Estonia: Groundnuts Market 2025

Groundnuts Market Size in Estonia

In 2022, the Estonian groundnuts market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption recorded strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Groundnuts Production in Estonia

In value terms, groundnuts production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 2,502,700%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The average yield of ground-nut (in-shell) in Estonia was estimated at less than X kg per ha in 2022, leveling off at the previous year. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of ground-nut (in-shell) production in Estonia totaled less than X ha, stabilizing at the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Groundnuts Exports

Exports from Estonia

In 2019, shipments abroad of ground-nut (in-shell) was finally on the rise to reach X kg after two years of decline. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 400,400%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2019, the exports stood at a somewhat lower figure.

In value terms, groundnuts exports soared to $X in 2019. Overall, exports, however, continue to indicate a dramatic slump. The growth pace was the most rapid in 2013 when exports increased by 207,356%. The exports peaked at $X in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

Exports by Country

Finland (X kg) was the main destination for groundnuts exports from Estonia, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Finland stood at -12.3%.

In value terms, Finland ($X) also remains the key foreign market for ground-nut (in-shell) exports from Estonia.

From 2012 to 2019, the average annual rate of growth in terms of value to Finland totaled -21.3%.

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2019, dropping by -25% against the previous year. Over the period under review, the export price faced a abrupt descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2019, the rate of growth in terms of prices for Lithuania amounted to +1.8% per year.

Groundnuts Imports

Imports into Estonia

In 2022, overseas purchases of ground-nut (in-shell) increased by 34% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by 152%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, groundnuts imports soared to $X in 2022. Over the period under review, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 198%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest groundnuts supplier to Estonia, accounting for a 51% share of total imports. Moreover, groundnuts imports from Argentina exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Lithuania (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina amounted to +46.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (0.0% per year) and Lithuania (+5.8% per year).

In value terms, Argentina ($X), Turkey ($X) and Lithuania ($X) appeared to be the largest groundnuts suppliers to Estonia, together comprising 84% of total imports. Brazil, China, Finland, Poland and the United States lagged somewhat behind, together comprising a further 16%.

Poland, with a CAGR of +48.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2022, increasing by 36% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 76% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform