Estonia: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Estonia

In 2022, the Estonian shelled hazelnut market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Shelled Hazelnut Production in Estonia

In value terms, shelled hazelnut production soared to $X in 2022 estimated in export price. In general, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Shelled hazelnut production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Shelled Hazelnut Exports

Exports from Estonia

In 2022, shipments abroad of shelled hazelnuts decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, shelled hazelnut exports dropped rapidly to $X in 2022. In general, exports, however, showed strong growth. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Latvia (X kg) was the main destination for shelled hazelnut exports from Estonia, accounting for a X% share of total exports. Moreover, shelled hazelnut exports to Latvia exceeded the volume sent to the second major destination, Norway (X kg), fourfold. Finland (X kg) ranked third in terms of total exports with an X% share.

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

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

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

Export Prices by Country

In 2022, the average shelled hazelnut export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a perceptible expansion 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, shelled hazelnut export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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 Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Shelled Hazelnut Imports

Imports into Estonia

In 2022, supplies from abroad of shelled hazelnuts increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, shelled hazelnut imports reached $X in 2022. In general, imports, however, saw a perceptible setback. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Georgia (X tons), Lithuania (X tons) and Slovakia (X tons) were the main suppliers of shelled hazelnut imports to Estonia, with a combined X% share of total imports. The Netherlands, Latvia and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shelled hazelnut suppliers to Estonia were Georgia ($X), Lithuania ($X) and the Netherlands ($X), together comprising X% of total imports.

Among the main suppliers, the Netherlands, 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 shelled hazelnut import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price saw a mild curtailment. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked 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 Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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