Estonia: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Estonia

In 2022, after three years of growth, there was significant decline in the Estonian market for salted, dried or smoked meat, and offal, when its value decreased by X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Estonia

In value terms, production of salted, dried or smoked meat, and offal reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Estonia

Exports of salted, dried or smoked meat, and offal from Estonia soared to X tons in 2022, with an increase of X% compared with the previous year. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of salted, dried or smoked meat, and offal contracted dramatically to $X in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Sweden (X tons), the Czech Republic (X tons) and Latvia (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Estonia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Sweden ($X) and Finland ($X) constituted the largest markets for salted, dried or smoked meat, and offal exported from Estonia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Czech Republic ($X per ton) and Finland ($X per ton), while the average price for exports to Sweden ($X per ton) and Latvia ($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 Lithuania (X%), while the prices for the other major destinations experienced a decline.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Estonia

In 2022, after two years of decline, there was significant growth in purchases abroad of salted, dried or smoked meat, and offal, when their volume increased by X% to X tons. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of salted, dried or smoked meat, and offal skyrocketed to $X in 2022. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Latvia (X tons) and Spain (X tons) were the main suppliers of imports of salted, dried or smoked meat, and offal to Estonia, together accounting for X% of total imports. Finland, Italy, Germany, the Netherlands, Lithuania and the Czech Republic 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 the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salted, dried or smoked meat, and offal suppliers to Estonia were Latvia ($X), Poland ($X) and Spain ($X), with a combined X% share of total imports.

In terms of the main suppliers, Latvia, with a CAGR of X%, recorded the highest growth rate of 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 import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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