Price for Household or Laundry-Type Washing Machine in Estonia - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Estonia (CIF) - 2023
- Price for Household or Laundry-Type Washing Machine in Estonia (FOB) - 2023
- Imports of Household or Laundry-Type Washing Machine in Estonia
- Exports of Household or Laundry-Type Washing Machine in Estonia
Price for Household or Laundry-Type Washing Machine in Estonia (CIF) - 2023
The average import price for household or laundry-type washing machines stood at $380 per unit in August 2023, increasing by 9% against the previous month. Over the period from September 2022 to August 2023, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in May 2023 an increase of 30% against the previous month. As a result, import price attained the peak level of $489 per unit. From June 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($723 per unit), while the price for Slovakia ($291 per unit) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Estonia (FOB) - 2023
The average export price for household or laundry-type washing machines stood at $432 per unit in August 2023, declining by -2.4% against the previous month. Over the period from September 2022 to August 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 22% month-to-month. The export price peaked at $506 per unit in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Germany ($708 per unit), while the average price for exports to Lithuania ($385 per unit) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Household or Laundry-Type Washing Machine in Estonia
In 2022, approx. 72K units of household or laundry-type washing machines were imported into Estonia; with an increase of 7.5% on the year before. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,229% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, household or laundry-type washing machine imports rose sharply to $24M in 2022. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 14%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Household or Laundry-Type Washing Machine in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 4.7 | 7.6 | 8.3 | 11.0 | 32.8% |
| Poland | 2.7 | 4.4 | 4.2 | 3.8 | 12.1% |
| Italy | 2.0 | 1.0 | 1.6 | 3.5 | 20.5% |
| Lithuania | 0.3 | 1.3 | 1.3 | 1.6 | 74.7% |
| China | 2.0 | 0.7 | 1.2 | 1.2 | -15.7% |
| Sweden | 0.1 | 0.9 | 0.9 | 0.9 | 108.0% |
| Slovakia | 1.4 | 1.1 | 1.3 | 0.4 | -34.1% |
| Germany | 0.8 | 0.1 | 0.1 | 0.2 | -37.0% |
| Turkey | 1.3 | 0.5 | 0.4 | 0.1 | -57.5% |
| Others | 2.0 | 0.9 | 1.6 | 0.8 | -26.3% |
| Total | 17.2 | 18.4 | 21.0 | 23.6 | 11.1% |
Top Suppliers of Household or Laundry-Type Washing Machine to Estonia in 2022:
- Latvia (28.9K units)
- Poland (14.5K units)
- Italy (13.3K units)
- Lithuania (4.3K units)
- China (4.2K units)
- Sweden (2.5K units)
- Slovakia (1.7K units)
- Turkey (0.5K units)
- Germany (0.2K units)
Exports of Household or Laundry-Type Washing Machine in Estonia
Household or laundry-type washing machine exports from Estonia surged to 21K units in 2022, jumping by 84% against the previous year's figure. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 233% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, household or laundry-type washing machine exports soared to $8.7M in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Household or Laundry-Type Washing Machine in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 2,342 | 2,429 | 2,939 | 3,768 | 17.2% |
| Russia | 408 | 323 | 300 | 1,621 | 58.4% |
| Lithuania | 301 | 356 | 572 | 1,143 | 56.0% |
| Poland | 94.2 | 138 | 133 | 817 | 105.5% |
| Armenia | 15.7 | N/A | N/A | 350 | 181.4% |
| Bulgaria | N/A | N/A | N/A | 226 | 0% |
| Others | 357 | 892 | 614 | 735 | 27.2% |
| Total | 3,518 | 4,138 | 4,558 | 8,661 | 35.0% |
Top Export Markets for Household or Laundry-Type Washing Machine from Estonia in 2022:
- Latvia (11.1K units)
- Lithuania (3.1K units)
- Russia (2.9K units)
- Poland (1.7K units)
- Armenia (0.7K units)
- Bulgaria (0.5K units)
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