Estonia: Meat Market 2024

Meat Market Size in Estonia

The Estonian meat market declined modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Meat Production in Estonia

In value terms, meat production contracted modestly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. Meat production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average meat yield in Estonia dropped modestly to X kg per head, flattening at the previous year's figure. Over the period under review, the yield continues to indicate a slight decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the average meat yield hit record highs at X kg per head in 2013; however, from 2014 to 2022, the yield remained at a lower figure.

In 2022, the number of animals slaughtered for meat production in Estonia amounted to X heads, standing approx. at the previous year. In general, the number of producing animals saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, this number hit record highs at X heads in 2019; however, from 2020 to 2022, producing animals failed to regain momentum.

Meat Exports

Exports from Estonia

After two years of decline, overseas shipments of meat increased by X% to X tons in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, meat exports skyrocketed to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Latvia (X tons), Lithuania (X tons) and Finland (X tons) were the main destinations of meat exports from Estonia, together accounting for X% of total exports. The Netherlands, Germany, Romania and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Finland ($X) and Lithuania ($X) constituted the largest markets for meat exported from Estonia worldwide, together accounting for X% of total exports. The Netherlands, Germany, Sweden and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, 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

The average meat export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Meat Imports

Imports into Estonia

Meat imports into Estonia declined to X tons in 2022, remaining stable against 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, meat imports expanded notably to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Finland (X tons) and Denmark (X tons) were the main suppliers of meat imports to Estonia, together comprising X% of total imports. Poland, Latvia, Lithuania, the Netherlands, Belgium and Spain lagged somewhat behind, together accounting for a further X%.

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

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

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained 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 the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform