Price for Insects; Live, Other than Bees in Norway - 2022

Contents:

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

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

In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, with a decrease of -16.8% against the previous year. In general, the import price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of less than $0.1 per thousand units. From 2014 to 2022, the average import prices remained at a somewhat 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 Belgium (less than $0.1 per thousand units), while the price for Sweden (less than $0.1 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for insects; live, other than beeses amounted to $0.2 per thousand units, picking up by 38% against the previous year. Over the period under review, the export price recorded a resilient increase. The growth pace was the most rapid in 2020 an increase of 81% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($0.3 per thousand units), while the average price for exports to Denmark ($0.1 per thousand units) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+15.4%), while the prices for the other major destinations experienced a decline.

Imports of Insects; Live, Other than Bees in Norway

In 2022, insects; live, other than bees imports into Norway rose to 132B units, growing by 4.7% on 2021. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, insects; live, other than bees imports shrank to $1.9M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. Over the period under review, imports hit record highs at $2.2M in 2021, and then declined in the following year.

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

1. Denmark (43.8B units)
2. Netherlands (30.8B units)
3. Sweden (26.3B units)
4. France (23.4B units)
5. Belgium (6.1B units)

Exports of Insects; Live, Other than Bees in Norway

In 2022, shipments abroad of insects; live, other than beeses decreased by -76.5% to 68M units, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 775%. As a result, the exports reached the peak of 366M units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, insects; live, other than bees exports reduced markedly to $14K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,479% against the previous year. As a result, the exports attained the peak of $46K. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. Canada (45.1M units)
2. Sweden (12.9M units)
3. Denmark (9.7M units)

Source: IndexBox Market Intelligence Platform