Fresh Whole Chicken Price in Estonia - 2023
Contents:
- Fresh Whole Chicken Price in Estonia (FOB) - 2023
- Fresh Whole Chicken Price in Estonia (CIF) - 2023
- Fresh Whole Chicken Exports in Estonia
- Fresh Whole Chicken Imports in Estonia
Fresh Whole Chicken Price in Estonia (FOB) - 2023
The average fresh whole chicken export price stood at $2,327 per ton in September 2023, approximately reflecting the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in November 2022 an increase of 18% m-o-m. The export price peaked at $2,676 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Latvia.
From September 2022 to September 2023, the rate of growth in terms of prices for Sweden amounted to +1.9% per month.
Fresh Whole Chicken Price in Estonia (CIF) - 2023
The average fresh whole chicken import price stood at $2,648 per ton in September 2023, remaining relatively unchanged against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 10% m-o-m. As a result, import price reached the peak level of $2,805 per ton. From January 2023 to September 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Latvia ($2,910 per ton), while the price for Denmark ($2,502 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 Latvia (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Fresh Whole Chicken Exports in Estonia
In 2022, overseas shipments of fresh or chilled whole chickens decreased by -50.8% to 532 tons, falling for the second consecutive year after two years of growth. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 78%. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, fresh whole chicken exports shrank markedly to $1.1M in 2022. Over the period under review, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 93% against the previous year. As a result, the exports reached the peak of $2.9M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Fresh Whole Chicken in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 1,307 | 2,380 | 1,610 | 1,069 | -6.5% |
| Sweden | 10.2 | 8.5 | 7.6 | 22.8 | 30.8% |
| Lithuania | 169 | 489 | 347 | N/A | 43.3% |
| Others | 2.7 | 1.1 | 0.4 | 0.3 | -51.9% |
| Total | 1,489 | 2,878 | 1,965 | 1,092 | -9.8% |
Top Export Markets for Fresh Whole Chicken from Estonia in 2022:
- Latvia (521.5 tons)
- Sweden (10.0 tons)
Fresh Whole Chicken Imports in Estonia
In 2022, the amount of fresh or chilled whole chickens imported into Estonia soared to 214 tons, jumping by 171% on the year before. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fresh whole chicken imports soared to $502K in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh Whole Chicken in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 34.6 | 67.2 | 80.6 | 289 | 102.9% |
| Lithuania | 115 | 40.7 | 94.6 | 205 | 21.3% |
| Poland | 16.8 | 2.9 | 2.5 | 7.7 | -22.9% |
| France | 33.6 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.8 | 6.0 | N/A | 233.3% |
| Total | 200 | 113 | 184 | 502 | 35.9% |
Top Suppliers of Fresh Whole Chicken to Estonia in 2022:
- Latvia (124.7 tons)
- Lithuania (86.3 tons)
- Poland (2.6 tons)
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