Price for Insects; Live, Other than Bees in Finland - 2023

Contents:

1. Price for Insects; Live, Other than Bees in Finland (CIF) - 2022
2. Price for Insects; Live, Other than Bees in Finland (FOB) - 2022
3. Imports of Insects; Live, Other than Bees in Finland
4. Exports of Insects; Live, Other than Bees in Finland

Price for Insects; Live, Other than Bees in Finland (CIF) - 2022

In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, which is down by -2.8% against the previous year. Over the period under review, the import price, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 99%. Over the period under review, average import prices hit record highs at less than $0.1 per thousand units in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany (less than $0.1 per thousand units), while the price for the Netherlands (less than $0.1 per thousand units) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+20.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Insects; Live, Other than Bees in Finland (FOB) - 2022

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, with a decrease of -44.5% against the previous year. In general, the export price recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 8,107%. Over the period under review, the average export prices hit record highs at less than $0.1 per thousand units in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands (less than $0.1 per thousand units), while the average price for exports to France totaled less than $0.1 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.8%).

Imports of Insects; Live, Other than Bees in Finland

Insects; live, other than bees imports into Finland soared to 202B units in 2022, jumping by 29% compared with 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, insects; live, other than bees imports soared to $3M in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 57%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Insects; Live, Other than Bees to Finland in 2022:

1. Netherlands (87.7B units)
2. Belgium (51.2B units)
3. Denmark (29.7B units)
4. Italy (23.3B units)
5. Germany (9.3B units)
6. France (0.4B units)

Exports of Insects; Live, Other than Bees in Finland

In 2022, shipments abroad of insects; live, other than beeses decreased by -54.9% to 23M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports faced a deep contraction. The exports peaked at 52M units in 2021, and then reduced rapidly in the following year.

In value terms, insects; live, other than bees exports fell remarkably to $5 in 2022. Over the period under review, exports faced a dramatic curtailment. Over the period under review, the exports attained the maximum at $64 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Insects; Live, Other than Bees from Finland in 2022:

1. France (21.6M units)
2. Netherlands (1.7M units)

Source: IndexBox Market Intelligence Platform