Estonia - Caramel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaramel Price in Estonia - 2023
Contents:
- Caramel Price in Estonia (CIF) - 2023
- Caramel Price in Estonia (FOB) - 2022
- Caramel Imports in Estonia
- Caramel Exports in Estonia
Caramel Price in Estonia (CIF) - 2023
The average caramel import price stood at $1,247 per ton in September 2023, rising by 29% against the previous month. In general, import price indicated prominent growth from September 2022 to September 2023: its price increased at an average monthly rate of +6.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, caramel import price increased by +34.2% against June 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Denmark ($15,695 per ton), while the price for Finland ($875 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 Denmark (+33.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Caramel Price in Estonia (FOB) - 2022
The average caramel export price stood at $3,036 per ton in 2022, growing by 40% against the previous year. In general, the export price showed a strong increase. The growth pace was the most rapid in 2014 an increase of 61%. Over the period under review, the average export prices attained the maximum at $6,246 per ton in 2017; however, from 2018 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 Norway ($13,800 per ton), while the average price for exports to Germany ($337 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 Norway (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
Caramel Imports in Estonia
For the fourth consecutive year, Estonia recorded growth in overseas purchases of caramel, which increased by 7.1% to 5.7K tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, caramel imports rose rapidly to $3.9M in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Caramel in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 642 | 606 | 1,384 | 1,475 | 32.0% |
| Denmark | 508 | 815 | 390 | 451 | -3.9% |
| Sweden | 129 | 166 | 198 | 451 | 51.8% |
| Lithuania | 65.2 | 234 | 563 | 448 | 90.1% |
| Slovakia | 61.6 | 40.3 | 227 | 263 | 62.2% |
| Germany | 158 | 139 | 175 | 192 | 6.7% |
| Others | 395 | 566 | 695 | 578 | 13.5% |
| Total | 1,959 | 2,568 | 3,633 | 3,859 | 25.4% |
Top Suppliers of Caramel to Estonia in 2022:
- Finland (2987.6 tons)
- Lithuania (755.2 tons)
- Denmark (727.6 tons)
- Sweden (619.0 tons)
- Slovakia (251.6 tons)
- Germany (114.8 tons)
Caramel Exports in Estonia
In 2022, the amount of caramel exported from Estonia surged to 121 tons, increasing by 1,172% against the previous year's figure. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, caramel exports soared to $368K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Caramel in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 8.5 | 26.1 | 1.1 | 288 | 223.6% |
| Latvia | 14.2 | 8.2 | 7.9 | 42.0 | 43.5% |
| Russia | 14.9 | 16.2 | 3.5 | 16.4 | 3.2% |
| Sweden | 4.7 | 1.6 | 5.3 | 14.5 | 45.6% |
| Finland | 4.2 | 1.0 | 1.7 | 5.2 | 7.4% |
| Germany | N/A | 8.1 | N/A | N/A | 0% |
| Others | 4.1 | 4.8 | 1.2 | 2.6 | -14.1% |
| Total | 50.6 | 66.0 | 20.7 | 368 | 93.7% |
Top Export Markets for Caramel from Estonia in 2022:
- Lithuania (80.8 tons)
- Latvia (26.2 tons)
- Russia (8.2 tons)
- Sweden (4.5 tons)
- Finland (1.6 tons)
- Germany (0.1 tons)
This report provides an in-depth analysis of the caramel 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 10891910 - Caramel
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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