Estonia: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Estonia

After three years of decline, the Estonian frozen pork cut market increased by 19% to $X in 2022. In general, consumption, however, recorded a pronounced downturn. Frozen pork cut consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Frozen Pork Cut Production in Estonia

In value terms, frozen pork cut production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 1,804%. Frozen pork cut production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Frozen Pork Cut Exports

Exports from Estonia

In 2022, frozen pork cut exports from Estonia rose sharply to X tons, with an increase of 5.1% on the previous year's figure. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 291%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, frozen pork cut exports shrank to $X in 2022. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 470% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for frozen pork cut exports from Estonia, accounting for a 68% share of total exports. Moreover, frozen pork cut exports to Finland exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was taken by Lithuania (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Finland totaled +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+9.6% per year) and Lithuania (+2.2% per year).

In value terms, Finland ($X) remains the key foreign market for frozen hams, shoulders and cuts of pig meat exports from Estonia, comprising 83% of total exports. The second position in the ranking was held by Lithuania ($X), with a 6.2% share of total exports. It was followed by Latvia, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Finland totaled +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-2.2% per year) and Latvia (-7.9% per year).

Export Prices by Country

The average frozen pork cut export price stood at $X per ton in 2022, falling by -9.7% against the previous year. Overall, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Poland ($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 Romania (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Pork Cut Imports

Imports into Estonia

In 2022, approx. X tons of frozen hams, shoulders and cuts of pig meat were imported into Estonia; declining by -42.1% against 2021 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 175%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, frozen pork cut imports shrank markedly to $X in 2022. Overall, imports showed a mild decline. The growth pace was the most rapid in 2016 with an increase of 176%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of frozen pork cut to Estonia, accounting for a 56% share of total imports. Moreover, frozen pork cut imports from Denmark 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 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+21.9% per year) and Spain (+124.1% per year).

In value terms, Denmark ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to Estonia, comprising 58% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 19% share of total imports. It was followed by Spain, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+21.0% per year) and Spain (+79.0% per year).

Import Prices by Country

The average frozen pork cut import price stood at $X per ton in 2022, picking up by 5.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 16%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Latvia ($X per ton) and Denmark ($X per ton), while the price for Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform