Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia (CIF) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia (FOB) - 2022
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $8,366 per ton, picking up by 27% against the previous year. Over the period under review, import price indicated a noticeable 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. The pace of growth was the most pronounced in 2018 an increase of 45% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($10,807 per ton), while the price for the Netherlands ($5,341 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia (FOB) - 2022
In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $2,329 per ton, surging by 25% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 when the average export price increased by 25%. As a result, the export price attained the peak level of $6,903 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($1,895 per ton), while the average price for exports to Latvia totaled $1,729 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Estonia soared to 32 tons, picking up by 22% against 2021. In general, imports, however, continue to indicate a abrupt decline.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat soared to $268K in 2022. Over the period under review, imports, however, saw a perceptible reduction.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 142 | 81.3 | 116 | 219 | 15.5% |
| Germany | 21.0 | 25.4 | 32.0 | 23.7 | 4.1% |
| Latvia | 4.7 | 5.8 | 6.1 | 10.9 | 32.4% |
| Lithuania | 17.9 | 15.7 | 4.7 | 10.6 | -16.0% |
| Netherlands | 75.2 | 29.1 | 10.2 | 3.3 | -64.7% |
| Others | 43.9 | 7.9 | 4.1 | N/A | -69.4% |
| Total | 305 | 165 | 173 | 268 | -4.2% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Estonia in 2022:
- Poland (26.6 tons)
- Germany (2.5 tons)
- Lithuania (1.7 tons)
- Latvia (1.0 tons)
- Netherlands (0.6 tons)
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia
In 2022, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Estonia was estimated at 7.9 tons, picking up by 8% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt slump.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $18K in 2022. In general, exports, however, continue to indicate a abrupt decrease.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 13.7 | 9.6 | 10.5 | 10.8 | -7.6% |
| Finland | 20.7 | 3.0 | 3.1 | 1.4 | -59.3% |
| Others | N/A | N/A | N/A | 6.2 | 0% |
| Total | 34.4 | 12.5 | 13.7 | 18.5 | -18.7% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Estonia in 2022:
- Latvia (6.3 tons)
- Finland (0.8 tons)
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