Non-Liquid Margarine Price in Estonia - 2023
Contents:
- Non-Liquid Margarine Price in Estonia (CIF) - 2023
- Non-Liquid Margarine Price in Estonia (FOB) - 2022
- Non-Liquid Margarine Imports in Estonia
- Non-Liquid Margarine Exports in Estonia
Non-Liquid Margarine Price in Estonia (CIF) - 2023
The average non-liquid margarine import price stood at $2,002 per ton in October 2023, therefore, remained relatively stable against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 4.5% against the previous month. Over the period under review, average import prices attained the peak figure at $2,309 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Finland ($3,054 per ton), while the price for Lithuania ($1,593 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Finland (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Estonia (FOB) - 2022
The average non-liquid margarine export price stood at $2,199 per ton in 2022, rising by 30% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-liquid margarine export price increased by +82.9% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($2,205 per ton), while the average price for exports to Russia ($1,832 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 (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Liquid Margarine Imports in Estonia
In 2022, overseas purchases of non-liquid margarine decreased by -9.8% to 5K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 4.5%. As a result, imports reached the peak of 5.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, non-liquid margarine imports expanded significantly to $9.7M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Non-Liquid Margarine in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1.9 | 2.2 | 3.0 | 3.9 | 27.1% |
| Finland | 2.0 | 2.1 | 2.5 | 2.6 | 9.1% |
| Poland | 1.6 | 1.9 | 2.0 | 1.7 | 2.0% |
| Germany | 0.8 | 0.6 | 0.7 | 0.8 | 0.0% |
| Belgium | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| Romania | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Sweden | 0.7 | 0.3 | N/A | 0.1 | -47.7% |
| Others | 0.4 | 0.1 | 0.3 | 0.2 | -20.6% |
| Total | 7.6 | 7.3 | 8.8 | 9.7 | 8.5% |
Top Suppliers of Non-Liquid Margarine to Estonia in 2022:
- Lithuania (2244.6 tons)
- Finland (1017.8 tons)
- Poland (940.6 tons)
- Germany (415.3 tons)
- Romania (110.1 tons)
- Belgium (106.8 tons)
- Sweden (17.4 tons)
Non-Liquid Margarine Exports in Estonia
In 2022, after three years of growth, there was significant decline in overseas shipments of non-liquid margarine, when their volume decreased by -46.2% to 147 tons. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 26%.
In value terms, non-liquid margarine exports reduced sharply to $324K in 2022. In general, exports saw a mild decrease. The pace of growth was the most pronounced in 2020 with an increase of 23%.
| Export of Non-Liquid Margarine in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 267 | 229 | 213 | 271 | 0.5% |
| Finland | 64.8 | 147 | 236 | 48.8 | -9.0% |
| Russia | 9.7 | 12.6 | 13.0 | 2.2 | -39.0% |
| Georgia | N/A | 30.5 | N/A | N/A | 0% |
| Others | 1.5 | 1.6 | 2.1 | 1.8 | 6.3% |
| Total | 343 | 421 | 463 | 324 | -1.9% |
Top Export Markets for Non-Liquid Margarine from Estonia in 2022:
- Latvia (122.8 tons)
- Finland (22.6 tons)
- Russia (1.2 tons)
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