Estonia: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Estonia

After five years of growth, the Estonian combined refrigerator-freezer market decreased by X% to $X in 2022. In general, consumption, however, recorded a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.

Combined Refrigerator-Freezer Exports

Exports from Estonia

In 2022, overseas shipments of combined refrigerators-freezers decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, saw strong growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X units in 2021, and then declined significantly in the following year.

In value terms, combined refrigerator-freezer exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Latvia (X units) was the main destination for combined refrigerator-freezer exports from Estonia, with a X% share of total exports. Moreover, combined refrigerator-freezer exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X units), threefold. Poland (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Latvia ($X) remains the key foreign market for combined refrigerators-freezers exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, combined refrigerator-freezer export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into Estonia

In 2022, supplies from abroad of combined refrigerators-freezers decreased by X% to X units for the first time since 2011, thus ending a ten-year rising trend. Overall, imports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then fell dramatically in the following year.

In value terms, combined refrigerator-freezer imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Poland (X units), China (X units) and Latvia (X units) were the main suppliers of combined refrigerator-freezer imports to Estonia, with a combined X% share of total imports. Italy, Lithuania, Sweden, Romania, Turkey, Belarus and Hungary lagged somewhat behind, together accounting for a further X%.

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

In value terms, Latvia ($X) constituted the largest supplier of combined refrigerators-freezers to Estonia, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and China (X% per year).

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, combined refrigerator-freezer import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Latvia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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