October 20, 2011
Estonian meat, meat products export sales hit US$47.4 million
In the first six months of 2011, Estonia's meat and meat products sales amounted EUR34.6 million (US$47.4 million), as shown by the Institute of Economic Research meat market survey.
Compared to the same period of 2010, export turnover grew by 19.6% or EUR5.7 million (US$7.8 million).
During the same six months, imports of meat and meat products totalled EUR56.2 million (US$77.1 million), up by EUR10.9 million (US$15 million) or 23.9% in annual comparison.
Pork made up 26%, sausages 23%, and canned meat and poultry 19% each of all exports in the first half of the year. Of imports, pork accounted for 44%, poultry for 24%, beef for 15% and canned meat for 9%.
The monetary value of export sales of meat and meat products increased mainly on account of the growth of exported quantities. Strong growth was observed in the export of poultry, mutton and canned meat. Export quantities of pork and beef declined but export prices rose.
The monetary value of imports grew in the first half of the year owing to both an increase in volume and higher prices.
Six-month sales of Estonian meat industry companies totalled EUR110.6 million (US$151.7 million), an increase of 2.4% compared to the same period a year ago. The overall result of the meat industry for the period was a loss of EUR1 million.