Estonia: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Estonia

The Estonian tomato ketchup market rose slightly to $X in 2022, with an increase of 3.8% against the previous year. In general, consumption, however, saw a perceptible curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tomato Ketchup Production in Estonia

In value terms, tomato ketchup production rose slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 60%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Tomato Ketchup Exports

Exports from Estonia

In 2022, approx. X tons of tomato ketchup and tomato sauces were exported from Estonia; which is down by -34.5% compared with the year before. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 434%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tomato ketchup exports contracted rapidly to $X in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 259%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for tomato ketchup exports from Estonia, with a 64% share of total exports. Moreover, tomato ketchup exports to Poland exceeded the volume sent to the second major destination, Latvia (X tons), fourfold. Finland (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled +169.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+17.3% per year) and Finland (+51.4% per year).

In value terms, Poland ($X) remains the key foreign market for tomato ketchup and tomato sauces exports from Estonia, comprising 54% of total exports. The second position in the ranking was taken by Latvia ($X), with a 21% share of total exports. It was followed by Finland, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to +144.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+16.3% per year) and Finland (+52.1% per year).

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. Over the period under review, the average export prices reached the maximum 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 ($X per ton), while the average price for exports to Russia ($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 Finland (+0.4%), while the prices for the other major destinations experienced a decline.

Tomato Ketchup Imports

Imports into Estonia

In 2022, tomato ketchup imports into Estonia reduced to X tons, which is down by -12.2% on the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, tomato ketchup imports reduced to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of tomato ketchup to Estonia, with a 31% share of total imports. Moreover, tomato ketchup imports from Sweden exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Latvia (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.2% per year) and Latvia (-0.8% per year).

In value terms, the largest tomato ketchup suppliers to Estonia were Italy ($X), Sweden ($X) and the Netherlands ($X), with a combined 49% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +21.3%, 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

The average tomato ketchup import price stood at $X per ton in 2022, picking up by 3.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 the Netherlands ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform