Price for Protein; Concentrates and Textured Protein Substances in Estonia - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Estonia (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Estonia (FOB) - 2024
- Imports of Protein; Concentrates and Textured Protein Substances in Estonia
- Exports of Protein; Concentrates and Textured Protein Substances in Estonia
Price for Protein; Concentrates and Textured Protein Substances in Estonia (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $2,798 per ton, with an increase of 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 153% against the previous year. As a result, import price attained the peak level of $2,972 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
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 the United States ($66,667 per ton), while the price for Serbia ($1,745 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+40.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Estonia (FOB) - 2024
In March 2024, the average export price for protein; concentrates and textured protein substanceses amounted to $5,504 per ton, increasing by 7.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 23% month-to-month. As a result, the export price attained the peak level of $6,696 per ton. From December 2023 to March 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was Latvia ($18,487 per ton), while the average price for exports to Sweden ($1,829 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Estonia
In 2022, supplies from abroad of protein; concentrates and textured protein substanceses decreased by -3.8% to 627 tons, falling for the second year in a row after two years of growth. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of 747 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of protein; concentrates and textured protein substanceses expanded remarkably to $1.8M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.9%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Protein; Concentrates and Textured Protein Substances in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 118 | 299 | 413 | 467 | 58.2% |
| Serbia | 275 | 318 | 273 | 406 | 13.9% |
| Latvia | 144 | 187 | 229 | 277 | 24.4% |
| Netherlands | 1.7 | 32.2 | 157 | 131 | 325.5% |
| France | 29.6 | 34.0 | 84.1 | 99.8 | 49.9% |
| Poland | 3.5 | 1.6 | 46.4 | 73.0 | 175.3% |
| Denmark | 202 | 114 | 87.5 | 68.8 | -30.2% |
| Slovakia | 18.4 | 173 | 48.0 | N/A | 61.5% |
| Others | 616 | 351 | 306 | 231 | -27.9% |
| Total | 1,408 | 1,509 | 1,644 | 1,754 | 7.6% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Estonia in 2022:
- Serbia (232.7 tons)
- China (156.1 tons)
- Latvia (134.4 tons)
- Netherlands (30.2 tons)
- France (17.2 tons)
- Denmark (14.4 tons)
- Poland (12.2 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Estonia
In 2022, exports of protein; concentrates and textured protein substanceses from Estonia surged to 363 tons, with an increase of 19% against 2021 figures. The total export volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses soared to $1.7M in 2022. The total export value increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 24%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,170 | 1,467 | 1,343 | 1,489 | 8.4% |
| Germany | N/A | 4.5 | 0.3 | 103 | 378.4% |
| Lithuania | 0.6 | 0.9 | 18.9 | 32.8 | 279.5% |
| Latvia | 30.3 | 27.4 | 32.3 | 27.6 | -3.1% |
| Others | 29.9 | 27.1 | 69.2 | 96.0 | 47.5% |
| Total | 1,231 | 1,527 | 1,464 | 1,748 | 12.4% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Estonia in 2022:
- Finland (333.3 tons)
- Germany (10.6 tons)
- Lithuania (5.6 tons)
- Latvia (2.8 tons)
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