Price for Food Preparations Not Elsewhere Specified or Included in Estonia - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Estonia (CIF) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Estonia (FOB) - 2023
- Imports of Food Preparations Not Elsewhere Specified or Included in Estonia
- Exports of Food Preparations Not Elsewhere Specified or Included in Estonia
Price for Food Preparations Not Elsewhere Specified or Included in Estonia (CIF) - 2023
In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $6,472 per ton, with a decrease of -8.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 20% m-o-m. Over the period under review, average import prices attained the maximum at $7,065 per ton in October 2023, and then declined in the following month.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Lithuania ($12,581 per ton), while the price for Sweden ($3,174 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Estonia (FOB) - 2023
In November 2023, the average export price for food preparations not elsewhere specified or included amounted to $7,984 per ton, waning by -6.2% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in January 2023 an increase of 15% against the previous month. The export price peaked at $8,837 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Lithuania ($17,603 per ton), while the average price for exports to Kazakhstan ($5,738 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Estonia
In 2022, the amount of food preparations not elsewhere specified or included imported into Estonia skyrocketed to 19K tons, increasing by 48% compared with 2021. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, 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.
In value terms, imports of food preparations not elsewhere specified or included surged to $105M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +60.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Food Preparations Not Elsewhere Specified or Included in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.2 | 1.7 | 1.9 | 24.1 | 171.8% |
| Germany | 10.5 | 7.4 | 8.1 | 18.7 | 21.2% |
| Lithuania | 2.1 | 9.6 | 10.4 | 10.4 | 70.5% |
| Latvia | 2.9 | 8.4 | 9.6 | 10.2 | 52.1% |
| Denmark | 10.6 | 13.0 | 12.0 | 8.1 | -8.6% |
| Finland | 5.9 | 6.9 | 7.6 | 7.1 | 6.4% |
| Poland | 4.7 | 3.6 | 4.1 | 3.0 | -13.9% |
| United Kingdom | 3.7 | 3.2 | 2.7 | 2.4 | -13.4% |
| Sweden | 2.5 | 1.9 | 2.1 | 2.3 | -2.7% |
| Austria | 1.3 | 0.6 | 1.0 | 1.9 | 13.5% |
| Italy | 2.6 | 1.2 | 1.6 | 1.5 | -16.8% |
| Others | 17.3 | 11.4 | 13.4 | 15.0 | -4.6% |
| Total | 65.4 | 68.9 | 74.6 | 105 | 17.1% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Estonia in 2022:
- Germany (4.6K tons)
- Netherlands (3.3K tons)
- Latvia (1.9K tons)
- Denmark (1.6K tons)
- Lithuania (1.5K tons)
- Finland (1.1K tons)
- Sweden (0.7K tons)
- Italy (0.6K tons)
- United Kingdom (0.5K tons)
- Poland (0.4K tons)
- Austria (0.4K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Estonia
Exports of food preparations not elsewhere specified or included from Estonia soared to 8.1K tons in 2022, rising by 77% against the year before. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included surged to $54M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Food Preparations Not Elsewhere Specified or Included in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.0 | 1.9 | 2.4 | 23.7 | 128.0% |
| Finland | 4.0 | 2.8 | 3.8 | 4.7 | 5.5% |
| Lithuania | 4.2 | 4.4 | 4.6 | 4.6 | 3.1% |
| Latvia | 3.8 | 4.1 | 4.7 | 4.5 | 5.8% |
| United Kingdom | 1.9 | 2.3 | 2.8 | 4.2 | 30.3% |
| Germany | 0.9 | 1.5 | 2.5 | 2.7 | 44.2% |
| Denmark | 1.1 | 1.2 | 1.1 | 1.9 | 20.0% |
| Others | 5.1 | 5.3 | 7.0 | 8.2 | 17.2% |
| Total | 23.0 | 23.5 | 28.9 | 54.5 | 33.3% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Estonia in 2022:
- Russia (3.7K tons)
- Finland (0.9K tons)
- Latvia (0.8K tons)
- United Kingdom (0.6K tons)
- Lithuania (0.5K tons)
- Denmark (0.3K tons)
- Germany (0.3K tons)
107
This report provides an in-depth analysis of the market for prepared dishes and meal in Estonia.
106
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Estonia.
125
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in Estonia.
1383
This report provides an in-depth analysis of the global market for prepared dishes and meal.
872
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
560
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
107
This report provides an in-depth analysis of the market for prepared dishes and meal in Estonia.
106
This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup in Estonia.
1383
This report provides an in-depth analysis of the global market for prepared dishes and meal.
872
This report provides an in-depth analysis of the global market for protein concentrate and flavoured or coloured sugar syrup.
241
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
264
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
241
Discover the top import markets for prepared dishes and meals worldwide. Explore key statistics and understand the magnitude of the industry. Find out which countries lead the market in import value and why. Read more on IndexBox market intelligence platform.
