Estonia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Estonia

The Estonian sheep and goat meat market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Estonia

In value terms, sheep and goat meat production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Sheep and goat meat production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The average yield of sheep and goat meat in Estonia totaled X kg per head in 2022, approximately mirroring the previous year. Over the period under review, the yield indicated slight growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep and goat meat yield increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2017 to 2022, the growth of the average sheep and goat meat yield remained at a lower figure.

In 2022, number of animals slaughtered for sheep and goat meat production in Estonia stood at X heads, with an increase of X% compared with 2021. In general, the number of producing animals, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Estonia

In 2022, sheep and goat meat exports from Estonia declined significantly to X tons, with a decrease of X% on the previous year. Over the period under review, exports showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports expanded rapidly to $X in 2022. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Finland (X tons) was the main destination for sheep and goat meat exports from Estonia, with a X% share of total exports. Moreover, sheep and goat meat exports to Finland exceeded the volume sent to the second major destination, Latvia (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Belgium (X% per year).

In value terms, Finland ($X) remains the key foreign market for sheep and goat meat exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with an X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Belgium (X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep and goat meat export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per ton) and Lithuania ($X per ton), while the average price for exports to Latvia ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Estonia

In 2022, overseas purchases of sheep and goat meat increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, sheep and goat meat imports surged to $X in 2022. Over the period under review, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of sheep and goat meat imports to Estonia, together comprising X% of total imports. Finland, Belgium and Denmark lagged somewhat behind, together comprising a further X%.

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

In value terms, New Zealand ($X), the Netherlands ($X) and Spain ($X) appeared to be the largest sheep and goat meat suppliers to Estonia, together comprising X% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded 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 sheep and goat meat import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 Finland ($X per ton), while the price for Spain ($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