Price for Insects; Live, Other than Bees in Ethiopia - 2022

Contents:

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

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, stabilizing at the previous year. Overall, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 3.1%. The import price peaked at $0.2 per thousand units in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands (less than $0.1 per thousand units), while the price for Kenya stood at less than $0.1 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (-18.1%).

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, dropping by -96% against the previous year. In general, the export price saw a precipitous shrinkage. Over the period under review, the average export prices hit record highs at less than $0.1 per thousand units in 2021, and then fell sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2021 to 2022, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Insects; Live, Other than Bees in Ethiopia

In 2022, approx. 4.8B units of insects; live, other than beeses were imported into Ethiopia; increasing by 81% on the previous year's figure. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 429%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, insects; live, other than bees imports surged to $111K in 2022. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 425%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Kenya (4.6B units)
2. Netherlands (0.3B units)

Exports of Insects; Live, Other than Bees in Ethiopia

Insects; live, other than bees exports from Ethiopia contracted remarkably to 322M units in 2022, which is down by -83.1% against the previous year's figure. In general, exports faced a dramatic downturn. The exports peaked at 1.9B units in 2021, and then reduced remarkably in the following year.

In value terms, insects; live, other than bees exports dropped markedly to $203 in 2022. Over the period under review, exports saw a sharp curtailment. The exports peaked at $30K in 2021, and then shrank rapidly in the following year.

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

1. Turkey (322.1M units)

Source: IndexBox Market Intelligence Platform