Estonia: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Estonia

In 2022, the Estonian market for salted, dried or smoked meat, and offal decreased by -9.6% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the market value increased by 7.8%. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Estonia

In value terms, production of salted, dried or smoked meat, and offal reduced to $X in 2022 estimated in export price. Over the period under review, production showed a slight curtailment. The growth pace was the most rapid in 2020 when the production volume increased by 9.4% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Estonia

In 2022, approx. X tons of salted, dried or smoked meat, and offal were exported from Estonia; which is down by -4.3% on the year before. Over the period under review, exports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2013 with an increase of 620% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of salted, dried or smoked meat, and offal fell rapidly to $X in 2022. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2013 with an increase of 2,728% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Latvia (X tons) and Finland (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Estonia, with a combined 82% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +434.3%), while the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Sweden ($X) and Finland ($X) were the largest markets for salted, dried or smoked meat, and offal exported from Estonia worldwide, with a combined 77% share of total exports.

The Czech Republic, with a CAGR of +309.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, falling by -17.1% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The pace of growth was the most pronounced in 2013 an increase of 293% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Latvia ($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 (+9.8%), while the prices for the other major destinations experienced a decline.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Estonia

In 2022, purchases abroad of salted, dried or smoked meat, and offal increased by 41% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 143% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of salted, dried or smoked meat, and offal skyrocketed to $X in 2022. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by 55%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest salted, dried or smoked meat, and offal supplier to Estonia, with a 39% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Poland exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Lithuania (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+21.7% per year) and Lithuania (+27.2% per year).

In value terms, the largest salted, dried or smoked meat, and offal suppliers to Estonia were Poland ($X), Spain ($X) and Italy ($X), with a combined 63% share of total imports. Finland, Germany, Lithuania, the Netherlands and Latvia lagged somewhat behind, together comprising a further 36%.

Among the main suppliers, the Netherlands, with a CAGR of +32.6%, 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 salted, dried or smoked meat, and offal stood at $X per ton in 2022, with a decrease of -10.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform