Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia - 2023
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia (CIF) - 2023
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia (CIF) - 2023
In October 2023, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $11,560 per ton, growing by 7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 39% against the previous month. As a result, import price reached the peak level of $14,309 per ton. From July 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Latvia ($15,860 per ton), while the price for the Netherlands ($10,843 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Latvia (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia (FOB) - 2022
In 2022, the average export price for meat of sheep or goats; fresh, chilled or frozen amounted to $12,973 per ton, increasing by 35% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for meat of sheep or goats; fresh, chilled or frozen increased by +62.1% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 66% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($15,573 per ton) and Lithuania ($13,978 per ton), while the average price for exports to Latvia ($11,701 per ton) and Finland ($12,503 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 Denmark (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia
In 2022, approx. 360 tons of meat of sheep or goats; fresh, chilled or frozen were imported into Estonia; rising by 32% against the year before. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.6% 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 +86.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen surged to $4.4M in 2022. Over the period under review, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,508 | 669 | 752 | 1,675 | 3.6% |
| Netherlands | 289 | 511 | 1,179 | 1,365 | 67.8% |
| Spain | 572 | 273 | 250 | 544 | -1.7% |
| Finland | 48.3 | 1.0 | 5.3 | 347 | 93.0% |
| Belgium | 14.5 | 198 | 297 | 227 | 150.2% |
| Denmark | 21.5 | 22.5 | 13.6 | 131 | 82.6% |
| Others | 129 | 164 | 220 | 112 | -4.6% |
| Total | 2,583 | 1,839 | 2,717 | 4,402 | 19.4% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Estonia in 2022:
- New Zealand (143.1 tons)
- Netherlands (93.9 tons)
- Spain (62.4 tons)
- Finland (21.6 tons)
- Belgium (17.7 tons)
- Denmark (12.9 tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia
Exports of meat of sheep or goats; fresh, chilled or frozen from Estonia fell markedly to 109 tons in 2022, waning by -18.2% on 2021 figures. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 354% against the previous year. As a result, the exports reached the peak of 133 tons, and then shrank rapidly in the following year.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen totaled $1.4M in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 338%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 91.7 | 54.0 | 958 | 815 | 107.1% |
| Latvia | 256 | 186 | 155 | 253 | -0.4% |
| Belgium | N/A | N/A | N/A | 247 | 0% |
| Lithuania | 110 | 28.9 | 80.9 | 33.5 | -32.7% |
| Sweden | 140 | N/A | 5.7 | N/A | -79.8% |
| Others | 15.9 | 22.1 | 77.0 | 59.6 | 55.3% |
| Total | 613 | 291 | 1,277 | 1,409 | 32.0% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Estonia in 2022:
- Finland (65.2 tons)
- Latvia (21.6 tons)
- Belgium (15.9 tons)
- Lithuania (2.4 tons)
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