Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Estonia - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Estonia (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Estonia (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Estonia
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Estonia

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Estonia (CIF) - 2023

In November 2023, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $1,795 per ton, growing by 9.2% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in June 2023 when the average import price increased by 13% against the previous month. The import price peaked at $2,021 per ton in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Finland ($2,546 per ton), while the price for Ukraine ($1,034 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Greece (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Estonia (FOB) - 2022

The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,604 per ton in 2022, shrinking by -6.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 38%. Over the period under review, the average export prices reached the peak figure at $2,451 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($3,355 per ton), while the average price for exports to Russia ($1,292 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 Kazakhstan (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Estonia

In 2022, after two years of decline, there was significant growth in purchases abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, when their volume increased by 15% to 2.6K tons. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid reached $3.4M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Estonia in 2022:

1. Italy (903.9 tons)
2. Spain (291.7 tons)
3. Portugal (220.0 tons)
4. Poland (203.2 tons)
5. Lithuania (201.1 tons)
6. Greece (168.6 tons)
7. Ukraine (164.0 tons)
8. Turkey (93.7 tons)
9. Germany (81.2 tons)
10. China (20.6 tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Estonia

In 2022, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from Estonia dropped to 157 tons, waning by -6% compared with 2021 figures. Over the period under review, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of 166 tons, and then reduced in the following year.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid contracted to $251K in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 27%.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Estonia in 2022:

1. Russia (126.3 tons)
2. Latvia (17.7 tons)
3. Finland (8.4 tons)
4. Lithuania (2.5 tons)

Source: IndexBox Market Intelligence Platform