Printed circuits market in Estonia

Earlier Report Observations

In 2018, the Estonian printed circuits market was supported by technological advancements and the launch of new production facilities, such as the plant in Paides, which bolstered local manufacturing. However, the market volume contracted to 75 065 thousand USD in 2019. The COVID-19 pandemic in 2020 further disrupted global supply chains, leading to a significant decline in market volume to 57 549 thousand USD.

The market recovered in 2021, reaching 66 563 thousand USD, driven by increased demand for electronic devices, which spurred the emergence of new segments and products in the printed circuits sector. Enhanced focus on quality assurance through advanced testing methods also strengthened the market. This growth continued into 2022, with the industry investing in development and prioritizing customer needs by offering rapid and high-quality services, pushing the market volume to 69 162 thousand USD.

In 2023, the market volume dropped to 48 832 thousand USD but partially rebounded in 2024 to 63 953 thousand USD. Throughout the period, Estonian production of printed circuits showed consistent growth, rising by over 60% from 2018 to 2024, reflecting sustained technological progress and the adoption of automation and standardization.

Production printed circuits in Estonia

In value, 2018-2021, K $ US

Estonia's printed circuits production has been growing for three consecutive years. In 2021, the output value reached 29 594 thousand US dollars, marking a significant 39.3% increase compared to 2020. Looking at the period from 2018 to 2021, production rose by 61.1%, which translates to an average annual growth rate of 17.2%.

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

In kind, 2018-2021, K unit

Following a two-year decline, Estonia's printed circuits production rebounded in 2021. The country produced 9 395 thousand units, showing a 23.2% year-over-year increase. However, over the broader 2018-2021 period, production decreased by 18.7%, with a compound annual growth rate of -6.7%. The lowest production level was recorded in 2020 at 7 627 thousand units, which also saw the largest decline of 25.2%.

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

Exports printed circuits from Estonia

Exports in kind, K unit

Printed circuits exports from Estonia have increased for the second year in a row. In 2021, exports totaled 224 thousand units, up 16.9% from the previous year. Despite this recent growth, exports fell by 23.9% between 2018 and 2021, averaging an annual decline of 8.7%. The lowest export volume was in 2019 at 189 thousand units, which also experienced the sharpest drop of 35.9%.

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

From 2018 to 2021, Finland, Germany, and Sweden were the top destinations for Estonia's printed circuits exports in volume terms. Finland accounted for 29.8% of exports, Germany for 18.2%, and Sweden for 8.1%. Together, these three countries made up 56.1% of total exports.

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

Estonia's printed circuits exports in value terms have risen for two consecutive years. In 2021, exports were valued at 29 708 thousand US dollars, an 8.4% increase over the previous year. Over the 2018-2021 period, exports grew by 15.1%, with a compound annual growth rate of 4.8%. The lowest value was recorded in 2019 at 22 205 thousand US dollars, which saw a decline of 14.0%. In contrast, 2020 posted the largest increase of 23.5%.

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

The structure of Estonia's printed circuits exports in value terms from 2018 to 2021 was relatively diversified. Finland was the largest market with 25.6% of exports, followed by Germany at 12.6% and Sweden at 11.6%. Together, these three countries accounted for 49.8% of total exports, with no single country dominating the market.

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

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

Imports printed circuits to Estonia

Imports in kind, K unit

After two years of decline, Estonia's printed circuits imports increased in 2021. Imports reached 909 thousand units, up 6.1% from the previous year. However, over the 2018-2021 period, imports decreased by 24.4%, averaging an annual decline of 8.9%. The lowest import volume was in 2020 at 857 thousand units, which also saw the largest drop of 16.2%.

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

From 2018 to 2021, China, Sweden, and Asia (not elsewhere specified) were the main suppliers of printed circuits to Estonia in volume terms. China dominated with 66.4% of imports, followed by Sweden at 12.6% and Asia at 5.1%. Collectively, these sources accounted for 84.2% 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

Following a two-year decrease, Estonia's printed circuits imports in value terms rose in 2021. Imports totaled 66 677 thousand US dollars, a modest 4.6% increase compared to 2020. Over the 2018-2021 period, imports fell by 31.3%, with a compound annual growth rate of -11.8%. The lowest value was recorded in 2020 at 63 723 thousand US dollars, while the largest decline occurred in 2019 at 20.5%.

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

In value terms, China, Sweden, and Asia (not elsewhere specified) were the primary sources of Estonia's printed circuits imports from 2018 to 2021. China led with 59.3% of imports, Sweden contributed 13.9%, and Asia accounted for 9.1%. Together, these three sources made up 82.3% 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