Estonia: Tomato Juice Market 2024

Tomato Juice Market Size in Estonia

The Estonian tomato juice market was estimated at $X in 2022, remaining constant against the previous year. Overall, consumption saw a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the market value increased by 6.2% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Tomato Juice Production in Estonia

In value terms, tomato juice production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a mild downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Tomato Juice Exports

Exports from Estonia

In 2022, the amount of tomato juice exported from Estonia shrank markedly to X tons, with a decrease of -21.4% compared with the previous year's figure. In general, exports recorded a slight decrease. The growth pace was the most rapid in 2017 when exports increased by 172% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, tomato juice exports contracted dramatically to $X in 2022. Overall, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 146% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for tomato juice exports from Estonia, accounting for a 88% share of total exports. Moreover, tomato juice exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-14.1% per year) and Finland (+13.7% per year).

In value terms, Latvia ($X) remains the key foreign market for tomato juice exports from Estonia, comprising 85% of total exports. The second position in the ranking was held by Lithuania ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Latvia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-17.1% per year) and Finland (+10.3% per year).

Export Prices by Country

In 2022, the average tomato juice export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 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 (-2.3%), while the prices for the other major destinations experienced a decline.

Tomato Juice Imports

Imports into Estonia

After three years of growth, overseas purchases of tomato juice decreased by -31.8% to X tons in 2022. Over the period under review, imports saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, tomato juice imports fell remarkably to $X in 2022. Overall, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Latvia (X tons), Poland (X tons) and Lithuania (X tons) were the main suppliers of tomato juice imports to Estonia, together comprising 85% of total imports. Moldova, Spain and Ukraine lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +30.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Poland ($X) and Lithuania ($X) constituted the largest tomato juice suppliers to Estonia, with a combined 73% share of total imports. Spain, Moldova and Ukraine lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, Spain, with a CAGR of +37.2%, 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 tomato juice import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2021 an increase of 9.8% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Spain ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform