Estonia: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Estonia

The Estonian frozen vegetable market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a buoyant increase 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Vegetable Production in Estonia

In value terms, frozen vegetable production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced setback. The growth pace was the most rapid in 2015 with an increase of X%. Frozen vegetable production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Frozen Vegetable Exports

Exports from Estonia

In 2022, frozen vegetable exports from Estonia skyrocketed to X tons, picking up by X% compared with 2021 figures. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen vegetable exports surged to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Norway (X tons) was the main destination for frozen vegetable exports from Estonia, with a X% share of total exports. Moreover, frozen vegetable exports to Norway exceeded the volume sent to the second major destination, Latvia (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average frozen vegetable export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Norway ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Vegetable Imports

Imports into Estonia

Frozen vegetable imports into Estonia surged to X tons in 2022, rising by X% on the previous year. In general, total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen vegetable imports soared to $X in 2022. Overall, total imports indicated a remarkable increase 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 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, Poland (X tons) constituted the largest supplier of frozen vegetable to Estonia, accounting for a X% share of total imports. Moreover, frozen vegetable imports from Poland exceeded the figures recorded by the second-largest supplier, Latvia (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average frozen vegetable import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Finland ($X per ton), while the price for Lithuania ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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