Estonia: Wheat Market 2025

Wheat Market Size in Estonia

The Estonian wheat market fell remarkably to $X in 2022, waning by -32.9% against the previous year. Over the period under review, consumption saw a noticeable downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wheat Production in Estonia

In value terms, wheat production rose modestly to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 67%. Wheat production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of wheat in Estonia was estimated at X tons per ha in 2022, with an increase of 11% on the previous year's figure. Over the period under review, the yield indicated modest growth from 2012 to 2022: its figure increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat yield decreased by -10.6% against 2019 indices. The pace of growth was the most pronounced in 2019 when the yield increased by 74% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average wheat yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of wheat production in Estonia shrank to X ha, declining by -3.3% on the year before. The harvested area increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. Over the period under review, the harvested area dedicated to wheat production reached the peak figure at X ha in 2021, and then reduced modestly in the following year.

Wheat Exports

Exports from Estonia

In 2022, exports of wheat from Estonia soared to X tons, jumping by 33% against 2021 figures. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 194%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat exports skyrocketed to $X in 2022. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 145%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons), Cameroon (X tons) and Saudi Arabia (X tons) were the main destinations of wheat exports from Estonia, with a combined 42% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +13.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cameroon ($X) and Saudi Arabia ($X) were the largest markets for wheat exported from Estonia worldwide, with a combined 41% share of total exports.

Saudi Arabia, with a CAGR of +26.9%, recorded the highest rates of growth with regard to the value of exports, among 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 wheat export price stood at $X per ton in 2022, picking up by 25% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat export price increased by +46.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Israel ($X per ton), while the average price for exports to Morocco ($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 Nigeria (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Imports

Imports into Estonia

In 2022, the amount of wheat imported into Estonia contracted notably to X tons, with a decrease of -66.6% against 2021 figures. In general, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 409% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wheat imports declined sharply to $X in 2022. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 238% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Latvia (X tons) constituted the largest supplier of wheat to Estonia, accounting for a 61% share of total imports. Moreover, wheat imports from Latvia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. Ukraine (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia amounted to -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-10.0% per year) and Ukraine (0.0% per year).

In value terms, Latvia ($X), Lithuania ($X) and Ukraine ($X) constituted the largest wheat suppliers to Estonia, together accounting for 91% of total imports.

Among the main suppliers, Ukraine, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average wheat import price amounted to $X per ton, rising by 42% against the previous year. Overall, the import price recorded a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform