Not filled chocolate bars market in Estonia

Earlier Report Observations

The market for not filled chocolate bars in Estonia saw fluctuating volumes between 2018 and 2022, with a notable peak of 3,221 tons in 2021. Market value mirrored this pattern, recovering to 31.5 million US dollars that year after previous declines.

In 2023, both volume and value expanded, reaching 3,180 tons and 31.6 million US dollars. This growth aligned with a 9.38% increase in the number of chocolate and confectionery production enterprises, signaling new players entering the market and contributing to its expansion.

By 2024, a sharp rise in global cocoa prices led to a contraction in retail volume to 2,594 tons, while the market's value surged to 37.7 million US dollars. Consumer preferences concurrently shifted towards sustainably produced and traceable chocolate, shaping product offerings and marketing.

Production not filled chocolate bars in Estonia

In value, 2018-2021, K $ US

Estonia's production of not filled chocolate bars in monetary terms rebounded after a two-year decline. In 2021, output reached 28 227 K $ US, marking a 29.3% increase from the previous year. Over the period from 2018 to 2021, production grew by 3%, translating to an annualized rate of 1.0%. The lowest value was recorded in 2020 at 21 830 K $ US, with the largest decline occurring in 2019 at 13.2%.

Annual dynamics of production in Estonia in value, 2018-2021, K $ US

In kind, 2018-2021, t

Following a two-year reduction, Estonia's production volume of not filled chocolate bars saw an upturn. In 2021, the country produced 3 090 t, which represents a 20.5% rise compared to 2020. From 2018 to 2021, production increased by 10.3%, equating to an annualized growth rate of 3.3%. The minimum volume was recorded in 2020 at 2 565 t, with the largest decline also occurring in that year at 6.3%.

Annual dynamics of production in Estonia in kind, 2018-2021, t

Exports not filled chocolate bars from Estonia

Exports in kind, t

In 2021, Estonia's exports of not filled chocolate bars in volume terms totaled 1 213 t, showing a 1.8% increase from the previous year. Over the 2018-2021 period, exports grew by 8.7%, with a compound annual growth rate (CAGR) of 2.8%. The peak volume was recorded in 2019 at 1 239 t, while the largest decline occurred in 2020 at 3.8%. The most significant increase was also in 2019, at 10.9%.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, t

From 2018 to 2021, Latvia consistently served as the primary destination for Estonia's not filled chocolate bars exports in volume terms, accounting for 82.0% of total exports. Other markets played a much smaller role during this period.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Estonia in kind, 2018-2021

Exports in value, K $ US

Estonia's exports of not filled chocolate bars in value terms amounted to 6 234 K $ US in 2021, reflecting a 10.5% increase over the past year. Between 2018 and 2021, exports rose by 9%, with a CAGR of 2.9%. The lowest value was recorded in 2020 at 5 642 K $ US, and the largest decline occurred in that same year at 6.1%.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

Throughout 2018-2021, Latvia remained the leading destination for Estonia's not filled chocolate bars exports in value terms, capturing 70.4% of total flows. The remaining share was distributed among various smaller markets.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Estonia in value, 2018-2021

Imports not filled chocolate bars to Estonia

Imports in kind, t

After a two-year decline, Estonia's imports of not filled chocolate bars in volume terms increased. In 2021, import volume reached 1 344 t, indicating a 15.5% rise from 2020. Over the 2018-2021 period, imports decreased by 9.9%, with a CAGR of 3.4%. The minimum volume was recorded in 2020 at 1 164 t, and the largest decline occurred in that year at 18.8%.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, t

From 2018 to 2021, Estonia's imports of not filled chocolate bars in volume terms were not heavily concentrated on a few key markets. Finland accounted for 27.7% of imports, Sweden for 10.6%, and Switzerland for 10.3%, together representing 48.6% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Estonia in kind, 2018-2021

Imports in value, K $ US

Following a two-year decline, Estonia's imports of not filled chocolate bars in value terms saw an increase. In 2021, imports amounted to 9 550 K $ US, which is 19.2% higher than the previous year. Between 2018 and 2021, imports decreased by 17.8%, equating to an annualized rate of 6.3%. The lowest value was recorded in 2020 at 8 011 K $ US, with the largest decline occurring in that year at 23.7%.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

Over the 2018-2021 period, Finland, Switzerland, and Sweden emerged as the main markets for Estonia's not filled chocolate bars imports in value terms. Finland accounted for 24.5% of imports, Switzerland for 17.6%, and Sweden for 9.2%, collectively representing 51.2% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Estonia in value, 2018-2021