Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Finland - 2023

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Finland (CIF) - 2023
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Finland (FOB) - 2022
3. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Finland
4. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Finland

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Finland (CIF) - 2023

In October 2023, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $10,721 per ton, declining by -6.7% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 16% month-to-month. As a result, import price reached the peak level of $12,390 per ton. From July 2023 to October 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +3.4% per month.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Finland (FOB) - 2022

The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $17,574 per ton in 2022, rising by 120% against the previous year. Overall, the export price, however, recorded a perceptible downturn. Over the period under review, the average export prices reached the peak figure at $44,135 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($18,432 per ton), while the average price for exports to Norway ($8,450 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Finland

For the fourth year in a row, Finland recorded growth in purchases abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds, which increased by 6% to 2.2K tons in 2022. The total import volume increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds rose to $22M in 2022. Over the period under review, imports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2021 when imports increased by 7.6% against the previous year.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Finland in 2022:

1. Norway (950.9 tons)
2. Sweden (407.0 tons)
3. Denmark (306.4 tons)
4. Netherlands (209.8 tons)
5. Germany (95.7 tons)
6. Belgium (92.3 tons)
7. Vietnam (44.9 tons)

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Finland

In 2022, approx. 10 tons of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were exported from Finland; surging by 83% compared with 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 227%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds surged to $175K in 2022. Over the period under review, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Finland in 2022:

1. Russia (8.7 tons)
2. Norway (0.6 tons)
3. Estonia (0.5 tons)

Source: IndexBox Market Intelligence Platform