Estonia: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Estonia

In 2022, the Estonian electric heating resistor market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption enjoyed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced dramatically in the following year.

Electric Heating Resistor Production in Estonia

In value terms, electric heating resistor production shrank remarkably to $X in 2022 estimated in export price. In general, production, however, showed a resilient increase. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Electric Heating Resistor Exports

Exports from Estonia

After two years of growth, shipments abroad of electric heating resistors decreased by X% to X units in 2022. Overall, exports saw a deep setback. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric heating resistor exports fell to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Finland (X units) was the main destination for electric heating resistor exports from Estonia, accounting for a X% share of total exports. Moreover, electric heating resistor exports to Finland exceeded the volume sent to the second major destination, Russia (X units), twofold. Turkey (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Turkey (X% per year).

In value terms, the largest markets for electric heating resistor exported from Estonia were Finland ($X), Russia ($X) and Turkey ($X), together comprising X% of total exports. Latvia, Lithuania, Portugal, Ukraine and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electric heating resistor export price amounted to $X per thousand units, approximately equating the previous year. In general, the export price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per thousand units in 2013; however, from 2014 to 2022, the export prices remained at a 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 Spain ($X per thousand units), while the average price for exports to Portugal ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Electric Heating Resistor Imports

Imports into Estonia

In 2022, overseas purchases of electric heating resistors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, electric heating resistor imports contracted remarkably to $X in 2022. Overall, imports showed a slight decrease. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of electric heating resistor to Estonia, accounting for a X% share of total imports. Moreover, electric heating resistor imports from Poland exceeded the figures recorded by the second-largest supplier, Finland (X units), twofold. The third position in this ranking was taken by the Czech Republic (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and the Czech Republic (X% per year).

In value terms, Poland ($X), Finland ($X) and the Czech Republic ($X) were the largest electric heating resistor suppliers to Estonia, with a combined X% share of total imports. Denmark, Sweden, the UK, Germany, Italy, China and Spain lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric heating resistor import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Poland (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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