Estonia: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Estonia

For the third consecutive year, the Estonian decaffeinated or roasted coffee market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Decaffeinated or roasted coffee consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Coffee (Decaffeinated or Roasted) in Estonia

In value terms, decaffeinated or roasted coffee production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Decaffeinated or roasted coffee production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Coffee (Decaffeinated or Roasted)

Exports from Estonia

In 2022, shipments abroad of coffee (decaffeinated or roasted) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a slight increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, decaffeinated or roasted coffee exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons), Finland (X tons) and Russia (X tons) were the main destinations of decaffeinated or roasted coffee exports from Estonia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Finland ($X) and Russia ($X) constituted the largest markets for decaffeinated or roasted coffee exported from Estonia worldwide, with a combined X% share of total exports.

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average decaffeinated or roasted coffee export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a mild reduction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Finland ($X per ton), while the average price for exports to Latvia ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Imports of Coffee (Decaffeinated or Roasted)

Imports into Estonia

In 2022, imports of coffee (decaffeinated or roasted) into Estonia fell slightly to X tons, with a decrease of X% against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, decaffeinated or roasted coffee imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X tons), Lithuania (X tons) and Latvia (X tons) were the main suppliers of decaffeinated or roasted coffee imports to Estonia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Lithuania ($X) and Latvia ($X) constituted the largest decaffeinated or roasted coffee suppliers to Estonia, together accounting for X% of total imports.

In terms of the main suppliers, Latvia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average decaffeinated or roasted coffee import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price continues to indicate slight growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Italy ($X per ton), while the price for Finland ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform