Estonia - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jun 1, 2024

Estonia - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights

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Sugar Crop Price in Estonia - 2023

Contents:

  1. Sugar Crop Price in Estonia (CIF) - 2022
  2. Sugar Crop Price in Estonia (FOB) - 2022
  3. Sugar Crop Imports in Estonia
  4. Sugar Crop Exports in Estonia

Sugar Crop Price in Estonia (CIF) - 2022

The average sugar crop import price stood at $255 per ton in 2022, rising by 5.5% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar crop import price increased by +44.0% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 82% against the previous year. Over the period under review, average import prices attained the maximum at $303 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($287 per ton), while the price for Lithuania amounted to $227 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+1.4%), while the prices for the other major suppliers experienced a decline.

Sugar Crop Price in Estonia (FOB) - 2022

The average sugar crop export price stood at $941 per ton in 2022, almost unchanged from the previous year. In general, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($1,000 per ton), while the average price for exports to Lithuania ($933 per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+49.1%).

Sugar Crop Imports in Estonia

In 2022, the amount of sugar crops imported into Estonia dropped significantly to 80 tons, shrinking by -85.6% against 2021 figures. Overall, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year.

In value terms, sugar crop imports declined sharply to $20K in 2022. In general, imports showed a sharp setback. The growth pace was the most rapid in 2021 with an increase of 148% against the previous year.

Import of Sugar Crop in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania66.452.832.817.3-36.1%
DenmarkN/A0.50.21.041.4%
Russia34.2N/AN/AN/A0%
Latvia123N/A101N/A-9.4%
OthersN/A0.60.22.082.6%
Total22453.913420.3-55.1%

Top Suppliers of Sugar Crop to Estonia in 2022:

  1. Lithuania (76.0 tons)
  2. Denmark (3.6 tons)

Sugar Crop Exports in Estonia

In 2022, the amount of sugar crops exported from Estonia totaled 17 kg, remaining stable against 2021. Overall, exports recorded a dramatic setback. The smallest decline of 99.9% was in 2021.

In value terms, sugar crop exports stood at $16 in 2022. In general, exports continue to indicate a abrupt contraction. The smallest decline of 99.9% was in 2021.

Export of Sugar Crop in Estonia (USD)
COUNTRY202020212022CAGR,
2020-2022
LithuaniaN/AN/A14.00%
IcelandN/AN/A1.00%
Netherlands18.0N/A1.0-76.4%
OthersN/AN/AN/A0%
Total18.0N/A16.0-5.7%

Top Export Markets for Sugar Crop from Estonia in 2022:

  1. Lithuania (15.0 kg)
  2. Iceland (1.0 kg)
  3. Netherlands (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sugar crop market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 161 - Sugar crops nes
  • FCL 156 - Sugar cane
  • FCL 459 - Chicory roots
  • FCL 157 - Sugar beet
  • FCL 461 - Carobs
  • FCL 460 - Vegetable products, fresh or dry nes

Country coverage:

  • Estonia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Estonia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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