Estonia: Meat Market 2024

Meat Market Size in Estonia

The Estonian meat market shrank slightly to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Meat consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Meat Production in Estonia

In value terms, meat production declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Meat production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of meat in Estonia contracted slightly to X kg per head in 2022, approximately mirroring 2021. Overall, the yield continues to indicate a slight slump. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. Over the period under review, the average meat yield reached the peak level at X kg per head in 2013; however, from 2014 to 2022, the yield remained at a lower figure.

In 2022, the number of animals slaughtered for meat production in Estonia totaled X heads, remaining stable against 2021. Over the period under review, the number of producing animals showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, this number attained the peak level at X heads in 2019; however, from 2020 to 2022, producing animals stood at a somewhat lower figure.

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Meat Exports

Exports from Estonia

In 2022, after two years of decline, there was significant growth in shipments abroad of meat, when their volume increased by X% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, meat exports surged to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Latvia (X tons), Lithuania (X tons) and Finland (X tons) were the main destinations of meat exports from Estonia, together accounting for X% of total exports. The Netherlands, Germany, Romania and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat exported from Estonia were Latvia ($X), Finland ($X) and Lithuania ($X), together accounting for X% of total exports. The Netherlands, Germany, Sweden and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average meat export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into Estonia

In 2022, the amount of meat imported into Estonia declined modestly to X tons, standing approx. at the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, meat imports expanded sharply to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Finland (X tons) and Denmark (X tons) were the main suppliers of meat imports to Estonia, with a combined X% share of total imports. Poland, Latvia, Lithuania, the Netherlands, Belgium and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Poland ($X) and Finland ($X) were the largest meat suppliers to Estonia, together accounting for X% of total imports. Denmark, Germany, Lithuania, the Netherlands, Belgium and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained 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 the Netherlands ($X per ton), while the price for Germany ($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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