Linear acting hydraulic cylinders market in Estonia

Earlier Report Observations

The Estonian market for linear acting hydraulic cylinders expanded from USD 12.0 million in 2018 to USD 13.5 million in 2019, influenced by new regulatory requirements for vehicle technical conditions and equipment that stimulated demand for compliant hydraulic components. The market contraction to USD 11.6 million in 2020 was primarily a result of global supply chain disruptions caused by the COVID-19 pandemic, leading to delivery delays and increased costs for materials and components.

A sharp market recovery to USD 15.3 million occurred in 2021, fueled by growing popularity of electric motorcycles and mopeds like the Sur-Ron Light Bee, which increased demand for high-quality hydraulic shock absorbers and brake systems. Mekanex's continued partnership with KMS Stoßdämpfer GmbH further broadened the availability of hydraulic components. Growth continued in 2022, with the market reaching USD 16.6 million, supported by the launch of new electric motorcycle models featuring advanced hydraulic telescopic shocks and multi-piston brake calipers, despite ongoing global supply chain constraints affecting material availability.

Following the 2022 peak, the market value declined to USD 15.0 million in 2023 and then saw a modest stabilization, rising to USD 15.3 million in 2024.

Production linear acting hydraulic cylinders in Estonia

In value, 2018-2021, K $ US

In 2021, the output of linear acting hydraulic cylinders in Estonia was valued at 10 560 K $ US, marking a significant 39.3% increase from the previous year. Over the period from 2018 to 2021, production grew by 39.1%, which translates to an annualized rate of 11.6%. The lowest value was recorded in 2020 at 7 583 K $ US, with the largest decline of 19.3% also occurring that year.

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

In kind, 2018-2021, unit

In 2021, Estonia produced 75 201 units of linear acting hydraulic cylinders, showing a modest year-on-year gain of 2.0%. From 2018 to 2021, production increased by 9.8%, with a compound annual growth rate of 3.2%. The peak was reached in 2019 with 93 814 units, which saw the largest increase of 37.0%. In contrast, 2020 experienced the largest decline of 21.4%.

Annual dynamics of production in Estonia in kind, 2018-2021, unit

Exports linear acting hydraulic cylinders from Estonia

Exports in kind, K unit

Following a two-year decrease, exports of linear acting hydraulic cylinders from Estonia rebounded in 2021, totaling 71.7 K units—a robust 19.0% increase compared to 2020. Over the 2018-2021 period, exports declined by 15.8%, equating to an annualized rate of 5.6%. The lowest value was recorded in 2020 at 60.3 K units, with the largest decline of 20.2% occurring in 2019.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, K unit

From 2018 to 2021, Finland, Russia, and Sweden emerged as the primary markets for Estonia's exports of linear acting hydraulic cylinders in kind. Finland accounted for 45.9% of exports, Russia for 28.3%, and Sweden for 9.4%, collectively representing 83.6% 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

Exports of linear acting hydraulic cylinders from Estonia increased for the second consecutive year in 2021, reaching 1 358 K $ US—a 22.1% rise compared to 2020. However, over the 2018-2021 period, exports decreased by 9.5%, with a compound annual growth rate of -3.3%. The lowest value was recorded in 2019 at 1 029 K $ US, which also saw the largest decline of 31.4%.

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

Throughout 2018-2021, Russia, Finland, and Sweden remained the key markets for Estonia's exports of linear acting hydraulic cylinders in value terms. Russia held 36.8% of exports, Finland 28.1%, and Sweden 11.1%, together accounting for 76.0% of total export flows.

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

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

Imports linear acting hydraulic cylinders to Estonia

Imports in kind, K unit

In 2021, imports of linear acting hydraulic cylinders into Estonia surged to 546.8 K units, a 36.5% increase from the previous year. Over the 2018-2021 period, imports grew by 13.7%, equating to an annualized rate of 4.4%. The lowest value was recorded in 2020 at 400.5 K units, with the largest decline of 40.9% that year. In contrast, 2019 saw the peak at 677.4 K units and the largest increase of 40.9%.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, K unit

From 2018 to 2021, Finland, China, and Europe, not elsewhere specified, were the top suppliers of linear acting hydraulic cylinders to Estonia in kind. Finland and China each accounted for 30.8% of imports, while Europe, not elsewhere specified, contributed 11.1%, with their combined share reaching 72.7% of total imports.

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

After a two-year decline, imports of linear acting hydraulic cylinders into Estonia increased in 2021, standing at 6 049 K $ US—an 18.3% rise versus the previous year. Over the 2018-2021 period, imports grew by 2.3%, with a compound annual growth rate of 0.8%. The lowest value was recorded in 2020 at 5 112 K $ US, while the largest decline of 13.3% occurred in 2019.

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

In 2018-2021, the leading sources for imports of linear acting hydraulic cylinders into Estonia in value terms were Finland, China, and Europe, not elsewhere specified. Finland accounted for 35.5% of imports, China for 13.0%, and Europe, not elsewhere specified for 12.7%, jointly making up 61.2% of total import flows.

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

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