Estonia: Grain Market 2024

Grain Market Size in Estonia

In 2022, the Estonian grain market increased by X% to $X, rising for the sixth consecutive year after three years of decline. In general, consumption, however, saw a mild contraction. Grain consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Grain Production in Estonia

In value terms, grain production rose modestly to $X in 2022 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of cereal grains in Estonia rose significantly to X tons per ha in 2022, growing by X% against the previous year. In general, the yield indicated mild growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain yield decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average grain yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the grain harvested area in Estonia stood at X ha, approximately reflecting the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the harvested area increased by X% against the previous year. The grain harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

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Grain Exports

Exports from Estonia

In 2022, approx. X tons of cereal grains were exported from Estonia; picking up by X% on the year before. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports soared to $X in 2022. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Saudi Arabia (X tons), Nigeria (X tons) and Finland (X tons) were the main destinations of grain exports from Estonia, with a combined X% share of total exports. Cameroon, Spain, Turkey, Algeria, Madagascar, Angola, Belgium, the Netherlands, Israel and Morocco lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Nigeria ($X) and Finland ($X) appeared to be the largest markets for grain exported from Estonia worldwide, together comprising X% of total exports. Cameroon, Spain, Turkey, Algeria, Israel, Madagascar, Belgium, Angola, Morocco and the Netherlands lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain export price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to the Netherlands ($X 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 Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Estonia

In 2022, purchases abroad of cereal grains was finally on the rise to reach X tons after four years of decline. Over the period under review, imports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, grain imports soared to $X in 2022. In general, imports recorded a notable expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Latvia (X tons) constituted the largest grain supplier to Estonia, with a X% share of total imports. Moreover, grain imports from Latvia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Poland (X% per year).

In value terms, Latvia ($X) constituted the largest supplier of cereal grains to Estonia, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Latvia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Poland (X% per year).

Import Prices by Country

The average grain import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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