Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Estonia - 2023

Contents:

1. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Estonia (CIF) - 2022
2. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Estonia (FOB) - 2022
3. Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Estonia
4. Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Estonia

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Estonia (CIF) - 2022

The average import price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants stood at $0.6 per unit in 2022, increasing by 69% against the previous year. Overall, the import price enjoyed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($1 per unit), while the price for the Netherlands ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Estonia (FOB) - 2022

In 2022, the average export price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants amounted to $0.6 per unit, declining by -79.5% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 1,000%. As a result, the export price attained the peak level of $2.7 per unit, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($4.5 per unit), while the average price for exports to Norway stood at $0.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+35.8%).

Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Estonia

For the third consecutive year, Estonia recorded decline in supplies from abroad of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants, which decreased by -52.4% to 2M units in 2022. In general, imports saw a sharp contraction. The smallest decline of -8.4% was in 2020. Over the period under review, imports of hit record highs at 5.3M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants declined sharply to $1.3M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 33%. Imports peaked at $1.6M in 2021, and then dropped significantly in the following year.

Top Suppliers of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant to Estonia in 2022:

1. Netherlands (1302.6K units)
2. Lithuania (374.4K units)
3. Belgium (167.5K units)
4. Latvia (137.2K units)
5. Finland (0.1K units)

Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Estonia

For the fourth year in a row, Estonia recorded growth in overseas shipments of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants, which increased by 242% to 10K units in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 8,356%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants declined significantly to $5.9K in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 92,900%. As a result, the exports attained the peak of $8.4K, and then contracted remarkably in the following year.

Top Export Markets for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant from Estonia in 2022:

1. Norway (9.6K units)
2. Latvia (0.8K units)

Source: IndexBox Market Intelligence Platform