Estonia: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Estonia

For the sixth year in a row, the Estonian market for mixed condiments, sauses and seasonings recorded decline in sales value, which decreased by -27.8% to $X in 2022. Overall, consumption continues to indicate a deep slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Mixed Condiments, Sauses and Seasonings in Estonia

In value terms, mixed condiment, sause and seasoning production reached $X in 2022 estimated in export price. Overall, production saw a noticeable downturn. The growth pace was the most rapid in 2013 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Estonia

For the third consecutive year, Estonia recorded decline in shipments abroad of mixed condiments, sauses and seasonings, which decreased by -0.2% to X tons in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 14% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, mixed condiment, sause and seasoning exports expanded remarkably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 14%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for mixed condiment, sause and seasoning exports from Estonia, accounting for a 45% share of total exports. Moreover, mixed condiment, sause and seasoning exports to Finland exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Latvia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Finland stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-5.3% per year) and Latvia (+6.3% per year).

In value terms, Finland ($X) remains the key foreign market for mixed condiments, sauses and seasonings exports from Estonia, comprising 36% of total exports. The second position in the ranking was taken by Latvia ($X), with a 15% share of total exports. It was followed by Sweden, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+6.8% per year) and Sweden (-5.9% per year).

Export Prices by Country

The average export price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, rising by 6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 8% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Estonia

In 2022, purchases abroad of mixed condiments, sauses and seasonings was finally on the rise to reach X tons after two years of decline. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 83% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, mixed condiment, sause and seasoning imports rose to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 93% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Latvia (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Estonia, with a combined 43% share of total imports. Finland, Lithuania, the Netherlands, Thailand, Sweden, Italy, Austria and the United States lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and Poland ($X) appeared to be the largest mixed condiment, sause and seasoning suppliers to Estonia, together comprising 40% of total imports. Lithuania, Latvia, Sweden, the Netherlands, Thailand, Austria, Italy and the United States lagged somewhat behind, together accounting for a further 48%.

Lithuania, with a CAGR of +22.8%, 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 import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, declining by -6.4% against the previous year. Overall, the import price showed a mild setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 9.2%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Austria ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform