Battery Market Overview in Estonia
In value terms, battery production surged to $ in 2019 estimated in export prices. Over the period under review, production posted buoyant growth. The growth pace was the most rapid in 2009 when the production volume increased by % y-o-y. Over the period under review, production attained the maximum level in 2019 and is expected to retain growth in years to come.
The revenue of the battery market in Estonia shrank to $ in 2019, waning 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). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level at $ in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.