Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia - 2023

Contents:

  1. Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia (CIF) - 2023
  2. Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia (FOB) - 2022
  3. Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia
  4. Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia

Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia (CIF) - 2023

The average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $1,626 per ton in October 2023, therefore, remained relatively stable against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 16% m-o-m. The import price peaked at $1,754 per ton in July 2023; however, from August 2023 to October 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,257 per ton), while the price for Poland ($1,395 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia (FOB) - 2022

The average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $798 per ton in 2022, picking up by 4.2% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 51% against the previous year. The export price peaked at $1,921 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($4,288 per ton), while the average price for exports to Norway ($747 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 Russia (+18.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia

Imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen into Estonia amounted to 5.7K tons in 2022, increasing by 2.9% against the previous year's figure. In general, imports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 7.9% against the previous year.

In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen expanded significantly to $7.4M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland4.13.23.43.4-6.0%
Belgium1.31.01.11.30.0%
LatviaN/A0.60.81.029.1%
Lithuania0.40.70.70.931.0%
Finland0.50.40.50.50.0%
Others0.60.30.50.3-20.6%
Total6.86.26.97.42.9%

Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Estonia in 2022:

  1. Poland (2893.6 tons)
  2. Belgium (1089.6 tons)
  3. Lithuania (678.9 tons)
  4. Latvia (638.6 tons)
  5. Finland (248.1 tons)

Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia

In 2022, the amount of vegetables (uncooked or cooked by steaming or boiling in water); frozen exported from Estonia stood at 4K tons, with an increase of 2.9% against the year before. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 352% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen totaled $3.2M in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 187%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway11.07462,4862,842536.9%
Latvia14958.718.593.2-14.5%
United KingdomN/AN/A172N/A0%
Others428225278233-18.3%
Total5881,0292,9553,16875.3%

Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Estonia in 2022:

  1. Norway (3.8K tons)
  2. Latvia (0.1K tons)

Source: IndexBox Market Intelligence Platform

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