Estonia: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Estonia

In 2022, the Estonian temporarily preserved vegetable market increased by 158% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, recorded a perceptible descent. 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.

Temporarily Preserved Vegetable Production in Estonia

In value terms, temporarily preserved vegetable production totaled $X in 2022 estimated in export price. In general, production, however, recorded a mild contraction. The growth pace was the most rapid in 2020 when the production volume increased by 8.9%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Temporarily Preserved Vegetable Exports

Exports from Estonia

In 2022, shipments abroad of vegetables (temporarily preserved) increased by 26% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 2016 when exports increased by 98% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports soared to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.5% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 45%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X tons) and Sweden (X tons) were the main destinations of temporarily preserved vegetable exports from Estonia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +6.5%).

In value terms, Sweden ($X) remains the key foreign market for vegetables (temporarily preserved) exports from Estonia, comprising 68% of total exports. The second position in the ranking was held by Finland ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +1.6%.

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, reducing by -5.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 12% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 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 Sweden ($X per ton), while the average price for exports to Finland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.4%).

Temporarily Preserved Vegetable Imports

Imports into Estonia

In 2022, supplies from abroad of vegetables (temporarily preserved) increased by 87% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2013 when imports increased by 121% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports skyrocketed to $X in 2022. Overall, imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2013 with an increase of 129%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Poland (X tons) and Hungary (X tons) were the main suppliers of temporarily preserved vegetable imports to Estonia, with a combined 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +35.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) constituted the largest supplier of vegetables (temporarily preserved) to Estonia, comprising 48% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Hungary, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-7.4% per year) and Hungary (+37.8% per year).

Import Prices by Country

In 2022, the average temporarily preserved vegetable import price amounted to $X per ton, with an increase of 3.4% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, temporarily preserved vegetable import price decreased by -21.9% against 2016 indices. The growth pace was the most rapid in 2015 when the average import price increased by 30% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Turkey ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform