Estonia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Estonia

In 2022, the Estonian sheep and goat meat market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sheep and goat meat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Estonia

In value terms, sheep and goat meat production reduced slightly to $X in 2022 estimated in export price. In general, the total production indicated modest growth 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 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

In 2022, the average yield of sheep and goat meat in Estonia was estimated at X kg per head, therefore, remained relatively stable against 2021 figures. Over the period under review, the yield indicated a slight increase 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, sheep and goat meat yield increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 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 sheep and goat meat yield failed to regain momentum.

The number of animals slaughtered for sheep and goat meat production in Estonia was estimated at X heads in 2022, with an increase of X% against the year before. Overall, the number of producing animals, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, this number hit record highs at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Sheep And Goat Meat

Exports from Estonia

Sheep and goat meat exports from Estonia declined rapidly to X tons in 2022, waning by X% on the year before. Over the period under review, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports rose notably to $X in 2022. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Finland (X tons) was the main destination for sheep and goat meat exports from Estonia, with a X% share of total exports. Moreover, sheep and goat 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 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).

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

From 2012 to 2022, the average annual growth rate of value to Finland stood at 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 sheep and goat meat export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated a buoyant increase 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, sheep and goat 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 expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to 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 Sheep And Goat Meat

Imports into Estonia

In 2022, supplies from abroad of sheep and goat meat increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. In general, imports showed resilient growth. As a result, imports reached 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 sheep and goat 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 sheep and goat meat suppliers to Estonia were New Zealand ($X), the Netherlands ($X) and Spain ($X), together comprising X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 sheep and goat meat import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, 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

Frequently Asked Questions (FAQ) :