Key Market Indicators
Estonia's electrical equipment revenue is projected to climb to €659 million by 2028, up from €577 million in 2023. This indicates an average annual growth rate of 2.1%. Since 2013, the Estonian market has experienced a consistent increase of 2.2% year-on-year. In 2023, Estonia ranked 23rd globally, with Portugal ahead at the same revenue figure of €577 million. France, Italy, and Spain occupied the second, third, and fourth spots, respectively. On the export front, Estonia's electrical equipment exports are expected to reach approximately $3.3 billion by 2028, rising from $3.1 billion in 2023. This represents a compound annual growth rate (CAGR) of 1.2%. Since 2000, the country's supply has seen a year-on-year increase of 1.5%. In terms of imports, Estonia's electrical equipment imports are anticipated to grow to nearly $3 billion by 2028, compared to $2.8 billion in 2023. This reflects an annual average growth rate of 0.9%. Since 2000, the nation's demand for electrical equipment has grown steadily at a rate of 1.2% per year.
