Estonia: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Estonia

In 2022, the Estonian lamb and sheep meat market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. 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 in certain years. Lamb and sheep meat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Lamb and Sheep Meat in Estonia

In value terms, lamb and sheep meat production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest increase 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 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Lamb and sheep meat production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The average yield of lamb and sheep meat in Estonia was estimated at X kg per head in 2022, flattening at the previous year. Overall, 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, lamb and sheep meat yield decreased by X% against 2020 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 reached the peak level of X kg per head. From 2017 to 2022, the growth of the average lamb and sheep meat yield failed to regain momentum.

The number of animals slaughtered for lamb and sheep meat production in Estonia expanded slightly to X heads in 2022, growing by X% on 2021 figures. Overall, the number of producing animals, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Exports of Lamb and Sheep Meat

Exports from Estonia

In 2022, lamb and sheep meat exports from Estonia shrank notably to X tons, waning by X% on the previous year's figure. In general, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, lamb and sheep meat exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume 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).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Finland totaled 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 lamb and sheep meat export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated prominent growth 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, lamb and sheep meat export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were 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 Lamb and Sheep Meat

Imports into Estonia

In 2022, supplies from abroad of lamb and sheep meat increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, lamb and sheep meat imports surged to $X in 2022. In general, imports enjoyed a strong 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 lamb and sheep meat imports to Estonia, together accounting for 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, the largest lamb and sheep meat suppliers to Estonia were New Zealand ($X), the Netherlands ($X) and Spain ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, 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

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