Estonia - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBacon and Ham Price in Estonia - 2023
Contents:
- Bacon and Ham Price in Estonia (CIF) - 2023
- Bacon and Ham Price in Estonia (FOB) - 2022
- Bacon and Ham Imports in Estonia
- Bacon and Ham Exports in Estonia
Bacon and Ham Price in Estonia (CIF) - 2023
In September 2023, the average bacon and ham import price amounted to $7,212 per ton, approximately reflecting the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 17% against the previous month. As a result, import price reached the peak level of $7,354 per ton. From May 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($20,378 per ton), while the price for Poland ($4,285 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bacon and Ham Price in Estonia (FOB) - 2022
The average bacon and ham export price stood at $6,067 per ton in 2022, shrinking by -19.1% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2013 when the average export price increased by 542%. As a result, the export price reached the peak level of $18,326 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lithuania ($7,287 per ton) and the Czech Republic ($7,231 per ton), while the average price for exports to Latvia ($4,975 per ton) and Sweden ($5,043 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 Lithuania (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.
Bacon and Ham Imports in Estonia
In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat imported into Estonia surged to 702 tons, with an increase of 59% on the previous year. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, bacon and ham imports skyrocketed to $3.9M in 2022. The total import value increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Bacon and Ham in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 886 | 840 | 777 | 1,116 | 8.0% |
| Spain | 904 | 1,141 | 1,160 | 865 | -1.5% |
| Italy | 477 | 464 | 670 | 780 | 17.8% |
| Germany | 88.4 | 112 | 185 | 513 | 79.7% |
| Lithuania | 6.4 | 90.6 | 8.4 | 290 | 256.5% |
| Finland | 129 | 173 | 154 | 226 | 20.6% |
| Latvia | 53.1 | 58.8 | 89.7 | 67.8 | 8.5% |
| Netherlands | 59.6 | 327 | 2.0 | 60.3 | 0.4% |
| Others | 70.2 | 19.5 | 28.0 | 29.9 | -24.8% |
| Total | 2,674 | 3,226 | 3,075 | 3,949 | 13.9% |
Top Suppliers of Bacon and Ham to Estonia in 2022:
- Poland (298.5 tons)
- Lithuania (98.5 tons)
- Spain (77.1 tons)
- Finland (72.0 tons)
- Germany (62.8 tons)
- Italy (51.1 tons)
- Netherlands (20.8 tons)
- Latvia (14.1 tons)
Bacon and Ham Exports in Estonia
In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat exported from Estonia soared to 82 tons, growing by 53% on the previous year's figure. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bacon and ham exports skyrocketed to $498K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 93%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Bacon and Ham in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 0.6 | 243 | 223 | 199 | 592.2% |
| Sweden | 2.3 | N/A | N/A | 142 | 295.2% |
| Latvia | 64.6 | 40.8 | 28.4 | 73.2 | 4.3% |
| Finland | 73.7 | 106 | 110 | 68.6 | -2.4% |
| Lithuania | 12.7 | 10.6 | 2.2 | 6.5 | -20.0% |
| Norway | 7.6 | 7.1 | 9.4 | 5.9 | -8.1% |
| Bulgaria | N/A | 82.6 | N/A | N/A | 0% |
| United Kingdom | 95.1 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 6.0 | 28.8 | 3.3 | 87.6% |
| Total | 257 | 497 | 402 | 498 | 24.7% |
Top Export Markets for Bacon and Ham from Estonia in 2022:
- Sweden (28.1 tons)
- Czech Republic (27.5 tons)
- Latvia (14.7 tons)
- Finland (9.9 tons)
- Norway (1.0 tons)
- Lithuania (0.9 tons)
This report provides an in-depth analysis of the bacon and ham market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
Country coverage:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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