Estonia - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlough Price in Estonia - 2023
Contents:
- Plough Price in Estonia (CIF) - 2023
- Plough Price in Estonia (FOB) - 2022
- Plough Imports in Estonia
- Plough Exports in Estonia
Plough Price in Estonia (CIF) - 2023
In September 2023, the average plough import price amounted to $947 per unit, dropping by -52.7% against the previous month. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 77% month-to-month. The import price peaked at $2,640 per unit in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Sweden.
From September 2022 to September 2023, the rate of growth in terms of prices for Poland amounted to +11.5% per month.
Plough Price in Estonia (FOB) - 2022
In 2022, the average plough export price amounted to $1,266 per unit, picking up by 14% against the previous year. In general, the export price, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2015 an increase of 61%. As a result, the export price reached the peak level of $1,722 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($1,464 per unit), while the average price for exports to Russia ($368 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 Ukraine (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plough Imports in Estonia
After two years of decline, purchases abroad of ploughs for agricultural purposes increased by 53% to 1.5K units in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, plough imports surged to $2.8M 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 +13.2% 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 +80.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Plough in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 12.3 | 561 | 551 | 1,095 | 346.5% |
| Norway | 1,007 | 464 | 402 | 752 | -9.3% |
| France | 46.1 | 45.6 | 141 | 433 | 111.0% |
| Germany | 524 | 52.4 | 339 | 238 | -23.1% |
| Poland | 127 | 211 | 92.4 | 76.6 | -15.5% |
| Latvia | 6.7 | 90.6 | 48.6 | 62.5 | 110.5% |
| Sweden | 122 | 66.2 | 20.2 | 48.1 | -26.7% |
| Others | 68.5 | 49.1 | 137 | 69.0 | 0.2% |
| Total | 1,914 | 1,540 | 1,731 | 2,774 | 13.2% |
Top Suppliers of Plough to Estonia in 2022:
- Lithuania (588.0 units)
- Norway (443.0 units)
- France (200.0 units)
- Poland (104.0 units)
- Germany (86.0 units)
- Latvia (27.0 units)
- Sweden (24.0 units)
Plough Exports in Estonia
In 2022, approx. 127 units of ploughs for agricultural purposes were exported from Estonia; waning by -38.6% on the previous year's figure. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 283% against the previous year. As a result, the exports attained the peak of 207 units, and then reduced dramatically in the following year.
In value terms, plough exports contracted notably to $161K in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 254%. As a result, the exports attained the peak of $231K, and then contracted markedly in the following year.
| Export of Plough in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 127 | 40.9 | 54.6 | 145 | 4.5% |
| Lithuania | 7.8 | N/A | 34.2 | 7.7 | -0.4% |
| Poland | 3.1 | N/A | 12.9 | 7.1 | 31.8% |
| Russia | 2.0 | N/A | 2.7 | 0.4 | -41.5% |
| Norway | N/A | N/A | 8.4 | N/A | 0% |
| Germany | N/A | N/A | 11.5 | N/A | 0% |
| Moldova | 20.1 | N/A | N/A | N/A | 0% |
| Finland | 56.9 | 7.6 | 99.2 | N/A | 32.0% |
| Denmark | N/A | 16.6 | N/A | N/A | 0% |
| Ukraine | 3.5 | N/A | 7.2 | N/A | 43.4% |
| Others | N/A | N/A | N/A | 0.7 | 0% |
| Total | 221 | 65.1 | 231 | 161 | -10.0% |
Top Export Markets for Plough from Estonia in 2022:
- Latvia (99.0 units)
- Lithuania (19.0 units)
- Poland (7.0 units)
- Russia (1.0 units)
This report provides an in-depth analysis of the plough 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 28303130 -
- Prodcom 28303150 -
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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