Estonia: Olive Market 2025

Olive Market Size in Estonia

The Estonian olive market surged to $X in 2022, rising by 337% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Olive Exports

Exports from Estonia

Olive exports from Estonia amounted to X kg in 2022, remaining stable against the year before. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 2,100% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, olive exports stood at $X in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 1,167% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Latvia (X kg), Lithuania (X kg) and Finland (X kg) were the main destinations of olive exports from Estonia.

From 2015 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +25.4%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Latvia ($X) and Finland ($X) constituted the largest markets for olive exported from Estonia worldwide.

Latvia, with a CAGR of +15.6%, recorded the highest rates of growth with regard to the value of exports, among 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 olive export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 a decrease of -0.4% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 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 country with the highest price was Finland ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+128.9%), while the prices for the other major destinations experienced mixed trend patterns.

Olive Imports

Imports into Estonia

In 2022, the amount of olives imported into Estonia skyrocketed to X tons, picking up by 564% on the previous year's figure. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 1,744% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, olive imports surged to $X in 2022. Overall, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 2,135%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X kg) constituted the largest supplier of olive to Estonia, accounting for a 57% share of total imports. Moreover, olive imports from Italy exceeded the figures recorded by the second-largest supplier, Finland (X kg), twofold. The third position in this ranking was taken by Germany (X kg), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-1.6% per year) and Germany (+68.4% per year).

In value terms, Italy ($X), Finland ($X) and Germany ($X) appeared to be the largest olive suppliers to Estonia, together comprising 94% of total imports.

Germany, with a CAGR of +99.0%, saw the highest growth rate of the value of imports, among 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 olive import price stood at $X per ton in 2022, with a decrease of -38.9% against the previous year. Overall, the import price, however, posted modest growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 67%. The import price peaked at $X per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform