Low-voltage switching, protection and connection apparatus market in Estonia

Earlier Report Observations

The Estonian market for low-voltage switching, protection and connection apparatus showed pronounced shifts between 2018 and 2024. The total market value contracted sharply from USD 136.3 million in 2018 to USD 107.3 million in 2020, a drop of over 20%. A strong rebound followed in 2021, with the market recovering to USD 130.2 million.

Domestic production followed a similar initial path, declining from USD 51.4 million in 2018 to USD 48.1 million in 2020. After a brief recovery in 2021, production volume fell again to USD 43.6 million in 2022 and remained around that level through 2024, indicating a structural adjustment in local output.

Following the 2021 recovery, the overall market size stabilized and entered a phase of modest but consistent growth, reaching USD 132.9 million by 2024. This period marked a return to steadier demand conditions after the earlier volatility.

Production low-voltage switching, protection and connection apparatus in Estonia

In value, 2018-2021, K $ US

After a two-year decline, Estonia's production of low-voltage switching, protection, and connection apparatus has rebounded. In 2021, output reached 50 269 thousand US dollars, marking a modest increase of 4.5% compared to 2020. Over the period from 2018 to 2021, production decreased by 2.2%, which translates to an annualized rate of 0.7%. The lowest value was recorded in 2019 at 48 124 thousand US dollars, with the largest decline occurring that same year at 5.1%.

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

Exports low-voltage switching, protection and connection apparatus from Estonia

Exports in kind, t

Exports of low-voltage switching, protection, and connection apparatus from Estonia have grown for the second consecutive year. In 2021, export volumes reached 2 826 tonnes, representing an 11.3% increase compared to the previous year. From 2018 to 2021, exports decreased by 3.8%, with a compound annual growth rate of 1.3%. The lowest value was recorded in 2019 at 2 502 tonnes, which also saw the largest decline of 14.8%.

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

Between 2018 and 2021, Estonia's exports of low-voltage switching, protection, and connection apparatus were distributed across a diverse range of countries. Finland accounted for 23.4% of exports in kind, Norway for 14.0%, and Sweden for 12.2%, together making up just 49.6% of total flows. The remaining 50.4% was spread among numerous other destinations.

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, M $ US

Following a two-year downturn, Estonia's exports of low-voltage switching, protection, and connection apparatus have increased. In 2021, export value amounted to 93.6 million US dollars, showing a gradual rise of 6.9% year-over-year. From 2018 to 2021, exports decreased by 13.7%, with a compound annual growth rate of 4.8%. The lowest value was recorded in 2020 at 87.6 million US dollars, while the largest decline occurred in 2019 at 12.9%.

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

From 2018 to 2021, Estonia's exports of low-voltage switching, protection, and connection apparatus in value terms were spread across many countries. Finland represented 13.6% of exports in value terms, Latvia 11.7%, and Russia 11.7%, together accounting for only 37.0% of total 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 low-voltage switching, protection and connection apparatus to Estonia

Imports in kind, t

Estonia's imports of low-voltage switching, protection, and connection apparatus totaled 4 266 tonnes in 2021, up by 16.9% year-over-year. Between 2018 and 2021, imports increased by 6.4%, equating to an annualized rate of 2.1%. The lowest value was recorded in 2020 at 3 649 tonnes, which also experienced the largest decline of 12.5%.

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

Throughout 2018 to 2021, Finland, Germany, and China were the key sources for Estonia's imports of low-voltage switching, protection, and connection apparatus in kind. Finland accounted for 22.3% of imports in kind, Germany for 18.1%, and China for 11.1%, together comprising 51.5% of total flows.

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, M $ US

After a two-year decrease, Estonia's imports of low-voltage switching, protection, and connection apparatus have risen. In 2021, import value reached 173.5 million US dollars, reflecting an 18.2% increase compared to the previous year. Over the period from 2018 to 2021, imports decreased by 10.3%, with a compound annual growth rate of 3.6%. The lowest value was recorded in 2020 at 146.8 million US dollars, which also saw the largest decline of 14.4%.

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

Between 2018 and 2021, no single market dominated Estonia's imports of low-voltage switching, protection, and connection apparatus in value terms. Germany accounted for 20.3% of imports in value terms, Finland for 15.1%, and China for 11.1%, together making up only 46.5% of total imports. Many smaller partners each held modest individual shares.

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

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