Prepared or preserved fish, caviar and caviar substitutes market in Estonia

Earlier Report Observations

The market for prepared or preserved fish, caviar and caviar substitutes in Estonia experienced a sharp contraction in 2019, falling to 16.7 million USD after starting at 24.3 million USD in 2018. A recovery followed in 2020, with the market reaching 23.9 million USD, driven by shifting consumer preferences during the COVID-19 pandemic which increased interest in local and high-quality food products, including caviar.

Sustained growth characterized the market from 2021 to 2023, rising from 27.2 million USD to 34.1 million USD. This expansion was supported by strong regional trade flows with neighboring countries and consistent consumer demand for quality products. By 2024, the pace of growth moderated, and the market stabilized at 34.6 million USD.

Production prepared or preserved fish, caviar and caviar substitutes in Estonia

In value, 2018-2021, K $ US

Estonia's production of prepared or preserved fish, caviar, and caviar substitutes increased for the second consecutive year. In 2021, output reached 33 615 thousand US dollars, marking a modest rise of 5.6% compared to 2020. Over the period from 2018 to 2021, production grew by 10.4%, with a compound annual growth rate of 3.4%. The lowest value was recorded in 2019 at 28 613 thousand US dollars, which saw the largest decline of 6.0%. In contrast, the largest increase occurred in 2020, with an 11.2% rise.

Annual dynamics of production in Estonia in value, 2018-2021, K $ US

In kind, 2018-2021, t

Estonia's production of prepared or preserved fish, caviar, and caviar substitutes increased for the third consecutive year. In 2021, 16 136 tonnes were produced, representing a 2.5% rise compared to the previous year. Between 2018 and 2021, production increased by 22.2%, equating to an annualized growth rate of 6.9%.

Annual dynamics of production in Estonia in kind, 2018-2021, t

Exports prepared or preserved fish, caviar and caviar substitutes from Estonia

Exports in kind, t

Exports of prepared or preserved fish, caviar, and caviar substitutes from Estonia declined for the second consecutive year. In 2021, exports amounted to 14 475 tonnes, a decrease of 9.2% compared to 2020. Over the period from 2018 to 2021, exports fell by 16.1%, with a compound annual decline rate of 5.7%. The highest volume was recorded in 2019 at 18 263 tonnes, which saw the largest increase of 5.8%. The largest decline occurred in 2020, with a 12.7% drop.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, t

From 2018 to 2021, the leading destinations for exports in kind of prepared or preserved fish, caviar, and caviar substitutes from Estonia were Ukraine, accounting for 34.3% of exports, Finland with 14.1%, and Russia at 10.1%. Together, these three countries represented 58.5% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Estonia in kind, 2018-2021

Exports in value, K $ US

In 2021, exports of prepared or preserved fish, caviar, and caviar substitutes from Estonia reached 33 339 thousand US dollars, showing a slight gain of 1.7% from 2020. Over the period from 2018 to 2021, exports increased by 7.6%, with a compound annual growth rate of 2.5%. The highest value was recorded in 2019 at 34 226 thousand US dollars, which saw the largest increase of 10.5%. The largest decline occurred in 2020, with a 4.2% drop.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

From 2018 to 2021, the country breakdown of exports in value terms was scattered, with no single partner dominating. Finland accounted for 22.7% of exports, Ukraine for 12.0%, and Lithuania for 11.5%. Together, these three countries represented just 46.2% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Estonia in value, 2018-2021

Imports prepared or preserved fish, caviar and caviar substitutes to Estonia

Imports in kind, t

After a two-year rise, imports of prepared or preserved fish, caviar, and caviar substitutes into Estonia declined. In 2021, imports amounted to 6 154 tonnes, remaining virtually unchanged compared to the previous year. Over the period from 2018 to 2021, imports increased by 4.8%, with a compound annual growth rate of 1.6%. The highest volume was recorded in 2020 at 6 170 tonnes, which saw the largest increase of 4.0%.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, t

Throughout 2018 to 2021, Lithuania, Latvia, and Sweden were the key partners for imports in kind. Lithuania accounted for 47.5% of imports, Latvia for 22.2%, and Sweden for 5.3%. Together, these three countries represented 74.9% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Estonia in kind, 2018-2021

Imports in value, K $ US

Imports of prepared or preserved fish, caviar, and caviar substitutes into Estonia increased for the second consecutive year. In 2021, imports totalled 26 922 thousand US dollars, representing an 8.4% gain compared to the previous year. Over the period from 2018 to 2021, imports grew by 8.4%, with a compound annual growth rate of 2.7%. The lowest value was recorded in 2019 at 22 343 thousand US dollars, which saw the largest decline of 10.0%. The largest increase occurred in 2020, with an 11.2% rise.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

From 2018 to 2021, Lithuania, Latvia, and Finland were the main directions for imports in value terms. Lithuania accounted for 40.4% of imports, Latvia for 13.8%, and Finland for 9.4%. Together, these three countries absorbed 63.6% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Estonia in value, 2018-2021