Estonia - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSauce and Seasoning Price in Estonia - 2023
Contents:
- Sauce and Seasoning Price in Estonia (FOB) - 2023
- Sauce and Seasoning Price in Estonia (CIF) - 2023
- Sauce and Seasoning Exports in Estonia
- Sauce and Seasoning Imports in Estonia
Sauce and Seasoning Price in Estonia (FOB) - 2023
In September 2023, the average sauce and seasoning export price amounted to $4,805 per ton, dropping by -10.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 15% m-o-m. Over the period under review, the average export prices attained the maximum at $5,353 per ton in August 2023, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Lithuania ($10,082 per ton), while the average price for exports to Finland ($3,827 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Sauce and Seasoning Price in Estonia (CIF) - 2023
In September 2023, the average sauce and seasoning import price amounted to $3,780 per ton, increasing by 2.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in November 2022 an increase of 13% month-to-month. Over the period under review, average import prices reached the peak figure in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($5,267 per ton), while the price for Sweden ($2,549 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sauce and Seasoning Exports in Estonia
In 2022, shipments abroad of sauces and seasonings decreased by -3.8% to 17K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2020 with an increase of 1.9%. As a result, the exports attained the peak of 19K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sauce and seasoning exports totaled $57M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sauce and Seasoning in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 18.6 | 18.4 | 20.4 | 20.3 | 3.0% |
| Latvia | 6.6 | 7.4 | 8.7 | 9.1 | 11.3% |
| Sweden | 10.0 | 9.3 | 8.5 | 7.8 | -7.9% |
| Lithuania | 6.3 | 7.0 | 6.1 | 6.5 | 1.0% |
| Belgium | 5.4 | 6.1 | 5.5 | 5.8 | 2.4% |
| Russia | 6.7 | 4.4 | 2.1 | 3.1 | -22.7% |
| Poland | 1.4 | 1.8 | 1.9 | 1.2 | -5.0% |
| Others | 2.0 | 1.9 | 2.0 | 3.8 | 23.9% |
| Total | 57.0 | 56.3 | 55.1 | 57.5 | 0.3% |
Top Export Markets for Sauce and Seasoning from Estonia in 2022:
- Finland (7.0K tons)
- Sweden (2.8K tons)
- Latvia (2.0K tons)
- Belgium (1.7K tons)
- Poland (0.8K tons)
- Lithuania (0.8K tons)
- Russia (0.6K tons)
Sauce and Seasoning Imports in Estonia
In 2022, the amount of sauces and seasonings imported into Estonia rose notably to 13K tons, increasing by 8.2% against the year before. In general, imports, however, saw a relatively flat trend pattern.
In value terms, sauce and seasoning imports expanded markedly to $37M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sauce and Seasoning in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 2.8 | 5.6 | 6.2 | 7.2 | 37.0% |
| Lithuania | 0.5 | 1.9 | 3.0 | 4.8 | 112.5% |
| Sweden | 2.7 | 6.3 | 6.1 | 4.8 | 21.1% |
| Finland | 7.0 | 7.2 | 5.6 | 4.3 | -15.0% |
| Germany | 3.2 | 2.2 | 1.6 | 4.3 | 10.4% |
| Netherlands | 1.0 | 1.2 | 1.6 | 4.1 | 60.1% |
| Poland | 3.5 | 3.1 | 3.2 | 2.0 | -17.0% |
| Austria | 1.2 | 1.4 | 1.6 | 1.5 | 7.7% |
| Italy | 1.2 | 1.0 | 1.0 | 0.9 | -9.1% |
| Thailand | 1.3 | 0.4 | 0.5 | 0.6 | -22.7% |
| Spain | 1.2 | 1.7 | 0.1 | 0.2 | -45.0% |
| Ukraine | 0.6 | 0.4 | 0.7 | 0.1 | -45.0% |
| United States | 3.7 | N/A | N/A | N/A | 0% |
| Others | 5.4 | 2.6 | 2.4 | 2.1 | -27.0% |
| Total | 35.3 | 34.9 | 33.5 | 37.0 | 1.6% |
Top Suppliers of Sauce and Seasoning to Estonia in 2022:
- Latvia (2864.6 tons)
- Sweden (2608.1 tons)
- Lithuania (1356.9 tons)
- Finland (1354.6 tons)
- Germany (1080.0 tons)
- Netherlands (964.3 tons)
- Poland (846.8 tons)
- Italy (369.1 tons)
- Austria (269.3 tons)
- Thailand (216.8 tons)
- Ukraine (90.9 tons)
- Spain (47.2 tons)
- United States (13.3 tons)
This report provides an in-depth analysis of the sauce and seasoning 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:
- Prodcom 10841210 - Soya sauce
- Prodcom 10841230 - Tomato ketchup and other tomato sauces
- Prodcom 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
- Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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