Shrimp Price in Finland - 2023
Contents:
- Shrimp Price in Finland (CIF) - 2023
- Shrimp Price in Finland (FOB) - 2022
- Shrimp Imports in Finland
- Shrimp Exports in Finland
Shrimp Price in Finland (CIF) - 2023
The average shrimp import price stood at $10,961 per ton in May 2023, falling by -4% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 12% m-o-m. The import price peaked at $11,413 per ton in April 2023, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Sweden ($12,218 per ton), while the price for Vietnam ($7,980 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Sweden (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Finland (FOB) - 2022
In 2022, the average shrimp export price amounted to $13,132 per ton, increasing by 45% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decrease. The export price peaked at $25,465 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Estonia ($13,485 per ton) and Japan ($13,405 per ton), while the average price for exports to Sweden ($10,750 per ton) and Norway ($10,834 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-1.1%), while the prices for the other major destinations experienced a decline.
Shrimp Imports in Finland
In 2022, the amount of shrimps imported into Finland fell to 2.5K tons, with a decrease of -10.1% against the previous year's figure. Over the period under review, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year.
In value terms, shrimp imports fell to $27M in 2022. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 9.4% against the previous year.
| Import of Shrimp in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 15.0 | 9.4 | 10.1 | 8.7 | -16.6% |
| Denmark | 4.3 | 6.3 | 6.5 | 5.5 | 8.6% |
| Sweden | 3.5 | 4.3 | 5.0 | 5.2 | 14.1% |
| Netherlands | 0.4 | 2.2 | 3.5 | 3.2 | 100.0% |
| Belgium | 0.6 | 1.1 | 1.5 | 2.2 | 54.2% |
| Germany | 0.7 | 1.6 | 1.7 | 1.1 | 16.3% |
| Vietnam | 3.6 | 1.2 | 0.4 | 0.8 | -39.4% |
| Others | 3.1 | 0.8 | 0.7 | 0.8 | -36.3% |
| Total | 31.2 | 26.8 | 29.4 | 27.4 | -4.2% |
Top Suppliers of Shrimp to Finland in 2022:
- Norway (842.7 tons)
- Denmark (478.6 tons)
- Sweden (468.6 tons)
- Netherlands (287.4 tons)
- Belgium (191.0 tons)
- Germany (111.3 tons)
- Vietnam (50.6 tons)
Shrimp Exports in Finland
In 2022, approx. 4.7 tons of shrimps were exported from Finland; with a decrease of -58.4% compared with the previous year. Overall, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2021 when exports increased by 72% against the previous year. As a result, the exports attained the peak of 11 tons, and then declined significantly in the following year.
In value terms, shrimp exports dropped sharply to $62K in 2022. In general, exports recorded a significant contraction. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year.
| Export of Shrimp in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 58.5 | 74.2 | 66.2 | 52.7 | -3.4% |
| Norway | 69.0 | 8.8 | 23.1 | 6.7 | -54.0% |
| Japan | 1.1 | 1.2 | 1.1 | 2.2 | 26.0% |
| Lithuania | N/A | N/A | 11.3 | N/A | 0% |
| Others | 22.6 | N/A | 1.6 | 0.4 | -73.9% |
| Total | 151 | 84.1 | 103 | 62.1 | -25.6% |
Top Export Markets for Shrimp from Finland in 2022:
- Estonia (3.9 tons)
- Norway (0.6 tons)
- Japan (0.2 tons)
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