Estonia: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Estonia

The Estonian pasta and couscous market soared to $X in 2022, with an increase of 36% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Pasta And Couscous Production in Estonia

In value terms, pasta and couscous production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild curtailment. Pasta and couscous production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Pasta And Couscous Exports

Exports from Estonia

Pasta and couscous exports from Estonia shrank to X tons in 2022, with a decrease of -5.9% on 2021 figures. In general, exports continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2015 with an increase of 13%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, pasta and couscous exports totaled $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Lithuania (X tons), Finland (X tons) and Latvia (X tons) were the main destinations of pasta and couscous exports from Estonia, together comprising 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +8.3%), while shipments for the other leaders experienced a decline.

In value terms, Finland ($X) remains the key foreign market for stuffed pasta and couscous exports from Estonia, comprising 54% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-2.0% per year) and Latvia (-0.4% per year).

Export Prices by Country

The average pasta and couscous export price stood at $X per ton in 2022, surging by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2021 when the average export price increased by 18% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Lithuania ($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 Latvia (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Estonia

In 2022, purchases abroad of stuffed pasta and couscous increased by 11% to X tons, rising for the seventh consecutive year after two years of decline. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, pasta and couscous imports amounted to $X in 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Latvia (X tons) constituted the largest pasta and couscous supplier to Estonia, accounting for a 47% share of total imports. Moreover, pasta and couscous imports from Latvia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+11.8% per year) and Poland (+11.4% per year).

In value terms, the largest pasta and couscous suppliers to Estonia were Latvia ($X), Lithuania ($X) and Poland ($X), together accounting for 66% of total imports. Ukraine, Germany, Finland, Thailand, Italy and Russia lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, Ukraine, with a CAGR of +24.3%, saw 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

In 2022, the average pasta and couscous import price amounted to $X per ton, dropping by -5.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

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 Ukraine ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform