Estonia: Bread And Bakery Market 2024

Bread And Bakery Market Size in Estonia

In 2023, after two years of growth, there was decline in the Estonian bread and bakery market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped modestly in the following year.

Bread And Bakery Production in Estonia

In value terms, bread and bakery production declined to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X%. As a result, production attained the peak level of $X, and then declined in the following year.

Bread And Bakery Exports

Exports from Estonia

Bread and bakery exports from Estonia declined to X tons in 2023, which is down by X% compared with the previous year's figure. Overall, total exports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, bread and bakery exports surged to $X in 2023. In general, total exports indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for bread and bakery exports from Estonia, with a X% share of total exports. Moreover, bread and bakery exports to Finland exceeded the volume sent to the second major destination, Latvia (X tons), twofold. The third position in this ranking was held by Sweden (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Sweden (X% per year).

In value terms, Finland ($X) remains the key foreign market for bread and bakery exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2023, the average bread and bakery export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, bread and bakery export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Estonia

In 2023, approx. X tons of bread and bakery were imported into Estonia; falling by X% on 2022 figures. Overall, total imports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, bread and bakery imports soared to $X in 2023. Over the period under review, total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Latvia (X tons), Lithuania (X tons) and Finland (X tons) were the main suppliers of bread and bakery imports to Estonia, together comprising X% of total imports. Germany, Poland, Sweden, Belgium, Ukraine, the UK, Russia and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Ukraine (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Lithuania ($X) and Finland ($X) were the largest bread and bakery suppliers to Estonia, with a combined X% share of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. 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 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform