Estonia - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Potato Price in Estonia - 2023
Contents:
- Frozen Potato Price in Estonia (CIF) - 2023
- Frozen Potato Price in Estonia (FOB) - 2023
- Frozen Potato Imports in Estonia
- Frozen Potato Exports in Estonia
Frozen Potato Price in Estonia (CIF) - 2023
In September 2023, the average frozen potato import price amounted to $1,629 per ton, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in December 2022 an increase of 15% against the previous month. Over the period under review, average import prices reached the maximum at $1,696 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Poland ($1,712 per ton) and Latvia ($1,711 per ton), while the price for Lithuania ($1,411 per ton) and Germany ($1,524 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Potato Price in Estonia (FOB) - 2023
In September 2023, the average frozen potato export price amounted to $1,705 per ton, remaining relatively unchanged against the previous month. Over the period under review, the export price continues to indicate a slight descent. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 32% against the previous month. The export price peaked at $2,172 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Latvia.
From September 2022 to September 2023, the rate of growth in terms of prices for Russia amounted to +17.1% per month.
Frozen Potato Imports in Estonia
In 2022, the amount of frozen potatoes imported into Estonia skyrocketed to 11K tons, increasing by 22% on the previous year's figure. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen potato imports surged to $13M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Frozen Potato in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 3.9 | 4.9 | 4.6 | 5.3 | 10.8% |
Latvia | 0.1 | 1.3 | 1.7 | 2.1 | 175.9% |
Netherlands | 3.3 | 1.1 | 1.2 | 1.6 | -21.4% |
Belgium | 0.6 | 0.9 | 1.1 | 1.5 | 35.7% |
Czech Republic | N/A | N/A | N/A | 0.8 | 0% |
Lithuania | N/A | 0.3 | 0.4 | 0.5 | 29.1% |
Finland | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
Germany | 0.7 | 0.3 | 0.3 | 0.2 | -34.1% |
Others | 0.3 | 0.1 | 0.2 | 0.3 | 0.0% |
Total | 9.1 | 9.1 | 9.8 | 12.6 | 11.5% |
Top Suppliers of Frozen Potato to Estonia in 2022:
- Poland (4.6K tons)
- Latvia (1.8K tons)
- Netherlands (1.3K tons)
- Belgium (1.3K tons)
- Lithuania (0.8K tons)
- Czech Republic (0.6K tons)
- Finland (0.3K tons)
- Germany (0.2K tons)
Frozen Potato Exports in Estonia
In 2022, overseas shipments of frozen potatoes increased by 70% to 1.8K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a perceptible downturn.
In value terms, frozen potato exports surged to $2.7M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Frozen Potato in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 911 | 996 | 1,098 | 1,196 | 9.5% |
Poland | N/A | N/A | N/A | 991 | 0% |
Russia | 112 | 44.5 | 57.4 | 321 | 42.0% |
Finland | 5.0 | 2.0 | 29.0 | 77.8 | 149.7% |
Lithuania | 1,061 | 1,112 | 116 | 51.0 | -63.6% |
Others | 19.9 | 24.2 | 34.1 | 48.8 | 34.9% |
Total | 2,109 | 2,179 | 1,335 | 2,686 | 8.4% |
Top Export Markets for Frozen Potato from Estonia in 2022:
- Latvia (1022.9 tons)
- Poland (440.3 tons)
- Russia (227.6 tons)
- Finland (59.6 tons)
- Lithuania (55.0 tons)
This report provides an in-depth analysis of the frozen potato 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 10311110 - Frozen potatoes, uncooked or cooked by steaming or boiling in water
- Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)
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
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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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