Preserved Frozen Potato Price in Estonia - 2023
Contents:
- Preserved Frozen Potato Price in Estonia (CIF) - 2023
- Preserved Frozen Potato Price in Estonia (FOB) - 2023
- Preserved Frozen Potato Imports in Estonia
- Preserved Frozen Potato Exports in Estonia
Preserved Frozen Potato Price in Estonia (CIF) - 2023
The average preserved frozen potato import price stood at $1,598 per ton in October 2023, with a decrease of -2.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in December 2022 an increase of 15% against the previous month. Over the period under review, average import prices hit record highs at $1,704 per ton in April 2023; however, from May 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Latvia ($1,769 per ton) and Poland ($1,665 per ton), while the price for Lithuania ($1,433 per ton) and the Netherlands ($1,472 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Frozen Potato Price in Estonia (FOB) - 2023
In October 2023, the average preserved frozen potato export price amounted to $1,687 per ton, flattening at the previous month. Overall, the export price continues to indicate a mild decrease. The pace of growth was the most pronounced in March 2023 when the average export price increased by 32% m-o-m. Over the period under review, the average export prices hit record highs at $2,171 per ton in January 2023; however, from February 2023 to October 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Latvia.
From October 2022 to October 2023, the rate of growth in terms of prices for Russia amounted to +17.1% per month.
Preserved Frozen Potato Imports in Estonia
In 2022, the amount of frozen potatoes prepared or preserved imported into Estonia soared to 11K tons, growing by 22% compared with 2021. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved frozen potato imports surged to $12M in 2022. The total import value increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Preserved Frozen Potato in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.9 | 4.8 | 4.6 | 5.3 | 10.8% |
| Latvia | 0.1 | 1.3 | 1.7 | 2.1 | 175.9% |
| Netherlands | 3.3 | 1.1 | 1.2 | 1.6 | -21.4% |
| Belgium | 0.6 | 0.9 | 1.0 | 1.4 | 32.6% |
| Czech Republic | N/A | N/A | N/A | 0.8 | 0% |
| Lithuania | N/A | 0.3 | 0.4 | 0.5 | 29.1% |
| Finland | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Germany | 0.7 | 0.3 | 0.3 | 0.2 | -34.1% |
| Others | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Total | 8.9 | 9.0 | 9.8 | 12.4 | 11.7% |
Top Suppliers of Preserved Frozen Potato to Estonia in 2022:
- Poland (4.6K tons)
- Latvia (1.8K tons)
- Netherlands (1.3K tons)
- Belgium (1.3K tons)
- Lithuania (0.8K tons)
- Czech Republic (0.6K tons)
- Finland (0.3K tons)
- Germany (0.2K tons)
Preserved Frozen Potato Exports in Estonia
In 2022, overseas shipments of frozen potatoes prepared or preserved increased by 68% to 1.8K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a pronounced curtailment.
In value terms, preserved frozen potato exports skyrocketed to $2.7M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Preserved Frozen Potato in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 910 | 996 | 1,098 | 1,196 | 9.5% |
| Poland | N/A | N/A | N/A | 991 | 0% |
| Russia | 112 | 44.5 | 56.7 | 321 | 42.0% |
| Finland | 4.5 | 2.0 | 28.8 | 77.6 | 158.4% |
| Lithuania | 1,061 | 1,112 | 116 | 51.0 | -63.6% |
| Others | 15.8 | 17.4 | 26.5 | 17.1 | 2.7% |
| Total | 2,104 | 2,172 | 1,326 | 2,654 | 8.0% |
Top Export Markets for Preserved Frozen Potato from Estonia in 2022:
- Latvia (1022.9 tons)
- Poland (440.3 tons)
- Russia (227.6 tons)
- Finland (59.5 tons)
- Lithuania (55.0 tons)
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