Concentrated Orange Juice Price in Estonia - 2023
Contents:
- Concentrated Orange Juice Price in Estonia (CIF) - 2023
- Concentrated Orange Juice Price in Estonia (FOB) - 2022
- Concentrated Orange Juice Imports in Estonia
- Concentrated Orange Juice Exports in Estonia
Concentrated Orange Juice Price in Estonia (CIF) - 2023
The average concentrated orange juice import price stood at $2,441 per ton in September 2023, surging by 6.5% against the previous month. Overall, import price indicated a moderate expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, concentrated orange juice import price decreased by -6.0% against July 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 108% month-to-month. Over the period under review, average import prices attained the maximum at $2,598 per ton in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Latvia ($3,810 per ton), while the price for Lithuania ($880 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Concentrated Orange Juice Price in Estonia (FOB) - 2022
The average concentrated orange juice export price stood at $1,949 per ton in 2022, which is down by -4.7% against the previous year. In general, the export price recorded a mild downturn. The pace of growth was the most pronounced in 2018 an increase of 40%. The export price peaked at $2,828 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($2,118 per ton), while the average price for exports to Norway ($1,373 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 (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Concentrated Orange Juice Imports in Estonia
In 2022, the amount of concentrated orange juice imported into Estonia skyrocketed to 629 tons, increasing by 56% against the previous year's figure. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, concentrated orange juice imports soared to $1.1M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Concentrated Orange Juice in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 477 | 297 | 47.5 | 554 | 5.1% |
| Hungary | N/A | N/A | N/A | 231 | 0% |
| Austria | 64.5 | 132 | 452 | 151 | 32.8% |
| Argentina | N/A | N/A | N/A | 62.9 | 0% |
| Brazil | 56.0 | 139 | 115 | 59.0 | 1.8% |
| Spain | 63.3 | 58.6 | 31.4 | 0.5 | -80.1% |
| Others | 101 | 61.7 | 85.4 | 17.3 | -44.5% |
| Total | 762 | 688 | 731 | 1,076 | 12.2% |
Top Suppliers of Concentrated Orange Juice to Estonia in 2022:
- Hungary (289.1 tons)
- Netherlands (206.0 tons)
- Austria (73.9 tons)
- Brazil (25.4 tons)
- Argentina (21.4 tons)
- Spain (0.4 tons)
Concentrated Orange Juice Exports in Estonia
In 2022, concentrated orange juice exports from Estonia fell rapidly to 21 tons, shrinking by -41.8% compared with the previous year. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 186% against the previous year. As a result, the exports attained the peak of 37 tons, and then contracted sharply in the following year.
In value terms, concentrated orange juice exports shrank remarkably to $42K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 212% against the previous year. As a result, the exports attained the peak of $75K, and then reduced markedly in the following year.
| Export of Concentrated Orange Juice in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 6.0 | 7.3 | 46.5 | 28.5 | 68.1% |
| Russia | 2.5 | N/A | 1.4 | 4.5 | 21.6% |
| Lithuania | N/A | 12.3 | 19.4 | 4.1 | -42.3% |
| Norway | 2.1 | 1.8 | 0.7 | 1.7 | -6.8% |
| Latvia | 12.5 | 0.1 | 0.1 | N/A | -91.1% |
| Others | N/A | 2.7 | 7.3 | 3.2 | 8.9% |
| Total | 23.0 | 24.2 | 75.4 | 41.8 | 22.0% |
Top Export Markets for Concentrated Orange Juice from Estonia in 2022:
- Finland (13.4 tons)
- Lithuania (2.9 tons)
- Russia (2.8 tons)
- Norway (1.2 tons)
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