Estonia: Travel Set Market 2024

Travel Set Market Size in Estonia

The Estonian travel set market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Travel Set Production in Estonia

In value terms, travel set production surged to $X in 2022 estimated in export price. In general, production showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Travel Set Exports

Exports from Estonia

In 2022, travel set exports from Estonia totaled X units, therefore, remained relatively stable against the previous year. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, travel set exports declined to $X in 2022. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted modestly in the following year.

Exports by Country

Russia (X units) was the main destination for travel set exports from Estonia, with a X% share of total exports. Moreover, travel set exports to Russia exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by Norway (X units), with an X% share.

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

In value terms, Russia ($X) remains the key foreign market for travel sets exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average travel set export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then reduced in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and Finland ($X per unit), while the average price for exports to Norway ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Estonia

In 2022, after three years of decline, there was significant growth in overseas purchases of travel sets, when their volume increased by X% to X units. Overall, imports, however, showed a drastic downturn. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, travel set imports soared to $X in 2022. In general, imports enjoyed resilient growth. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X units), China (X units) and Latvia (X units) were the main suppliers of travel set imports to Estonia, with a combined X% share of total imports. The Czech Republic, Italy, Lithuania and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Latvia ($X) and China ($X) appeared to be the largest travel set suppliers to Estonia, with a combined X% share of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 travel set import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for the Netherlands ($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 Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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