Price for Smoked Fish, Incl. Fillets in Estonia - 2024
Contents:
- Price for Smoked Fish, Incl. Fillets in Estonia (CIF) - 2024
- Price for Smoked Fish, Incl. Fillets in Estonia (FOB) - 2024
- Imports of Smoked Fish, Incl. Fillets in Estonia
- Exports of Smoked Fish, Incl. Fillets in Estonia
Price for Smoked Fish, Incl. Fillets in Estonia (CIF) - 2024
The average smoked fish, incl. fillets import price stood at $8,410 per ton in March 2024, stabilizing at the previous month. Over the period under review, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in January 2024 when the average import price increased by 5.6% m-o-m. The import price peaked at $10,608 per ton in June 2023; however, from July 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Finland ($19,733 per ton), while the price for Lithuania ($6,330 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Lithuania (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Smoked Fish, Incl. Fillets in Estonia (FOB) - 2024
In March 2024, the average smoked fish, incl. fillets export price amounted to $16,158 per ton, surging by 10% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2024 when the average export price increased by 114% month-to-month. The export price peaked at $21,542 per ton in April 2023; however, from May 2023 to March 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Latvia ($21,549 per ton), while the average price for exports to Belgium ($2,948 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Smoked Fish, Incl. Fillets in Estonia
In 2022, after three years of growth, there was significant decline in supplies from abroad of smoked fish, incl. fillets, when their volume decreased by -15.2% to 290 tons. The total import volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year.
In value terms, smoked fish, incl. fillets imports reduced to $2.5M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +39.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $2.7M, and then contracted in the following year.
| Import of Smoked Fish, Incl. Fillets in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 732 | 1,024 | 1,174 | 1,078 | 13.8% |
| Finland | 439 | 619 | 1,250 | 1,021 | 32.5% |
| Latvia | 51.3 | 58.2 | 32.2 | 200 | 57.4% |
| Netherlands | 19.7 | 90.7 | 131 | 118 | 81.6% |
| Others | 524 | 71.1 | 104 | 47.4 | -55.1% |
| Total | 1,767 | 1,863 | 2,692 | 2,465 | 11.7% |
Top Suppliers of Smoked Fish, Incl. Fillets to Estonia in 2022:
- Lithuania (171.2 tons)
- Finland (69.3 tons)
- Latvia (33.5 tons)
- Netherlands (13.6 tons)
Exports of Smoked Fish, Incl. Fillets in Estonia
Smoked fish, incl. fillets exports from Estonia reduced remarkably to 123 tons in 2022, falling by -47.5% against 2021. Over the period under review, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 3.2% against the previous year.
In value terms, smoked fish, incl. fillets exports declined markedly to $2M in 2022. In general, exports saw a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 6.4% against the previous year.
| Export of Smoked Fish, Incl. Fillets in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 4,395 | 2,925 | 3,226 | 1,734 | -26.7% |
| Latvia | 118 | 111 | 131 | 138 | 5.4% |
| Israel | N/A | N/A | N/A | 103 | 0% |
| Lithuania | 12.8 | 15.5 | 13.4 | 43.2 | 50.0% |
| Germany | 98.5 | 182 | 1.8 | 0.1 | -89.9% |
| Canada | 343 | N/A | N/A | N/A | 0% |
| Others | 27.7 | 21.4 | 91.5 | 7.5 | -35.3% |
| Total | 4,995 | 3,255 | 3,464 | 2,026 | -26.0% |
Top Export Markets for Smoked Fish, Incl. Fillets from Estonia in 2022:
- Finland (107.0 tons)
- Israel (7.2 tons)
- Latvia (6.7 tons)
- Lithuania (2.0 tons)
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