Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia - 2023
Contents:
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia (CIF) - 2022
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia (FOB) - 2022
- Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia
- Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia (CIF) - 2022
The average import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $7,484 per ton in 2022, increasing by 10% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average import price increased by 42%. The import price peaked at $7,509 per ton in 2019; afterwards, it flattened through to 2022.
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 Belgium ($10,564 per ton), while the price for the Netherlands ($5,716 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s amounted to $9,957 per ton, jumping by 34% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 93%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($8,383 per ton), while the average price for exports to Finland totaled $6,728 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+31.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia
For the third consecutive year, Estonia recorded decline in purchases abroad of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s, which decreased by -0.7% to 53 tons in 2022. Over the period under review, imports saw a deep downturn.
In value terms, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s expanded rapidly to $399K in 2022. In general, imports faced a deep reduction.
| Import of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 36.2 | 119 | 135 | 170 | 67.5% |
| Latvia | 26.0 | 161 | 119 | 99.3 | 56.3% |
| Netherlands | 3.5 | 24.5 | 24.4 | 48.6 | 140.4% |
| Poland | 41.2 | 22.9 | 24.4 | 44.7 | 2.8% |
| Belgium | 19.6 | 28.8 | 13.3 | 13.8 | -11.0% |
| Spain | N/A | N/A | N/A | 12.5 | 0% |
| Denmark | 0.9 | 16.5 | 49.9 | 10.4 | 126.1% |
| Russia | 215 | 85.9 | N/A | N/A | -60.0% |
| Norway | 197 | N/A | N/A | N/A | 0% |
| China | 55.5 | N/A | N/A | N/A | 0% |
| Others | 20.8 | N/A | N/A | N/A | 0% |
| Total | 616 | 459 | 366 | 399 | -13.5% |
Top Suppliers of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) to Estonia in 2022:
- Lithuania (18.9 tons)
- Latvia (15.9 tons)
- Netherlands (8.5 tons)
- Poland (5.5 tons)
- Spain (2.2 tons)
- Belgium (1.3 tons)
- Denmark (1.2 tons)
Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia
In 2022, shipments abroad of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s decreased by -78.8% to 2.1 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 205%. As a result, the exports attained the peak of 381 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s dropped remarkably to $20K in 2022. In general, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 230% against the previous year. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 8.1 | 10.4 | 15.2 | 7.1 | -4.3% |
| Latvia | 41.2 | 39.5 | 12.1 | 1.0 | -71.0% |
| Spain | N/A | 243 | N/A | N/A | 0% |
| Germany | N/A | 130 | 5.7 | N/A | -95.6% |
| Portugal | 599 | 1,719 | 27.4 | N/A | -78.6% |
| Others | 2.5 | 0.8 | 12.0 | 12.4 | 70.5% |
| Total | 650 | 2,144 | 72.3 | 20.5 | -68.4% |
Top Export Markets for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) from Estonia in 2022:
- Finland (1050.0 kg)
- Latvia (120.0 kg)
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