Estonia: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Estonia

In 2022, the Estonian market for candies, sweets, and nonchocolate confectionery increased by 9.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +6.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Candies, Sweets, and Nonchocolate Confectionery in Estonia

In value terms, candy, sweets, and nonchocolate confectionery production reduced to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 28%. Over the period under review, production reached the peak level at $X in 2021, and then fell in the following year.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Estonia

In 2022, shipments abroad of candies, sweets, and nonchocolate confectionery increased by 7.4% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports surged to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 37%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Estonia, accounting for a 50% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Latvia exceeded the volume sent to the second major destination, Finland (X tons), twofold. Lithuania (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia stood at -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+5.0% per year) and Lithuania (-3.7% per year).

In value terms, Finland ($X), Latvia ($X) and Lithuania ($X) were the largest markets for candy, sweets, and nonchocolate confectionery exported from Estonia worldwide, together accounting for 77% of total exports. Sweden, Norway, Germany, Kazakhstan and Russia lagged somewhat behind, together accounting for a further 20%.

Kazakhstan, with a CAGR of +31.5%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, rising by 7.1% against the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 52% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Latvia ($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 Germany (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Estonia

In 2022, imports of candies, sweets, and nonchocolate confectionery into Estonia surged to X tons, growing by 20% on 2021 figures. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery imports soared to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Estonia, together accounting for 40% of total imports. Finland, Latvia, Ukraine, Lithuania, the Czech Republic, Belgium, Sweden, Spain, Slovakia and Denmark lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +29.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to Estonia were Germany ($X), Poland ($X) and the Netherlands ($X), with a combined 41% share of total imports.

Among the main suppliers, Poland, with a CAGR of +20.2%, recorded the highest rates of growth with regard to 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 import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, reducing by -1.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 13%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform