Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Estonia - 2023

Contents:

1. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Estonia (CIF) - 2023
2. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Estonia (FOB) - 2023
3. Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Estonia
4. Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Estonia

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Estonia (CIF) - 2023

The average import price for non-electric iron or steel central heating radiators other than of cast iron stood at $2.6 per unit in November 2023, shrinking by -6.6% against the previous month. In general, the import price recorded a noticeable slump. The pace of growth was the most pronounced in September 2023 when the average import price increased by 38% against the previous month. The import price peaked at $3.9 per unit in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($7.3 per unit), while the price for Poland ($2.2 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (+0.7%), while the prices for the other major suppliers experienced a decline.

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Estonia (FOB) - 2023

In November 2023, the average export price for non-electric iron or steel central heating radiators other than of cast iron amounted to $4.2 per unit, which is down by -11.1% against the previous month. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in October 2023 an increase of 17% month-to-month. Over the period under review, the average export prices reached the peak figure at $5.4 per unit in January 2023; however, from February 2023 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Latvia ($17.4 per unit), while the average price for exports to Finland totaled $3.9 per unit.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+6.3%).

Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Estonia

Imports of non-electric iron or steel central heating radiators other than of cast iron into Estonia stood at 2.8M units in 2022, growing by 2.5% against the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron expanded notably to $7.9M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +60.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to Estonia in 2022:

1. Turkey (1710.0K units)
2. Poland (871.6K units)
3. Latvia (76.7K units)
4. Germany (43.7K units)

Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Estonia

In 2022, after three years of growth, there was significant decline in overseas shipments of non-electric iron or steel central heating radiators other than of cast iron, when their volume decreased by -14.1% to 825K units. The total export volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of 961K units, and then declined in the following year.

In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron stood at $3.5M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from Estonia in 2022:

1. Finland (703.5K units)
2. Latvia (105.0K units)
3. Lithuania (13.9K units)

Source: IndexBox Market Intelligence Platform