Price for Fish Meal; Fit for Human Consumption in Estonia - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Estonia (CIF) - 2022
- Imports of Fish Meal; Fit for Human Consumption in Estonia
Price for Fish Meal; Fit for Human Consumption in Estonia (CIF) - 2022
In 2022, the average import price for fish meal; fit for human consumptia amounted to $19,746 per ton, dropping by -3.4% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish meal; fit for human consumptia increased by +6.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $23,898 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to -2.2% per year.
Imports of Fish Meal; Fit for Human Consumption in Estonia
In 2022, overseas purchases of fish meal; fit for human consumptia decreased by -17.5% to 354 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 53%. As a result, imports reached the peak of 429 kg, and then fell remarkably in the following year.
In value terms, imports of fish meal; fit for human consumptia contracted significantly to $7K in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of $8.8K, and then shrank significantly in the following year.
| Import of Fish Meal; Fit for Human Consumption in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 5.2 | 5.2 | 8.3 | 7.0 | 10.4% |
| Others | N/A | N/A | 0.5 | N/A | 0% |
| Total | 5.2 | 5.2 | 8.8 | 7.0 | 10.4% |
Top Suppliers of Fish Meal; Fit for Human Consumption to Estonia in 2022:
- Norway (354.0 kg)
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