Key Market Indicators
Revenue of Estonian electrical equipment is projected to reach €561.5 million by 2026, up 1.2% year-on-year on average. Since 2013, the market has grown 1.5% year-on-year. In 2021, Estonia was ranked 24th in the world, surpassed by Croatia with €519.5 million. France, Italy and Spain came in second, third and fourth place respectively. Export of Estonian electrical equipment is expected to reach $3.2 billion by 2026, growing 1.2% year-on-year on average. Since 2000, supply has risen 0.5% annually. In 2021, Estonia was ranked 41st in the world, with Brazil coming first at $2.9 billion. South Korea, the United States and Germany were second, third and fourth respectively. Import of Estonian electrical equipment is set to reach $2.9 billion by 2026, up 0.9% year-on-year on average. Since 2000, demand has risen 0.8% annually. In 2021, Estonia was ranked 60th in the world, overtaken by Lithuania with $2.7 billion. The United States, Germany and Singapore were second, third and fourth respectively.
