Frozen Catfish Fillet Price in Estonia - 2023
Contents:
- Frozen Catfish Fillet Price in Estonia (FOB) - 2022
- Frozen Catfish Fillet Price in Estonia (CIF) - 2022
- Frozen Catfish Fillet Exports in Estonia
- Frozen Catfish Fillet Imports in Estonia
Frozen Catfish Fillet Price in Estonia (FOB) - 2022
The average frozen catfish fillet export price stood at $2,759 per ton in 2022, standing approx. at the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen catfish fillet export price increased by +7.0% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 53%. As a result, the export price attained the peak level of $3,428 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($2,868 per ton), while the average price for exports to Lithuania ($2,218 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 Latvia (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Catfish Fillet Price in Estonia (CIF) - 2022
In 2022, the average frozen catfish fillet import price amounted to $2,933 per ton, increasing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2013 when the average import price increased by 38% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($3,345 per ton) and Poland ($3,071 per ton), while the price for Lithuania ($2,745 per ton) and Vietnam ($2,937 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Catfish Fillet Exports in Estonia
In 2022, after three years of growth, there was decline in shipments abroad of frozen catfish fillets, when their volume decreased by -0.6% to 559 tons. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 102%. As a result, the exports attained the peak of 562 tons, leveling off in the following year.
In value terms, frozen catfish fillet exports reduced modestly to $1.5M in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 118%. As a result, the exports attained the peak of $1.6M, and then dropped modestly in the following year.
| Export of Frozen Catfish Fillet in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | N/A | 176 | 835 | 374.4% |
| Latvia | 562 | 250 | 819 | 500 | -3.8% |
| Lithuania | 132 | 302 | 137 | 197 | 14.3% |
| Germany | N/A | 102 | 426 | N/A | 317.6% |
| Others | 4.2 | 63.7 | 7.2 | 10.2 | 34.4% |
| Total | 698 | 718 | 1,565 | 1,541 | 30.2% |
Top Export Markets for Frozen Catfish Fillet from Estonia in 2022:
- Hungary (293.2 tons)
- Latvia (174.4 tons)
- Lithuania (88.6 tons)
Frozen Catfish Fillet Imports in Estonia
In 2022, after three years of growth, there was significant decline in overseas purchases of frozen catfish fillets, when their volume decreased by -56.9% to 401 tons. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports reached the peak of 932 tons, and then reduced notably in the following year.
In value terms, frozen catfish fillet imports contracted rapidly to $1.2M in 2022. In general, imports showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $2.3M, and then shrank significantly in the following year.
| Import of Frozen Catfish Fillet in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 523 | 759 | 1,026 | 424 | -6.8% |
| Poland | 62.1 | 197 | 106 | 403 | 86.5% |
| Sweden | 307 | 298 | 463 | 150 | -21.2% |
| Vietnam | 272 | 30.4 | N/A | 126 | -22.6% |
| Latvia | 8.7 | 8.2 | 142 | 40.6 | 67.1% |
| Belgium | N/A | 1.1 | N/A | 22.1 | 348.2% |
| Spain | 380 | 271 | 486 | N/A | 13.1% |
| Others | 67.0 | 58.0 | 62.5 | 10.7 | -45.7% |
| Total | 1,620 | 1,623 | 2,286 | 1,177 | -10.1% |
Top Suppliers of Frozen Catfish Fillet to Estonia in 2022:
- Lithuania (154.6 tons)
- Poland (131.2 tons)
- Sweden (49.6 tons)
- Vietnam (43.0 tons)
- Latvia (13.7 tons)
- Belgium (6.6 tons)
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