Estonia - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Estonia - 2023
Contents:
- Frozen Fish Meat Price in Estonia (CIF) - 2023
- Frozen Fish Meat Price in Estonia (FOB) - 2022
- Frozen Fish Meat Imports in Estonia
- Frozen Fish Meat Exports in Estonia
Frozen Fish Meat Price in Estonia (CIF) - 2023
The average frozen fish meat import price stood at $1,843 per ton in August 2023, waning by -2.9% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 27% against the previous month. The import price peaked at $2,454 per ton in February 2023; however, from March 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Denmark ($2,814 per ton), while the price for the UK ($1,333 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Denmark (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Price in Estonia (FOB) - 2022
In 2022, the average frozen fish meat export price amounted to $1,330 per ton, dropping by -21.4% against the previous year. Over the period under review, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 58% against the previous year. The export price peaked at $2,055 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($2,982 per ton), while the average price for exports to Latvia ($825 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 Lithuania (+4.0%), while the prices for the other major destinations experienced a decline.
Frozen Fish Meat Imports in Estonia
In 2022, the amount of frozen fish meat imported into Estonia contracted rapidly to 3.9K tons, declining by -17.1% compared with 2021 figures. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 0.7% against the previous year.
In value terms, frozen fish meat imports declined notably to $7.8M in 2022. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 7.4%. As a result, imports reached the peak of $9.5M, and then dropped notably in the following year.
Import of Frozen Fish Meat in Estonia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1,213 | 1,751 | 1,597 | 2,128 | 20.6% |
Russia | 3,267 | 3,102 | 1,721 | 848 | -36.2% |
United States | 667 | 367 | 1,118 | 753 | 4.1% |
Canada | 2.2 | N/A | N/A | 589 | 544.5% |
Iceland | 41.8 | 38.3 | 167 | 404 | 113.0% |
Netherlands | 520 | 336 | 383 | 400 | -8.4% |
Denmark | 110 | 80.0 | 316 | 394 | 53.0% |
New Zealand | 368 | 363 | 396 | 382 | 1.3% |
Sweden | N/A | 124 | 564 | 340 | 65.6% |
Poland | 71.4 | 29.0 | 485 | 249 | 51.6% |
Argentina | 4.6 | 50.3 | N/A | 228 | 267.3% |
Norway | 235 | 42.2 | 216 | 206 | -4.3% |
United Kingdom | 755 | 445 | 396 | 190 | -36.9% |
Others | 2,035 | 2,147 | 2,168 | 732 | -28.9% |
Total | 9,290 | 8,874 | 9,528 | 7,843 | -5.5% |
Top Suppliers of Frozen Fish Meat to Estonia in 2022:
- Lithuania (1184.7 tons)
- Russia (427.7 tons)
- United States (294.0 tons)
- Canada (249.7 tons)
- Denmark (218.7 tons)
- Sweden (199.0 tons)
- Netherlands (171.6 tons)
- Iceland (171.3 tons)
- New Zealand (170.0 tons)
- United Kingdom (168.0 tons)
- Poland (148.2 tons)
- Norway (126.0 tons)
- Argentina (112.5 tons)
Frozen Fish Meat Exports in Estonia
For the fourth consecutive year, Estonia recorded growth in shipments abroad of frozen fish meat, which increased by 90% to 2.2K tons in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 126%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, frozen fish meat exports surged to $2.9M in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 126%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Frozen Fish Meat in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | N/A | N/A | 145 | 910 | 527.6% |
Latvia | 136 | 252 | 536 | 655 | 68.9% |
Ukraine | 205 | 431 | 592 | 508 | 35.3% |
Lithuania | 0.4 | 73.1 | 300 | 262 | 768.5% |
Denmark | N/A | 19.3 | N/A | 152 | 180.6% |
Belarus | N/A | 8.8 | 57.8 | 147 | 308.7% |
Germany | N/A | 25.7 | 26.4 | 42.4 | 28.4% |
Others | 95.9 | 179 | 303 | 250 | 37.6% |
Total | 438 | 989 | 1,960 | 2,925 | 88.3% |
Top Export Markets for Frozen Fish Meat from Estonia in 2022:
- Latvia (793.9 tons)
- Ukraine (573.7 tons)
- Poland (305.0 tons)
- Lithuania (219.6 tons)
- Denmark (109.6 tons)
- Belarus (54.3 tons)
- Germany (46.5 tons)
This report provides an in-depth analysis of the frozen fish meat market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
Country coverage:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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