Estonia: Luggage Market 2024

Luggage Market Size in Estonia

The Estonian luggage market expanded notably to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Luggage Production in Estonia

In value terms, luggage production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Luggage production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Luggage Exports

Exports from Estonia

After two years of decline, shipments abroad of luggage and handbags increased by X% to X units in 2022. Over the period under review, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. 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, luggage exports expanded rapidly to $X in 2022. In general, exports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X units) was the main destination for luggage exports from Estonia, with a X% share of total exports. Moreover, luggage exports to Finland exceeded the volume sent to the second major destination, Latvia (X units), fourfold. Lithuania (X units) ranked third in terms of total exports with an 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: Latvia (X% per year) and Lithuania (X% per year).

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

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

Export Prices by Country

The average luggage export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Slovakia ($X per unit), while the average price for exports to Italy ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Estonia

In 2022, supplies from abroad of luggage and handbags increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, luggage imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. 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 hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X units), Germany (X units) and China (X units) were the main suppliers of luggage imports to Estonia, with a combined X% share of total imports. The Netherlands, Italy, Finland, the United States, Lithuania, Latvia, Greece, Vietnam, Belgium and France lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest luggage suppliers to Estonia were Germany ($X), Italy ($X) and the Netherlands ($X), together accounting for X% of total imports. Poland, Finland, Lithuania, China, Vietnam, the United States, France, Belgium, Latvia and Greece lagged somewhat behind, together comprising a further X%.

Greece, with a CAGR of X%, saw 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

In 2022, the average luggage import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price recorded prominent growth. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady 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 Italy ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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