Electrical push-button and rotary switches market in Estonia

Earlier Report Observations

Between 2018 and 2020, the market value for electrical push-button and rotary switches in Estonia fell by 24%, dropping from USD 17.9 million to USD 13.6 million. This decline coincided with revised official energy forecasts that reduced the projected need for renewable electricity capacity by 2030. Simultaneously, rising prices and market concentration among wind turbine manufacturers lowered the economic attractiveness of new wind park investments, curtailing demand for associated electrical components.

Market conditions shifted in 2021, with the value rebounding to USD 15.4 million. This recovery was driven by a significant 15.6% surge in renewable energy production that year, which increased the share of renewables to 40.7% of national electricity generation. The expansion of solar and wind capacity created direct demand for electrical installation equipment. Growth continued through 2024, with the market reaching USD 16.3 million, supported by policy initiatives like the Green Transition Action Plan and the addition of new renewable energy sources, including a major wind-solar hybrid park.

By 2025, the regulatory environment evolved with new grid codes defining low-voltage connection points, updated electrical safety laws, and substantial investments in network upgrades and electric vehicle charging infrastructure. These developments, alongside the synchronization of Estonia's power grid with the European network, aimed to modernize the energy system and support electrification, shaping the underlying demand for electrical switches.

Production electrical push-button and rotary switches in Estonia

In value, 2018-2021, K $ US

Estonia's production of electrical push-button and rotary switches declined for the second consecutive year. In 2021, output was valued at 8 249 thousand US dollars, marking a 34.8% decrease compared to the previous year. Over the period from 2018 to 2021, production fell by 45.3%, with a compound annual growth rate of -18.2%. The peak value was recorded in 2019 at 15 828 thousand US dollars, which also saw the largest annual increase of 5.0%.

Annual dynamics of production in Estonia in value, 2018-2021, K $ US

Exports electrical push-button and rotary switches from Estonia

Exports in kind, t

In 2021, Estonia's exports of electrical push-button and rotary switches amounted to 742.0 tonnes, representing a 28.5% increase from the previous year. From 2018 to 2021, exports grew by 29%, with a compound annual growth rate of 8.8%. The largest decline occurred in 2020, with a drop of 5.3%.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, t

Between 2018 and 2021, Norway, Denmark, and Poland were the largest recipients of Estonia's exports in kind. Norway accounted for 36.4% of exports, Denmark for 16.7%, and Poland for 10.3%, together comprising 63.4% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Estonia in kind, 2018-2021

Exports in value, K $ US

After two years of growth, Estonia's exports of electrical push-button and rotary switches declined in 2021. Exports were valued at 20 391 thousand US dollars, showing a 9.3% decrease compared to 2020. Over the 2018-2021 period, exports increased by 13.4%, with a compound annual growth rate of 4.3%. The highest value was recorded in 2020 at 22 474 thousand US dollars, while the largest increase occurred in 2019 at 23.9%.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

From 2018 to 2021, Latvia, Norway, and Germany were the primary buyers of electrical push-button and rotary switches from Estonia in value terms. Latvia accounted for 30.5% of exports, Norway for 10.4%, and Germany for 9.8%, jointly representing 50.7% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Estonia in value, 2018-2021

Imports electrical push-button and rotary switches to Estonia

Imports in kind, t

Following two years of growth, Estonia's imports of electrical push-button and rotary switches declined in 2021. Imports totaled 570.7 tonnes, a modest decrease of 5.5% from the previous year. Between 2018 and 2021, imports increased by 11.5%, equating to an annualized growth rate of 3.7%. The peak volume was recorded in 2020 at 603.6 tonnes, which also saw the largest annual increase of 9.2%.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, t

In the period from 2018 to 2021, Finland, China, and Germany were the main sources of imports in kind for Estonia. Finland accounted for 40.6% of imports, China for 14.5%, and Germany for 14.4%, together making up 69.5% of total import volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Estonia in kind, 2018-2021

Imports in value, K $ US

Estonia's imports of electrical push-button and rotary switches increased for the third consecutive year in 2021. Import value reached 27 567 thousand US dollars, up by 17.6% year-over-year. Between 2018 and 2021, imports grew by 32.2%, with an annualized growth rate of 9.8%.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

From 2018 to 2021, Finland, Germany, and China remained the key suppliers of electrical push-button and rotary switches to Estonia in value terms. Finland accounted for 25.6% of imports, Germany for 20.2%, and China for 10.6%, jointly forming 56.4% of total import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Estonia in value, 2018-2021