Estonia: Extracts Of Tea Market 2024

Extracts Of Tea Market Size in Estonia

The Estonian extracts of tea market stood at $X in 2022, growing by X% against the previous year. In general, consumption, however, saw a noticeable downturn. Extracts of tea consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Extracts Of Tea Production in Estonia

In value terms, extracts of tea production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible setback. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Extracts Of Tea Exports

Exports from Estonia

In 2022, overseas shipments of extracts, essences and concentrates of tea or mate increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, extracts of tea exports rose remarkably to $X in 2022. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for extracts of tea exports from Estonia, accounting for a X% share of total exports. Moreover, extracts of tea exports to Finland exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. Lithuania (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Finland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Lithuania (X% per year).

In value terms, Sweden ($X), Lithuania ($X) and Finland ($X) were the largest markets for extracts of tea exported from Estonia worldwide, together comprising X% of total exports.

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

Export Prices by Country

The average extracts of tea export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined sharply in the following year.

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

Extracts Of Tea Imports

Imports into Estonia

In 2022, supplies from abroad of extracts, essences and concentrates of tea or mate increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports recorded a notable expansion. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, extracts of tea imports stood at $X in 2022. Over the period under review, imports posted buoyant growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest extracts of tea supplier to Estonia, with a X% share of total imports. Moreover, extracts of tea imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Latvia (X tons), with a X% share.

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

In value terms, the largest extracts of tea suppliers to Estonia were Latvia ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of 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 extracts of tea import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank rapidly in the following year.

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

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

Source: IndexBox Platform