Estonia: Market for Fish Fillets and Other Fish Meat 2025

Market Size for Fish Fillets and Other Fish Meat in Estonia

The Estonian market for fish fillets and other fish meat skyrocketed to $X in 2022, jumping by 2,208% against the previous year. In general, consumption showed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Fish Fillets and Other Fish Meat in Estonia

In value terms, production of fish fillets and other fish meat soared to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decrease. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from Estonia

Exports of fish fillets and other fish meat from Estonia surged to X tons in 2022, with an increase of 51% on the previous year. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fish fillets and other fish meat skyrocketed to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) was the main destination for exports of fish fillets and other fish meat from Estonia, with a 38% share of total exports. Moreover, exports of fish fillets and other fish meat to Belarus exceeded the volume sent to the second major destination, Latvia (X tons), fivefold. The third position in this ranking was taken by Switzerland (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus amounted to +58.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-4.2% per year) and Switzerland (-2.2% per year).

In value terms, Belarus ($X), Switzerland ($X) and the Netherlands ($X) appeared to be the largest markets for fish fillets and other fish meat exported from Estonia worldwide, together accounting for 40% of total exports. Denmark, Spain, the United States, Finland, Poland, Latvia, Germany, Lithuania, Hungary and Ukraine lagged somewhat behind, together accounting for a further 48%.

Poland, with a CAGR of +61.8%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, with a decrease of -18.5% against the previous year. In general, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2017 an increase of 23% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Ukraine ($X 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 Lithuania (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Estonia

In 2022, supplies from abroad of fish fillets and other fish meat decreased by -4.8% to X tons, falling for the third consecutive year after two years of growth. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 69% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat expanded rapidly to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.2% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 73% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Lithuania (X tons), Russia (X tons) and Vietnam (X tons) were the main suppliers of imports of fish fillets and other fish meat to Estonia, with a combined 42% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +14.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fish fillets and other fish meat suppliers to Estonia were Vietnam ($X), Russia ($X) and Norway ($X), with a combined 58% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +37.2%, recorded the highest rates of growth with regard to 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 import price for fish fillets and other fish meat stood at $X per ton in 2022, with an increase of 19% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets and other fish meat increased by +64.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform