The film was recorded at Stockholm's outdoor history museum Skansen and was released on Friday. It shows Crown Princess Victoria, Prince Daniel and Estelle hard at work in the traditional Nordic bakehouse's kitchen, preparing goodies for the festive season.
"Dad, I think this is very cosy," comments the little princess, who is turning four in February, with a rolling pin in her hand.
As the video draws to an end she wishes everyone watching a Merry Christmas and a Happy New Year ('god jul och gott nytt år', in Swedish) while her proud parents look on.
Estelle's royal Christmas greetings have already become something of a tradition in Sweden, with similar films published in previous years.
They are all reminiscent of another royal family holiday video recorded nearly 30 years ago at Drottningholm Palace, featuring a young Victoria, as well as her siblings Prince Carl Philip and Princess Madeleine stuffing sausages with their parents.
The clip came to be known colloquially as the "more meat" ("mera kött") video, as the young princesses forcefully instructed their father – King Carl XVI Gustaf – and brother to add more mince to the sausage machine.
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Princess Estelle, Crown Princess Victoria and Prince Daniel. Photo: Kungahuset
Click here to see more pictures of Estelle's adventures.