Bovine Animals; Live Price in Estonia - 2023
Contents:
- Bovine Animals; Live Price in Estonia (FOB) - 2023
- Bovine Animals; Live Price in Estonia (CIF) - 2023
- Bovine Animals; Live Exports in Estonia
- Bovine Animals; Live Imports in Estonia
Bovine Animals; Live Price in Estonia (FOB) - 2023
The average bovine animals; live export price stood at $894 per unit in September 2023, growing by 4.1% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 35% month-to-month. As a result, the export price attained the peak level of $1,071 per unit. From May 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Azerbaijan ($2,256 per unit), while the average price for exports to the Netherlands ($596 per unit) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Bovine Animals; Live Price in Estonia (CIF) - 2023
The average bovine animals; live import price stood at $2,140 per unit in August 2023, increasing by 9.8% against the previous month. Over the period under review, the import price, however, faced a drastic downturn. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 71% m-o-m. The import price peaked at $8,475 per unit in October 2022; afterwards, it flattened through to August 2023.
As there is only one major supplying country, the average price level is determined by prices for Denmark.
From October 2022 to August 2023, the rate of growth in terms of prices for Denmark amounted to +12.9% per month.
Bovine Animals; Live Exports in Estonia
In 2022, approx. 60K units of bovine animals; lives were exported from Estonia; remaining relatively unchanged against the previous year's figure. The total export volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 9.2% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, bovine animals; live exports surged to $41M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Bovine Animals; Live in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 5.0 | 5.7 | 9.3 | 14.4 | 42.3% |
| Uzbekistan | 1.6 | 5.4 | 4.6 | 5.5 | 50.9% |
| Lithuania | 3.1 | 4.3 | 4.5 | 5.2 | 18.8% |
| Azerbaijan | N/A | N/A | 0.6 | 3.7 | 516.7% |
| Netherlands | 3.3 | 2.7 | 4.2 | 3.6 | 2.9% |
| Latvia | 2.8 | 2.8 | 4.2 | 3.5 | 7.7% |
| Turkey | 4.1 | 1.5 | 1.3 | 2.2 | -18.7% |
| Belgium | 0.6 | N/A | N/A | N/A | 0% |
| Others | 2.4 | 3.5 | 5.2 | 3.1 | 8.9% |
| Total | 22.8 | 25.9 | 33.8 | 41.1 | 21.7% |
Top Export Markets for Bovine Animals; Live from Estonia in 2022:
- Netherlands (26.8K units)
- Poland (15.1K units)
- Lithuania (7.4K units)
- Uzbekistan (3.4K units)
- Latvia (3.0K units)
- Turkey (1.5K units)
- Azerbaijan (1.2K units)
Bovine Animals; Live Imports in Estonia
In 2022, approx. 46 units of bovine animals; lives were imported into Estonia; with a decrease of -44.6% compared with the previous year's figure. Over the period under review, imports showed a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 938% against the previous year. Over the period under review, imports reached the maximum at 111 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, bovine animals; live imports rose remarkably to $268K in 2022. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 436%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Bovine Animals; Live in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 65.8 | N/A | 132 | 179 | 39.6% |
| Netherlands | N/A | N/A | N/A | 67.8 | 0% |
| Ireland | N/A | N/A | N/A | 21.2 | 0% |
| Hungary | N/A | 43.8 | N/A | N/A | 0% |
| Uzbekistan | N/A | N/A | 83.2 | N/A | 0% |
| Others | 159 | N/A | 20.1 | N/A | -64.4% |
| Total | 225 | 43.8 | 235 | 268 | 6.0% |
Top Suppliers of Bovine Animals; Live to Estonia in 2022:
- Germany (31.0 units)
- Netherlands (8.0 units)
- Ireland (7.0 units)
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