Estonia: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Estonia

In 2022, the Estonian market for electric burglar or fire alarms and similar apparatus decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, enjoyed a moderate increase. Electric burglar or fire alarm consumption peaked at $X in 2021, and then plummeted in the following year.

Production of Electric Burglar Or Fire Alarms And Similar Apparatus in Estonia

In value terms, electric burglar or fire alarm production dropped markedly to $X in 2022 estimated in export price. Overall, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Estonia

For the third consecutive year, Estonia recorded decline in shipments abroad of electric burglar or fire alarms and similar apparatus, which decreased by X% to X units in 2022. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric burglar or fire alarm exports contracted markedly to $X in 2022. In general, exports, however, recorded a pronounced increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for electric burglar or fire alarm exports from Estonia, accounting for a X% share of total exports. Moreover, electric burglar or fire alarm exports to Italy exceeded the volume sent to the second major destination, Lithuania (X units), sixfold. The third position in this ranking was held by Sweden (X units), with a X% share.

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

In value terms, Italy ($X), Lithuania ($X) and Finland ($X) constituted the largest markets for electric burglar or fire alarm exported from Estonia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of 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

The average export price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2022, remaining stable against the previous year. Overall, the export price showed resilient growth. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a 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 Russia ($X per unit), while the average price for exports to Sweden ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Estonia

In 2022, the amount of electric burglar or fire alarms and similar apparatus imported into Estonia fell significantly to X units, shrinking by X% against the previous year's figure. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, electric burglar or fire alarm imports reduced notably to $X in 2022. Over the period under review, imports, however, posted a measured increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Lithuania (X units) and Latvia (X units) were the main suppliers of electric burglar or fire alarm imports to Estonia, with a combined X% share of total imports. Italy, Finland, Bulgaria, Poland, Russia, the UK, Sweden, Taiwan (Chinese) and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest electric burglar or fire alarm suppliers to Estonia were Lithuania ($X), Latvia ($X) and China ($X), with a combined X% share of total imports. Russia, Poland, the UK, Finland, Sweden, Bulgaria, Italy, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average import price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted in the following year.

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 Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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