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

Contents:

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

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

In 2022, the average export price for insects; live, other than beeses amounted to $0.2 per thousand units, picking up by 591% against the previous year. Over the period under review, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($25 per thousand units), while the average price for exports to the Netherlands amounted to less than $0.1 per thousand units.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+274.6%).

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

The average import price for insects; live, other than beeses stood at $0.1 per thousand units in 2022, increasing by 125% against the previous year. In general, the import price recorded significant growth. The import price peaked at $0.1 per thousand units in 2015; however, from 2016 to 2022, import prices stood 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 Italy ($3 per thousand units), while the price for Belarus (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 Belgium (+366.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Insects; Live, Other than Bees in Lithuania

In 2022, shipments abroad of insects; live, other than beeses was finally on the rise to reach 2.3B units after two years of decline. Over the period under review, exports, however, showed a precipitous decrease. Over the period under review, the exports hit record highs at 19B units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, insects; live, other than bees exports skyrocketed to $515K in 2022. In general, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (2268.2M units)
2. Estonia (2.5M units)

Imports of Insects; Live, Other than Bees in Lithuania

In 2022, approx. 5.1B units of insects; live, other than beeses were imported into Lithuania; jumping by 22% on the previous year. In general, imports, however, faced a precipitous curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at 28B units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, insects; live, other than bees imports surged to $470K in 2022. Overall, imports enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 184%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Belarus (4.7B units)
2. Belgium (0.3B units)
3. Italy (0.1B units)

Source: IndexBox Market Intelligence Platform