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Estonia - Fresh Or Chilled Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fresh or Chilled Turkey Cut in Estonia - 2023
Contents:
- Price for Fresh or Chilled Turkey Cut in Estonia (CIF) - 2023
- Price for Fresh or Chilled Turkey Cut in Estonia (FOB) - 2023
- Imports of Fresh or Chilled Turkey Cut in Estonia
- Exports of Fresh or Chilled Turkey Cut in Estonia
Price for Fresh or Chilled Turkey Cut in Estonia (CIF) - 2023
The average import price for fresh or chilled turkey cuts stood at $4,605 per ton in September 2023, with a decrease of -3.3% against the previous month. Over the period under review, the import price recorded a slight descent. The pace of growth appeared the most rapid in November 2022 an increase of 10% m-o-m. Over the period under review, average import prices hit record highs at $6,224 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Lithuania ($6,013 per ton), while the price for Finland ($1,302 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 Latvia (-0.0%), while the prices for the other major suppliers experienced a decline.
Price for Fresh or Chilled Turkey Cut in Estonia (FOB) - 2023
In September 2023, the average export price for fresh or chilled turkey cuts amounted to $4,785 per ton, standing approximately at the previous month. Overall, the export price showed a slight slump. The growth pace was the most rapid in June 2023 an increase of 25% month-to-month. As a result, the export price reached the peak level of $7,488 per ton. From July 2023 to September 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Finland.
From September 2022 to September 2023, the rate of growth in terms of prices for Finland amounted to -1.7% per month.
Imports of Fresh or Chilled Turkey Cut in Estonia
For the fourth consecutive year, Estonia recorded growth in purchases abroad of fresh or chilled turkey cuts, which increased by 6.8% to 658 tons in 2022. The total import volume increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, fresh or chilled turkey cut imports skyrocketed to $3.2M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
Import of Fresh or Chilled Turkey Cut in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 1,300 | 1,844 | 2,403 | 2,797 | 29.1% |
Latvia | 23.3 | 3.2 | 0.4 | 389 | 155.6% |
Lithuania | 663 | 3.2 | 21.6 | 24.8 | -66.6% |
Finland | 6.1 | 14.2 | 17.7 | 3.9 | -13.9% |
Hungary | 166 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | 28.9 | N/A | 0% |
Total | 2,158 | 1,865 | 2,471 | 3,214 | 14.2% |
Top Suppliers of Fresh or Chilled Turkey Cut to Estonia in 2022:
- Poland (516.2 tons)
- Latvia (134.8 tons)
- Lithuania (4.0 tons)
- Finland (3.2 tons)
Exports of Fresh or Chilled Turkey Cut in Estonia
For the fourth year in a row, Estonia recorded growth in shipments abroad of fresh or chilled turkey cuts, which increased by 4.8% to 364 tons in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, fresh or chilled turkey cut exports surged to $2.2M in 2022. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 50%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Fresh or Chilled Turkey Cut in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 1.0 | 1.0 | 1.5 | 2.2 | 30.1% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.0 | 1.0 | 1.6 | 2.2 | 30.1% |
Top Export Markets for Fresh or Chilled Turkey Cut from Estonia in 2022:
- Finland (363.7 tons)
This report provides an in-depth analysis of the market for fresh or chilled turkey cut 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 10121060 - Fresh or chilled cuts of turkey
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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