Poland ($43,465 per ton), while the price for Russia ($14,798 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Insulating Fittings Exports in Estonia

In 2022, after three years of growth, there was significant decline in overseas shipments of insulating fittings for electrical purposes, when their volume decreased by -17.4% to 143 tons. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of 173 tons, and then contracted rapidly in the following year.

In value terms, insulating fittings exports reduced to $3.1M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 7.6% against the previous year.

Export of Insulating Fittings in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Finland	896	946	980	1,231	11.2%
Sweden	1,321	1,358	1,240	1,053	-7.3%
Norway	346	417	564	512	14.0%
Latvia	67.0	179	145	166	35.3%
Israel	102	159	142	N/A	18.0%
Others	246	147	213	88.4	-28.9%
Total	2,978	3,205	3,284	3,051	0.8%

Top Export Markets for Insulating Fittings from Estonia in 2022:

Sweden (52.9 tons)
Finland (51.7 tons)
Norway (24.1 tons)
Latvia (10.6 tons)

Insulating Fittings Imports in Estonia

In 2022, purchases abroad of insulating fittings for electrical purposes decreased by -6% to 36 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 35%. As a result, imports reached the peak of 45 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, insulating fittings imports dropped modestly to $835K in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports reached the peak of $982K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Insulating Fittings in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Finland	139	196	295	251	21.8%
Czech Republic	9.0	7.0	12.0	184	173.4%
Germany	18.2	67.5	37.7	117	85.9%
Sweden	36.7	87.2	66.8	83.2	31.4%
United Kingdom	20.2	33.5	58.9	70.5	51.7%
Italy	14.4	1.2	28.0	37.5	37.6%
Poland	303	226	50.6	22.8	-57.8%
Russia	N/A	226	150	21.1	-69.4%
Others	289	138	167	47.4	-45.3%
Total	830	982	866	835	0.2%

Top Suppliers of Insulating Fittings to Estonia in 2022:

Finland (12.9 tons)
Czech Republic (6.4 tons)
Germany (6.1 tons)
Sweden (3.2 tons)
United Kingdom (2.9 tons)
Russia (1.4 tons)
Italy (1.3 tons)
Poland (0.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the insulating fittings market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27901280 - Insulating fittings for electrical purposes, of materials other than ceramics or plastics, electrical conduit tubing and joints therefor, of base metal lined with insulating material

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023