Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Estonia - 2023

Contents:

1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Estonia (CIF) - 2022
2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Estonia (FOB) - 2022
3. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Estonia
4. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Estonia

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Estonia (CIF) - 2022

In 2022, the average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $2,081 per ton, reducing by -5.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 60%. Over the period under review, average import prices reached the peak figure at $2,264 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Lithuania ($6,748 per ton), while the price for Latvia ($1,758 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+39.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Estonia (FOB) - 2022

The average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $4,500 per ton in 2022, flattening at the previous year. Over the period under review, the export price showed strong growth. The most prominent rate of growth was recorded in 2021 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($15,000 per ton), while the average price for exports to Latvia amounted to $4,043 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+100.8%).

Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Estonia

In 2022, purchases abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia decreased by -22.5% to 1.9 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.9% 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 +36.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. As a result, imports attained the peak of 2.4 tons, and then fell dramatically in the following year.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia declined rapidly to $3.9K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +29.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports attained the peak of $5.4K, and then fell dramatically in the following year.

Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Estonia in 2022:

1. Latvia (1758.0 kg)
2. Lithuania (111.0 kg)

Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Estonia

In 2022, the amount of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia exported from Estonia totaled 24 kg, standing approx. at 2021. In general, exports faced a significant curtailment. The smallest decline of 99.9% was in 2021.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $108 in 2022. Overall, exports faced a sharp decline. The smallest decline of 99.9% was in 2021.

Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Estonia in 2022:

1. Latvia (23.0 kg)
2. Netherlands (1.0 kg)

Source: IndexBox Market Intelligence Platform