Estonia: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Estonia

In 2022, the Estonian wine of fresh grapes market increased by 2.3% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Estonia

In 2022, shipments abroad of wine of fresh grapes (except sparkling wine) increased by 13% to X litres, rising for the second year in a row after three years of decline. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 49%. The exports peaked at X litres in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wine of fresh grapes exports rose notably to $X in 2022. Overall, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +44.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 54% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X litres), Russia (X litres) and Latvia (X litres) were the main destinations of wine of fresh grapes exports from Estonia, together accounting for 84% of total exports. Lithuania, Kazakhstan, Sweden and the UK lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +191.3%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from Estonia, comprising 47% of total exports. The second position in the ranking was held by Russia ($X), with a 15% share of total exports. It was followed by Latvia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-6.5% per year) and Latvia (+0.0% per year).

Export Prices by Country

The average wine of fresh grapes export price stood at $X per litre in 2022, waning by -5.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 14%. As a result, the export price reached the peak level of $X per litre. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per litre), while the average price for exports to Kazakhstan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Estonia

In 2022, supplies from abroad of wine of fresh grapes (except sparkling wine) increased by 6.5% to X litres, rising for the second year in a row after three years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 10% against the previous year. Over the period under review, imports hit record highs at X litres in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wine of fresh grapes imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X litres), Italy (X litres) and Germany (X litres) were the main suppliers of wine of fresh grapes imports to Estonia, with a combined 51% share of total imports. France, Chile, Australia, Georgia, South Africa, Portugal, Romania and Argentina lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wine of fresh grapes suppliers to Estonia were Italy ($X), France ($X) and Spain ($X), together comprising 56% of total imports. Germany, Chile, Australia, Georgia, Portugal, South Africa, Argentina and Romania lagged somewhat behind, together accounting for a further 33%.

Portugal, with a CAGR of +16.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wine of fresh grapes import price stood at $X per litre in 2022, with a decrease of -2.3% against the previous year. Overall, the import price, however, recorded a mild increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 11%. Over the period under review, average import prices reached the peak figure at $X per litre in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform