Analytics, Estonia, Export, Foodstuff, Industry
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Friday, 29.03.2024, 05:36
Estonian meat processing sector's profit falls 29 % in H1
In spite of export revenue declining, the meat processing
sector's revenue remains stable due to domestic consumption, but the sector's
profitability is decreasing due to a decline in added value, the Ministry of
Rural Affairs said.
The Estonian meat processing industry produced output worth
139.1 mln euros in the first six months of the year, which is 0.7% more than in
the same period a year earlier, while sales decreased 0.7 % on year to 149 mln
euros.
Exports of meat and meat products declined 47.1% y-o-y to
40.6 mln euros, and imports totaled 65.9 mln euros or 39% less than in the
first six months of 2015.
Estonia's meat processing sector is made up of on average 50
processing companies and small households. More than 90% of total revenue is
earned by five bigger companies.