Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia (CIF) - 2023
In October 2023, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $8,222 per ton, growing by 21% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in April 2023 an increase of 25% month-to-month. The import price peaked at $8,860 per ton in February 2023; however, from March 2023 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the countries with the highest prices were the Netherlands ($9,167 per ton) and Lithuania ($8,948 per ton), while the price for Vietnam ($7,400 per ton) and Finland ($8,214 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 Vietnam (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia (FOB) - 2022
In 2022, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $6,404 per ton, falling by -58% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 134%. Over the period under review, the average export prices attained the peak figure at $15,247 per ton in 2021, and then reduced sharply in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($16,787 per ton), while the average price for exports to Russia ($6,188 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 (+52.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia
In 2022, purchases abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -22.9% to 499 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. As a result, imports reached the peak of 647 tons, and then fell dramatically in the following year.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds dropped remarkably to $3.5M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of $4.3M, and then contracted significantly in the following year.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2,083 | 1,331 | 2,703 | 2,246 | 2.5% |
| Lithuania | 136 | 848 | 910 | 682 | 71.2% |
| Latvia | 10.3 | 79.0 | 120 | 256 | 191.8% |
| Netherlands | 52.3 | 464 | 253 | 198 | 55.9% |
| Brazil | 624 | 345 | 241 | 58.6 | -54.5% |
| Others | 355 | 23.3 | 52.2 | 35.9 | -53.4% |
| Total | 3,261 | 3,090 | 4,280 | 3,477 | 2.2% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Estonia in 2022:
- Vietnam (338.6 tons)
- Lithuania (85.3 tons)
- Latvia (30.3 tons)
- Netherlands (25.1 tons)
- Brazil (15.9 tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia
In 2022, approx. 11 tons of nuts, edible; cashew nuts, shelled, fresh or drieds were exported from Estonia; rising by 5,901% on the year before. In general, exports, however, continue to indicate a abrupt contraction.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds skyrocketed to $68K in 2022. Overall, exports, however, continue to indicate a deep setback.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 88.7 | N/A | N/A | 64.7 | -10.0% |
| Finland | 1.3 | 1.4 | 1.6 | 3.4 | 37.8% |
| Others | 0.7 | 0.8 | 1.1 | 0.3 | -24.6% |
| Total | 90.7 | 2.2 | 2.7 | 68.4 | -9.0% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Estonia in 2022:
- Russia (10.5 tons)
- Finland (0.2 tons)
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