Estonia: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Estonia

In 2022, after five years of growth, there was decline in the Estonian sweet biscuit market, when its value decreased by X% to $X. Overall, consumption showed a slight slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sweet Biscuit Production in Estonia

In value terms, sweet biscuit production expanded rapidly to $X in 2022 estimated in export price. Overall, production saw a perceptible decline. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Sweet Biscuit Exports

Exports from Estonia

Sweet biscuit exports from Estonia skyrocketed to X tons in 2022, with an increase of X% on the previous year. In general, total exports indicated a buoyant increase 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, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sweet biscuit exports contracted to $X in 2022. Over the period under review, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank slightly in the following year.

Exports by Country

Latvia (X tons), Finland (X tons) and Sweden (X tons) were the main destinations of sweet biscuit exports from Estonia, with a combined X% share of total exports. Lithuania, Azerbaijan, Kazakhstan, Spain and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for sweet biscuit exported from Estonia were Finland ($X), Latvia ($X) and Sweden ($X), with a combined X% share of total exports. Lithuania, Kazakhstan, Azerbaijan, Spain and Russia lagged somewhat behind, together accounting for a further X%.

Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average sweet biscuit export price stood at $X per ton in 2022, waning by X% against the previous year. In general, export price indicated notable 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, sweet biscuit export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of 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 contracted dramatically in the following year.

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

Sweet Biscuit Imports

Imports into Estonia

In 2022, overseas purchases of sweet biscuits decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sweet biscuit imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Latvia (X tons) constituted the largest sweet biscuit supplier to Estonia, accounting for a X% share of total imports. Moreover, sweet biscuit imports from Latvia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with a X% share.

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

In value terms, the largest sweet biscuit suppliers to Estonia were Latvia ($X), Lithuania ($X) and Finland ($X), with a combined X% share of total imports.

In terms of the main suppliers, Finland, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average sweet biscuit import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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