The Hams and Cured Pork Shoulders market in Estonia has experienced a continuous decline over the past decade, with the market size decreasing from €20.527 million in 2013 to €11.622 million in 2023. The year-on-year declines, particularly steep from 2013 to 2016, averaged at around -4.92% over the last five years, illustrating a persistent downward trend. Despite brief optimism in 2019 with a slight uptick, the overall market has remained on a contracting trajectory.
- From 2022 to 2023, the market contracted by -6.05%.
- The most significant annual decline was observed from 2013 to 2014.
- A consistent decrease was noted over the last decade, with few anomalies.
Future trends to watch include potential shifts in consumer preferences towards alternative proteins, changes in regulation affecting cured meats, and innovations in product offerings that may stabilize or reinvigorate the market. Monitoring these factors could provide insights into whether the market can reverse its long-term contraction.
How does Estonia rank in Hams and Cured Pork Shoudlers Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,417,400,000 | 2023 | +2.4% | +2.81% | View data |
| 2 | 2 Spain | 2,628,100,000 | 2023 | +3.15% | +2.81% | View data |
| 3 | 3 Germany | 2,595,800,000 | 2023 | -0.94% | +0.88% | View data |
| 4 | 4 United Kingdom | 559,820,000 | 2023 | -1.14% | +0.22% | View data |
| 5 | 5 Poland | 273,030,000 | 2023 | +1.5% | -0.19% | View data |
| 16 | 16 Finland | 20,501,000 | 2023 | -3.41% | +4.06% | View data |
| 17 | 17 Latvia | 19,547,000 | 2023 | -0.36% | -0.93% | View data |
| 18 | 18 Estonia | 11,622,000 | 2023 | -6.05% | -4.92% | |
| 19 | 19 Luxembourg | 2,037,100 | 2023 | +0.83% | -2.08% | View data |
