Report Update Apr 1, 2024

Estonia - Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights

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Estonia: Dairy Spread Market 2024

Dairy Spread Market Size in Estonia

For the third year in a row, the Estonian dairy spread market recorded decline in sales value, which decreased by -64.1% to $X in 2022. In general, consumption continues to indicate a deep slump. Dairy spread consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Dairy Spread Production in Estonia

In value terms, dairy spread production fell notably to $X in 2022 estimated in export price. In general, production showed a dramatic decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1,913%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Dairy Spread Exports

Exports from Estonia

In 2022, after two years of decline, there was significant growth in shipments abroad of dairy spreads, when their volume increased by 57% to X kg. Overall, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 1,013%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, dairy spread exports surged to $X in 2022. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 1,265% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X kg) and Finland (X kg) were the main destinations of dairy spread exports from Estonia.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +40.3%).

In value terms, the largest markets for dairy spread exported from Estonia were Latvia ($X) and Finland ($X).

In terms of the main countries of destination, Latvia, with a CAGR of +43.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average dairy spread export price stood at $X per ton in 2022, growing by 55% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained 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 Latvia ($X per ton), while the average price for exports to Finland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Dairy Spread Imports

Imports into Estonia

After two years of growth, purchases abroad of dairy spreads decreased by -71.3% to X tons in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 2,419%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell remarkably in the following year.

In value terms, dairy spread imports shrank sharply to $X in 2022. Over the period under review, imports, however, posted a modest increase. The pace of growth appeared the most rapid in 2014 with an increase of 1,293% against the previous year. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest dairy spread supplier to Estonia, accounting for a 81% share of total imports. Moreover, dairy spread imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Lithuania (X kg) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+184.2% per year) and Lithuania (-54.7% per year).

In value terms, the largest dairy spread suppliers to Estonia were Poland ($X), Germany ($X) and Lithuania ($X), with a combined 99% share of total imports.

Among the main suppliers, Germany, with a CAGR of +149.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average dairy spread import price stood at $X per ton in 2022, rising by 32% against the previous year. In general, the import price posted a mild increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 169%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dairy spreads in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, with a combined 31% share of global consumption. Indonesia, Russia, Pakistan, Japan, Nigeria, the UK, Brazil, Bangladesh and Ethiopia lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of dairy spreads in the world?

The countries with the highest volumes of production in 2022 were China, the United States and India, together accounting for 31% of global production. Indonesia, Pakistan, Japan, Nigeria, Russia, the UK, Brazil, Bangladesh, Ethiopia and Saudi Arabia lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of dairy spreads to Estonia?

In value terms, Poland, Germany and Lithuania $539) were the largest dairy spread suppliers to Estonia, with a combined 99% share of total imports.

What are the leading importers of dairy spreads from Estonia?

In value terms, the largest markets for dairy spread exported from Estonia were Latvia and Finland $862).

What is the average export price for dairy spreads in Estonia?

The average dairy spread export price stood at $5,420 per ton in 2022, jumping by 55% against the previous year.

What is the average import price for dairy spreads in Estonia?

The average dairy spread import price stood at $2,273 per ton in 2022, picking up by 32% against the previous year.

This report provides an in-depth analysis of the dairy spread market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10513070 - Dairy spreads of a fat content by weight < .80 %

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023