Price for Insects; Live, Other than Bees in China - 2023
Contents:
- Price for Insects; Live, Other than Bees in China (CIF) - 2022
- Price for Insects; Live, Other than Bees in China (FOB) - 2022
- Imports of Insects; Live, Other than Bees in China
- Exports of Insects; Live, Other than Bees in China
Price for Insects; Live, Other than Bees in China (CIF) - 2022
In 2022, the average import price for insects; live, other than beeses amounted to $0.1 per thousand units, increasing by 15% against the previous year. Over the period under review, the import price showed strong growth. The pace of growth was the most pronounced in 2013 an increase of 74%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Switzerland ($0.2 per thousand units), while the price for Austria ($0.1 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insects; Live, Other than Bees in China (FOB) - 2022
The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, jumping by 28% against the previous year. Over the period under review, the export price posted significant growth. The growth pace was the most rapid in 2020 an increase of 361% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.1 per thousand units), while the average price for exports to Hong Kong SAR (less than $0.1 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+203.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Insects; Live, Other than Bees in China
In 2022, supplies from abroad of insects; live, other than beeses decreased by -7.2% to 889M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 129%. As a result, imports reached the peak of 958M units, and then contracted in the following year.
In value terms, insects; live, other than bees imports expanded markedly to $126K in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 138%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Insects; Live, Other than Bees in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.5 | 38.2 | 94.6 | 112 | 46.7% |
| Austria | 2.6 | 6.7 | 15.5 | 7.6 | 43.0% |
| Germany | 0.7 | 0.2 | 0.3 | 2.4 | 50.8% |
| Others | 3.4 | 4.1 | 7.1 | 3.8 | 3.8% |
| Total | 42.2 | 49.3 | 117 | 126 | 44.0% |
Top Suppliers of Insects; Live, Other than Bees to China in 2022:
- United States (727.1M units)
- Austria (124.0M units)
- Germany (18.8M units)
Exports of Insects; Live, Other than Bees in China
In 2022, exports of insects; live, other than beeses from China shrank to 6.5B units, waning by -14.7% against the year before. Over the period under review, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 66%. Over the period under review, the exports attained the peak figure at 73B units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, insects; live, other than bees exports expanded markedly to $51K in 2022. In general, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Over the period under review, the exports hit record highs at $113K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Insects; Live, Other than Bees in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 34.6 | 30.3 | 43.4 | 31.5 | -3.1% |
| Japan | 4.1 | 2.3 | 2.6 | 14.4 | 52.0% |
| Belgium | 73.9 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.1 | 0.7 | 5.2 | 135.1% |
| Total | 113 | 32.7 | 46.7 | 51.1 | -23.2% |
Top Export Markets for Insects; Live, Other than Bees from China in 2022:
- Hong Kong SAR (6.2B units)
- Japan (0.2B units)
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