Price for Meat of Bovine Animals; Frozen in Estonia - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Estonia (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Estonia (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Estonia
- Exports of Meat of Bovine Animals; Frozen in Estonia
Price for Meat of Bovine Animals; Frozen in Estonia (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $6,073 per ton in September 2023, falling by -9.9% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 36% m-o-m. Over the period under review, average import prices hit record highs at $7,278 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($15,488 per ton), while the price for Poland ($5,204 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 Finland (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Estonia (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $4,923 per ton in 2022, growing by 21% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $5,378 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($9,156 per ton), while the average price for exports to Poland ($1,694 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 Sweden (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Estonia
Meat of bovine animals; frozen imports into Estonia declined to 2.5K tons in 2022, falling by -14.9% on the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of 3K tons, and then declined in the following year.
In value terms, meat of bovine animals; frozen imports soared to $16M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +50.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Meat of Bovine Animals; Frozen in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.7 | 3.3 | 4.8 | 5.5 | 14.1% |
| Latvia | 0.4 | 2.2 | 2.6 | 3.7 | 109.9% |
| Finland | 0.9 | 1.0 | 1.1 | 1.7 | 23.6% |
| Denmark | 0.6 | 1.2 | 1.6 | 1.3 | 29.4% |
| Lithuania | 2.3 | 1.5 | 1.6 | 1.3 | -17.3% |
| Netherlands | 1.4 | 0.9 | 1.1 | 1.1 | -7.7% |
| Germany | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Others | 1.4 | 0.2 | 0.7 | 0.7 | -20.6% |
| Total | 10.9 | 10.4 | 13.6 | 15.7 | 12.9% |
Top Suppliers of Meat of Bovine Animals; Frozen to Estonia in 2022:
- Poland (938.3 tons)
- Latvia (604.1 tons)
- Finland (315.4 tons)
- Denmark (233.5 tons)
- Lithuania (203.2 tons)
- Netherlands (102.1 tons)
- Germany (56.6 tons)
Exports of Meat of Bovine Animals; Frozen in Estonia
In 2022, overseas shipments of meat of bovine animals; frozen decreased by -35.4% to 602 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of 932 tons, and then contracted dramatically in the following year.
In value terms, meat of bovine animals; frozen exports dropped rapidly to $3M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, the exports reached the peak of $3.8M, and then shrank markedly in the following year.
| Export of Meat of Bovine Animals; Frozen in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 976 | 1,792 | 2,847 | 1,495 | 15.3% |
| Latvia | 332 | 238 | 436 | 604 | 22.1% |
| Sweden | 195 | 62.9 | 97.5 | 270 | 11.5% |
| Poland | 9.0 | 19.8 | 0.7 | 229 | 194.1% |
| Denmark | 40.1 | 181 | 95.9 | 162 | 59.3% |
| Lithuania | 49.5 | 15.0 | 170 | 74.0 | 14.3% |
| Germany | 356 | 78.9 | 47.9 | N/A | -63.3% |
| Others | 129 | 49.5 | 84.8 | 132 | 0.8% |
| Total | 2,086 | 2,438 | 3,780 | 2,965 | 12.4% |
Top Export Markets for Meat of Bovine Animals; Frozen from Estonia in 2022:
- Finland (272.1 tons)
- Poland (135.0 tons)
- Latvia (108.6 tons)
- Denmark (30.6 tons)
- Sweden (29.5 tons)
- Lithuania (13.7 tons)
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