Internal Combustion Engines Market Overview in Estonia
In value terms, internal combustion engines production dropped to $ in 2019 estimated in export prices. Overall, production continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Internal combustion engines production peaked at $ in 2010; however, from 2011 to 2019, production remained at a lower figure.
The size of the internal combustion engines market in Estonia declined to $ in 2019, reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a mild shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2011 to 2019, the growth of the market remained at a lower figure.