Within the 2019-2024 timeframe, our forecast models predict growth from 3.7% p.a. in a low scenario to 5.4% p.a. in a high scenario. Accordingly, the industry in Estonia is expected to achieve revenues of between $38m to $42m by 2024.
The commercial industrial gas market in Estonia generated revenues of $32.1m in 2019. This is up from $11.3m in 2009, indicating an average annual growth rate of 11.3% p.a.
Over the past decade to 2019 GDP increased by approximately 5.1% on average annually. In 2008 and 2009, the global financial crisis stalled growth falling to -14.6% in the worst year of the crisis. However, the economy recovered quickly and has since posted high growth rates over the last 10 years. The rate was measured at 7.7% in 2019.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential
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