Estonia: Bacon And Ham Market 2024

Bacon And Ham Market Size in Estonia

The Estonian bacon and ham market rose remarkably to $X in 2022, increasing by 11% against the previous year. In general, consumption recorded a slight expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bacon And Ham Production in Estonia

In value terms, bacon and ham production expanded notably to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12% against the previous year. Bacon and ham production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Bacon And Ham Exports

Exports from Estonia

In 2022, bacon and ham exports from Estonia skyrocketed to X tons, jumping by 53% on the previous year's figure. In general, exports posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 640% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bacon and ham exports soared to $X in 2022. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 4,654%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons), the Czech Republic (X tons) and Latvia (X tons) were the main destinations of bacon and ham exports from Estonia, with a combined 86% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +1,409.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Sweden ($X) and Latvia ($X) appeared to be the largest markets for bacon and ham exported from Estonia worldwide, with a combined 83% share of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +604.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, waning by -19.1% against the previous year. In general, the export price, however, showed buoyant growth. The growth pace was the most rapid in 2013 an increase of 542%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lithuania ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Latvia ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Bacon And Ham Imports

Imports into Estonia

In 2022, bacon and ham imports into Estonia skyrocketed to X tons, rising by 59% on 2021. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 191%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bacon and ham imports skyrocketed to $X in 2022. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest bacon and ham supplier to Estonia, accounting for a 43% share of total imports. Moreover, bacon and ham imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+26.6% per year) and Spain (+14.2% per year).

In value terms, the largest bacon and ham suppliers to Estonia were Poland ($X), Spain ($X) and Italy ($X), together accounting for 70% of total imports. Germany, Lithuania, Finland, Latvia and the Netherlands lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, the Netherlands, with a CAGR of +25.7%, 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 bacon and ham import price stood at $X per ton in 2022, shrinking by -19.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 62% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform