Estonia: Lactose Market 2024

Lactose Market Size in Estonia

The Estonian lactose market surged to $X in 2022, picking up by 129% against the previous year. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lactose Production in Estonia

In value terms, lactose production stood at $X in 2022 estimated in export price. In general, production, however, saw a mild reduction. The growth pace was the most rapid in 2014 when the production volume increased by 1,676%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lactose Exports

Exports from Estonia

In 2022, the amount of lactose and lactose syrup exported from Estonia soared to X tons, growing by 2,003% compared with 2021 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 3,078%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, lactose exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 2,461%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for lactose exports from Estonia, accounting for a 62% share of total exports. Moreover, lactose exports to Kazakhstan exceeded the volume sent to the second major destination, Russia (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+12.5% per year) and the United Arab Emirates (0.0% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for lactose and lactose syrup exports from Estonia, comprising 59% of total exports. The second position in the ranking was taken by Russia ($X), with a 23% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+11.0% per year) and the United Arab Emirates (0.0% per year).

Export Prices by Country

The average lactose export price stood at $X per ton in 2022, growing by 3.1% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 63%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Denmark ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Kazakhstan ($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 Denmark (+10.1%).

Lactose Imports

Imports into Estonia

In 2022, overseas purchases of lactose and lactose syrup increased by 1,070% to X tons, rising for the fourth consecutive year after four years of decline. In general, imports recorded a strong expansion. Over the period under review, imports reached the maximum at X tons in 2014; afterwards, it flattened through to 2022.

In value terms, lactose imports skyrocketed to $X in 2022. Over the period under review, imports posted a remarkable increase. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of lactose to Estonia, with a 67% share of total imports. Moreover, lactose imports from Lithuania exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3,404.4% per year) and Germany (+26.2% per year).

In value terms, Lithuania ($X) constituted the largest supplier of lactose and lactose syrup to Estonia, comprising 70% of total imports. The second position in the ranking was taken by Poland ($X), with a 10% share of total imports. It was followed by Germany, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Lithuania amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2,927.5% per year) and Germany (+23.1% per year).

Import Prices by Country

In 2022, the average lactose import price amounted to $X per ton, with a decrease of -2.6% against the previous year. In general, the import price saw a pronounced decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 48% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform