Estonia: Sugar Market 2024

Sugar Market Size in Estonia

The Estonian sugar market soared to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption, however, enjoyed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sugar Production in Estonia

In value terms, sugar production dropped to $X in 2023 estimated in export price. Overall, production, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

In 2023, the average yield of sugar in Estonia was estimated at less than X kg per ha, stabilizing at 2022 figures. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of sugar production in Estonia was estimated at less than X ha, leveling off at 2022. Overall, the harvested area saw a relatively flat trend pattern.

Sugar Exports

Exports from Estonia

In 2023, the amount of sugar exported from Estonia shrank notably to X tons, falling by X% on 2022. Over the period under review, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, sugar exports declined notably to $X in 2023. In general, exports faced a significant decline. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X tons), Latvia (X tons) and Sweden (X tons) were the main destinations of sugar exports from Estonia, together comprising X% of total exports. Malta, Lithuania and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malta (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

The average sugar export price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Imports

Imports into Estonia

After six years of growth, supplies from abroad of sugar decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, sugar imports skyrocketed to $X in 2023. In general, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

Poland (X tons), Denmark (X tons) and Finland (X tons) were the main suppliers of sugar imports to Estonia, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar suppliers to Estonia were Poland ($X), Denmark ($X) and Finland ($X), together comprising X% of total imports.

In terms of the main suppliers, Denmark, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugar import price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price showed temperate growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Latvia ($X per ton) and Lithuania ($X per ton), while the price for Denmark ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform