Frozen Atlantic Halibut Price in Estonia - 2023

Contents:

1. Frozen Atlantic Halibut Price in Estonia (FOB) - 2022
2. Frozen Atlantic Halibut Price in Estonia (CIF) - 2022
3. Frozen Atlantic Halibut Exports in Estonia
4. Frozen Atlantic Halibut Imports in Estonia

Frozen Atlantic Halibut Price in Estonia (FOB) - 2022

The average frozen atlantic halibut export price stood at $4,624 per ton in 2022, falling by -2% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 61%. Over the period under review, the average export prices hit record highs at $5,673 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($6,192 per ton) and China ($5,893 per ton), while the average price for exports to Portugal ($4,276 per ton) and Norway ($4,865 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+54.5%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Atlantic Halibut Price in Estonia (CIF) - 2022

The average frozen atlantic halibut import price stood at $5,061 per ton in 2022, rising by 7.8% against the previous year. In general, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 107% against the previous year. Over the period under review, average import prices attained the maximum at $7,199 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($7,651 per ton), while the price for Sweden amounted to $5,001 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Frozen Atlantic Halibut Exports in Estonia

In 2022, shipments abroad of frozen atlantic halibut was finally on the rise to reach 883 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt descent.

In value terms, frozen atlantic halibut exports skyrocketed to $4.1M in 2022. Over the period under review, exports, however, faced a abrupt contraction.

Top Export Markets for Frozen Atlantic Halibut from Estonia in 2022:

1. Portugal (678.6 tons)
2. China (174.4 tons)
3. Canada (15.7 tons)
4. Norway (9.5 tons)

Frozen Atlantic Halibut Imports in Estonia

In 2022, the amount of frozen atlantic halibut imported into Estonia dropped to 23 tons, shrinking by -9.1% against the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. As a result, imports reached the peak of 25 tons, and then shrank in the following year.

In value terms, frozen atlantic halibut imports fell modestly to $116K in 2022. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year.

Top Suppliers of Frozen Atlantic Halibut to Estonia in 2022:

1. Sweden (22.4 tons)
2. Latvia (0.5 tons)

Source: IndexBox Market Intelligence Platform