Insects; Live, Bees Price in Guatemala - 2023

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

In 2022, the average insects; live, bees import price amounted to $20 per unit, surging by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The import price peaked at $33 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($20 per unit), while the price for Mexico amounted to $20 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.4%).

Insects; Live, Bees Imports in Guatemala

In 2022, the amount of insects; live, beeses imported into Guatemala rose notably to 13K units, surging by 10% against 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, insects; live, bees imports soared to $261K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.