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Estonia - Prepared Or Preserved Meat Or Offal Of Turkeys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Turkey Price in Estonia - 2023
Contents:
- Preserved Turkey Price in Estonia (CIF) - 2023
- Preserved Turkey Price in Estonia (FOB) - 2022
- Preserved Turkey Imports in Estonia
- Preserved Turkey Exports in Estonia
Preserved Turkey Price in Estonia (CIF) - 2023
The average preserved turkey import price stood at $5,505 per ton in September 2023, picking up by 4.6% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +4.1%. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 23% m-o-m. Over the period under review, average import prices hit record highs in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Finland ($12,811 per ton), while the price for Latvia ($4,394 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Turkey Price in Estonia (FOB) - 2022
In 2022, the average preserved turkey export price amounted to $7,656 per ton, waning by -8.6% against the previous year. Over the period under review, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 90%. As a result, the export price reached the peak level of $10,153 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($8,038 per ton), while the average price for exports to Finland ($4,970 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 (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.
Preserved Turkey Imports in Estonia
In 2022, the amount of prepared or preserved meat or offal of turkeys imported into Estonia skyrocketed to 270 tons, jumping by 63% compared with the previous year's figure. Overall, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved turkey imports surged to $1.1M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Preserved Turkey in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 211 | 287 | 252 | 571 | 39.4% |
Poland | 248 | 268 | 349 | 244 | -0.5% |
Lithuania | 203 | 46.4 | 99.1 | 158 | -8.0% |
Finland | 6.5 | 45.1 | 22.4 | 61.4 | 111.4% |
Spain | 35.1 | 44.8 | 25.7 | 14.5 | -25.5% |
Others | 25.6 | 5.9 | 10.0 | 2.2 | -55.9% |
Total | 729 | 697 | 758 | 1,051 | 13.0% |
Top Suppliers of Preserved Turkey to Estonia in 2022:
- Latvia (164.5 tons)
- Poland (63.0 tons)
- Lithuania (29.8 tons)
- Finland (7.2 tons)
- Spain (4.8 tons)
Preserved Turkey Exports in Estonia
For the fourth consecutive year, Estonia recorded growth in shipments abroad of prepared or preserved meat or offal of turkeys, which increased by 6.2% to 52 tons in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, preserved turkey exports reduced modestly to $396K in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. As a result, the exports attained the peak of $409K, and then contracted in the following year.
Export of Preserved Turkey in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 142 | 174 | 293 | 338 | 33.5% |
Finland | 20.6 | 24.2 | 33.5 | 31.1 | 14.7% |
Lithuania | 3.5 | 45.7 | 51.5 | 16.1 | 66.3% |
Italy | 30.2 | N/A | N/A | N/A | 0% |
Others | 13.6 | 12.2 | 30.5 | 11.1 | -6.5% |
Total | 210 | 256 | 409 | 396 | 23.5% |
Top Export Markets for Preserved Turkey from Estonia in 2022:
- Latvia (42.1 tons)
- Finland (6.3 tons)
- Lithuania (2.7 tons)
This report provides an in-depth analysis of the preserved turkey 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 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
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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