Estonia: Meat Dishes Market 2024

Meat Dishes Market Size in Estonia

The Estonian meat dishes market shrank remarkably to $X in 2022, with a decrease of -45.4% against the previous year. In general, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Meat Dishes Production in Estonia

In value terms, meat dishes production contracted significantly to $X in 2022 estimated in export price. In general, production, however, saw a strong increase. The growth pace was the most rapid in 2021 when the production volume increased by 765% against the previous year. As a result, production reached the peak level of $X, and then fell notably in the following year.

Meat Dishes Exports

Exports from Estonia

In 2022, the amount of meat dishes exported from Estonia surged to X tons, with an increase of 25% against the year before. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, meat dishes exports soared to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +97.6% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X tons) was the main destination for meat dishes exports from Estonia, accounting for a 63% share of total exports. Moreover, meat dishes exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-0.9% per year) and Finland (+7.3% per year).

In value terms, Latvia ($X) remains the key foreign market for meat dishes exports from Estonia, comprising 58% of total exports. The second position in the ranking was held by Finland ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+7.7% per year) and Lithuania (+3.3% per year).

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, waning by -2.9% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat dishes export price increased by +50.4% against 2015 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 12%. The export price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Lithuania ($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 (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Estonia

In 2022, approx. X tons of meat dishes were imported into Estonia; increasing by 38% compared with the previous year's figure. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, meat dishes imports skyrocketed to $X in 2022. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Latvia (X tons), Lithuania (X tons) and Poland (X tons) were the main suppliers of meat dishes imports to Estonia, together comprising 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat dishes suppliers to Estonia were Lithuania ($X), Latvia ($X) and Poland ($X), together comprising 67% of total imports.

Among the main suppliers, Latvia, with a CAGR of +17.5%, 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 meat dishes import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 when the average import price increased by 15%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform