Insects; Live, Bees Price in Slovakia - 2023

Contents:

1. Insects; Live, Bees Price in Slovakia (FOB) - 2023
2. Insects; Live, Bees Price in Slovakia (CIF) - 2022
3. Insects; Live, Bees Exports in Slovakia
4. Insects; Live, Bees Imports in Slovakia

Insects; Live, Bees Price in Slovakia (FOB) - 2023

In June 2023, the average insects; live, bees export price amounted to $114 per thousand units, declining by -6.2% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices hit record highs at $133 per thousand units in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($198 per thousand units), while the average price for exports to the Netherlands ($109 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average insects; live, bees import price amounted to $0.2 per unit, with a decrease of -8.9% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 65%. Over the period under review, average import prices attained the maximum at $0.9 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +3.2% per year.

Insects; Live, Bees Exports in Slovakia

For the fourth consecutive year, Slovakia recorded growth in shipments abroad of insects; live, beeses, which increased by 2.6% to 144M units in 2022. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 2.8% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, insects; live, bees exports amounted to $14M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 7.5% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

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

1. Netherlands (115.2M units)
2. Austria (17.2M units)
3. Russia (8.7M units)

Insects; Live, Bees Imports in Slovakia

After three years of growth, supplies from abroad of insects; live, beeses decreased by -88.1% to 35K units in 2022. Overall, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. Over the period under review, imports attained the peak figure at 296K units in 2021, and then reduced sharply in the following year.

In value terms, insects; live, bees imports reduced markedly to $7.4K in 2022. In general, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 14%. As a result, imports attained the peak of $68K, and then shrank notably in the following year.

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

1. Netherlands (0.3K units)

Source: IndexBox Market Intelligence Platform