Estonia: Frozen Potato Market 2024

Frozen Potato Market Size in Estonia

The Estonian frozen potato market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Frozen Potato Production in Estonia

In value terms, frozen potato production fell markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Frozen potato production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Frozen Potato Exports

Exports from Estonia

In 2022, overseas shipments of frozen potatoes increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, total exports indicated a notable 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 decreased by X% against 2018 indices. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen potato exports surged to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X tons) was the main destination for frozen potato exports from Estonia, with a X% share of total exports. Moreover, frozen potato exports to Latvia exceeded the volume sent to the second major destination, Poland (X tons), twofold. Russia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Russia (X% per year).

In value terms, Latvia ($X), Poland ($X) and Russia ($X) were the largest markets for frozen potato exported from Estonia worldwide, together accounting for X% of total exports. Finland and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Finland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated a resilient increase 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, frozen potato export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Lithuania ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Estonia

In 2022, overseas purchases of frozen potatoes increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a prominent 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports soared to $X in 2022. Overall, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of frozen potato to Estonia, with a X% share of total imports. Moreover, frozen potato imports from Poland exceeded the figures recorded by the second-largest supplier, Latvia (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Belgium (X% per year).

In value terms, Poland ($X) constituted the largest supplier of frozen potatoes to Estonia, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average frozen potato import price amounted to $X per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Finland ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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