Estonia: Roasted Coffee Market 2024

Roasted Coffee Market Size in Estonia

For the third year in a row, the Estonian 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% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Roasted Coffee Production in Estonia

In value terms, roasted coffee production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Roasted Coffee Exports

Exports from Estonia

In 2022, shipments abroad of roasted coffee increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate slight growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, roasted coffee exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. 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 roasted coffee exports from Estonia, with a combined X% share 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) appeared to be the largest markets for roasted coffee exported from Estonia worldwide, together accounting for X% of total exports.

Finland, with a CAGR of X%, saw the highest growth rate of 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 roasted coffee export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a mild reduction. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign 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.

Roasted Coffee Imports

Imports into Estonia

For the fourth year in a row, Estonia recorded decline in overseas purchases of roasted coffee, which decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, roasted coffee imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed 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 roasted coffee imports to Estonia, together accounting for X% of total imports.

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

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

Among 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 roasted coffee import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price recorded a modest expansion. 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 highest price was recorded for prices from 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