Report Update: May 1, 2024

Estonia - Ice Cream - Market Analysis, Forecast, Size, Trends And Insights

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Ice Cream Price in Estonia - 2023

Ice Cream Price in Estonia (CIF) - 2023

In September 2023, the average ice cream import price amounted to $4,453 per ton, approximately equating the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in March 2023 an increase of 20% against the previous month. As a result, import price attained the peak level of $5,102 per ton. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($6,077 per ton), while the price for Ukraine ($3,598 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 Ukraine (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Ice Cream Price in Estonia (FOB) - 2023

In September 2023, the average ice cream export price amounted to $2,972 per ton, waning by -16.5% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 18% against the previous month. Over the period under review, the average export prices hit record highs at $4,135 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Latvia ($5,289 per ton), while the average price for exports to Russia ($1,419 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ice Cream Imports in Estonia

In 2022, imports of ice cream into Estonia reduced to 2.7K tons, which is down by -10% compared with the previous year. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of 3K tons, and then contracted in the following year.

In value terms, ice cream imports declined to $9.5M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. As a result, imports attained the peak of $11M, and then contracted in the following year.

Import of Ice Cream in Estonia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	0.4	1.6	5.8	5.7	142.4%
Poland	1.4	1.0	1.3	1.2	-5.0%
Lithuania	2.6	4.1	1.7	1.1	-24.9%
Finland	0.9	0.9	0.8	0.6	-12.6%
Ukraine	0.1	0.2	0.3	0.3	44.2%
Italy	0.4	0.2	0.3	0.3	-9.1%
Netherlands	0.5	0.1	0.3	0.1	-41.5%
Germany	0.7	N/A	N/A	N/A	0%
Others	0.8	0.1	0.4	0.2	-37.0%
Total	7.8	8.2	10.9	9.5	6.8%

Top Suppliers of Ice Cream to Estonia in 2022:

Latvia (1786.8 tons)
Lithuania (336.7 tons)
Poland (226.5 tons)
Finland (135.2 tons)
Ukraine (112.4 tons)
Italy (51.9 tons)
Netherlands (40.2 tons)
Germany (4.8 tons)

Ice Cream Exports in Estonia

In 2022, the amount of ice cream exported from Estonia shrank slightly to 2.7K tons, waning by -3.1% compared with the year before. Overall, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by 6.6%.

In value terms, ice cream exports dropped to $8.1M in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. As a result, the exports attained the peak of $8.6M, and then fell in the following year.

Export of Ice Cream in Estonia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Finland	2.9	3.6	4.0	4.1	12.2%
Lithuania	2.0	1.5	1.7	1.7	-5.3%
Latvia	1.6	1.3	1.4	1.2	-9.1%
Denmark	0.3	0.4	0.5	0.4	10.1%
Sweden	0.4	0.6	0.6	0.4	0.0%
Others	0.2	0.3	0.5	0.3	14.5%
Total	7.5	7.6	8.6	8.1	2.6%

Top Export Markets for Ice Cream from Estonia in 2022:

Lithuania (1103.8 tons)
Finland (1071.7 tons)
Latvia (290.6 tons)
Denmark (104.0 tons)
Sweden (81.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ice cream market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10521000 - Ice cream and other edible ice (including sherbet, lollipops) (excluding mixes and bases for ice cream)

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023