Estonia: Tomato Puree Market 2024

Tomato Puree Market Size in Estonia

In 2022, the Estonian tomato puree market increased by 8.3% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.3% against 2020 indices. Tomato puree consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Tomato Puree Production in Estonia

In value terms, tomato puree production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 3,004%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Tomato Puree Exports

Exports from Estonia

In 2022, overseas shipments of tomato puree and paste increased by 117% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports showed tangible growth. The most prominent rate of growth was recorded in 2014 when exports increased by 125%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, tomato puree exports surged to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for tomato puree exports from Estonia, with a 71% share of total exports. Moreover, tomato puree exports to Russia exceeded the volume sent to the second major destination, Latvia (X tons), threefold. Finland (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+1.4% per year) and Finland (+64.7% per year).

In value terms, Russia ($X) remains the key foreign market for tomato puree and paste exports from Estonia, comprising 71% of total exports. The second position in the ranking was taken by Latvia ($X), with a 21% share of total exports. It was followed by Finland, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-3.5% per year) and Finland (+59.7% per year).

Export Prices by Country

The average tomato puree export price stood at $X per ton in 2022, increasing by 2.4% against the previous year. Overall, the export price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2013 an increase of 65% 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 failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Finland ($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 (+42.3%), while the prices for the other major destinations experienced mixed trend patterns.

Tomato Puree Imports

Imports into Estonia

In 2022, after two years of decline, there was significant growth in overseas purchases of tomato puree and paste, when their volume increased by 12% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, tomato puree imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 27%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of tomato puree imports to Estonia, with a combined 53% share of total imports. Lithuania, Greece, Ukraine, Turkey, Chile, Germany, China and Finland lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +69.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Portugal ($X) and Spain ($X) constituted the largest tomato puree suppliers to Estonia, together comprising 52% of total imports. Lithuania, Greece, Germany, Ukraine, Turkey, Chile, Finland and China lagged somewhat behind, together comprising a further 42%.

In terms of the main suppliers, Turkey, with a CAGR of +64.5%, recorded 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 puree import price amounted to $X per ton, increasing by 5.6% against the previous year. Overall, the import price showed a modest expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Greece ($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 (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform