Price for Insects; Live, Other than Bees in Slovakia - 2023
Contents:
- Price for Insects; Live, Other than Bees in Slovakia (CIF) - 2022
- Price for Insects; Live, Other than Bees in Slovakia (FOB) - 2022
- Imports of Insects; Live, Other than Bees in Slovakia
- Exports of Insects; Live, Other than Bees in Slovakia
Price for Insects; Live, Other than Bees in Slovakia (CIF) - 2022
The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, surging by 90% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 129%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium (less than $0.1 per thousand units), while the price for the Czech Republic (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 attained by Lithuania (+155.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insects; Live, Other than Bees in Slovakia (FOB) - 2022
The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, with an increase of 18% against the previous year. Over the period under review, export price indicated a resilient expansion from 2016 to 2022: its price increased at an average annual rate of +14.8% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, insects; live, other than bees export price increased by +9.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($0.1 per thousand units), while the average price for exports to the Czech Republic (less than $0.1 per thousand units) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+114.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Insects; Live, Other than Bees in Slovakia
In 2022, purchases abroad of insects; live, other than beeses decreased by -20.3% to 27B units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 95%. Imports peaked at 33B units in 2021, and then shrank markedly in the following year.
In value terms, insects; live, other than bees imports surged to $422K in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Insects; Live, Other than Bees in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 59.3 | 66.2 | 131 | 194 | 48.5% |
| Netherlands | 5.7 | N/A | N/A | 181 | 216.7% |
| Czech Republic | 15.4 | 103 | 143 | 22.4 | 13.3% |
| Lithuania | N/A | N/A | 1.5 | 14.3 | 853.3% |
| United Kingdom | 0.7 | 1.5 | 0.5 | 7.9 | 124.3% |
| Others | 13.6 | 4.5 | 2.2 | 2.2 | -45.5% |
| Total | 94.8 | 175 | 278 | 422 | 64.5% |
Top Suppliers of Insects; Live, Other than Bees to Slovakia in 2022:
- Belgium (11.6B units)
- Netherlands (11.2B units)
- Czech Republic (2.3B units)
- Lithuania (0.9B units)
- United Kingdom (0.5B units)
Exports of Insects; Live, Other than Bees in Slovakia
For the third consecutive year, Slovakia recorded decline in overseas shipments of insects; live, other than beeses, which decreased by -14.6% to 32B units in 2022. Overall, exports faced a precipitous decline. The exports peaked at 94B units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, insects; live, other than bees exports amounted to $199K in 2022. In general, exports saw a precipitous setback. Over the period under review, the exports hit record highs at $391K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Insects; Live, Other than Bees in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 117 | 0% |
| Croatia | 121 | 90.5 | 61.7 | 40.9 | -30.3% |
| Serbia | 92.3 | 41.2 | 32.9 | 18.1 | -41.9% |
| Slovenia | N/A | N/A | 7.0 | 13.6 | 94.3% |
| North Macedonia | 79.0 | 25.6 | N/A | 5.0 | -60.1% |
| Czech Republic | 5.1 | 94.3 | 93.4 | 2.2 | -24.4% |
| Ukraine | 92.2 | 8.8 | N/A | 1.5 | -74.7% |
| Others | 1.2 | 0.3 | 3.0 | 0.3 | -37.0% |
| Total | 391 | 261 | 198 | 199 | -20.2% |
Top Export Markets for Insects; Live, Other than Bees from Slovakia in 2022:
- Spain (25.0B units)
- Serbia (3.4B units)
- Slovenia (1.2B units)
- Croatia (1.2B units)
- Czech Republic (0.7B units)
- North Macedonia (0.7B units)
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