Insects; Live, Bees Price in Canada - 2023

Contents:

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

Insects; Live, Bees Price in Canada (CIF) - 2023

In June 2023, the average insects; live, bees import price amounted to $28.5 per unit, flattening at the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 189% against the previous month. As a result, import price attained the peak level of $65.4 per unit. From April 2023 to June 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($29.4 per unit), while the price for Ukraine ($21.8 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In June 2023, the average insects; live, bees export price amounted to $345 per thousand units, growing by 27% against the previous month. In general, the export price recorded temperate growth. The pace of growth was the most pronounced in January 2023 an increase of 408% month-to-month. Over the period under review, the average export prices reached the peak figure at $1.3 per unit in February 2023; however, from March 2023 to June 2023, the export prices failed to regain momentum.

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

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +2.7% per month.

Insects; Live, Bees Imports in Canada

Insects; live, bees imports into Canada surged to 16M units in 2022, picking up by 104% on the previous year. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, bees imports surged to $16M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +61.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. New Zealand (5.5M units)
2. United States (5.3M units)
3. Australia (2.6M units)
4. Italy (1.1M units)
5. Ukraine (0.7M units)
6. Chile (0.6M units)

Insects; Live, Bees Exports in Canada

In 2022, the amount of insects; live, beeses exported from Canada surged to 16M units, growing by 57% compared with 2021 figures. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, insects; live, bees exports surged to $13M in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 124%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

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

1. United States (16.3M units)

Source: IndexBox Market Intelligence Platform