Insects; Live, Bees Price in Latvia - 2023

Contents:

1. Insects; Live, Bees Price in Latvia (CIF) - 2022
2. Insects; Live, Bees Price in Latvia (FOB) - 2022
3. Insects; Live, Bees Imports in Latvia
4. Insects; Live, Bees Exports in Latvia

Insects; Live, Bees Price in Latvia (CIF) - 2022

The average insects; live, bees import price stood at $29 per unit in 2022, approximately reflecting the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2020 an increase of 16% against the previous year. As a result, import price attained the peak level of $36 per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for Belgium amounted to +2.4% per year.

Insects; Live, Bees Price in Latvia (FOB) - 2022

In 2022, the average insects; live, bees export price amounted to $52 per unit, which is down by -2.7% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2020 an increase of 108%. The export price peaked at $53 per unit in 2021, and then dropped slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2017 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +19.2% per year.

Insects; Live, Bees Imports in Latvia

For the third year in a row, Latvia recorded decline in purchases abroad of insects; live, beeses, which decreased by -18.7% to 582 units in 2022. Overall, imports recorded a abrupt decline. The smallest decline of -6.7% was in 2020. Imports peaked at 857 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, insects; live, bees imports shrank rapidly to $17K in 2022. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 8.6% against the previous year. As a result, imports reached the peak of $29K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Insects; Live, Bees to Latvia in 2022:

1. Belgium (582.0 units)

Insects; Live, Bees Exports in Latvia

For the third consecutive year, Latvia recorded decline in shipments abroad of insects; live, beeses, which decreased by -42.6% to 31 units in 2022. Over the period under review, exports recorded a significant contraction. The exports peaked at 947 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, insects; live, bees exports fell rapidly to $1.6K in 2022. In general, exports saw a dramatic decline. The smallest decline of -14.7% was in 2020. The exports peaked at $16K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Insects; Live, Bees from Latvia in 2022:

1. Netherlands (31.0 units)

Source: IndexBox Market Intelligence Platform