Insects; Live, Bees Price in Guatemala - 2023
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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.
Import of Insects; Live, Bees in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 162 | 203 | 180 | 155 | -1.5% |
Canada | N/A | N/A | 27.3 | 106 | 288.3% |
Others | 2.2 | N/A | 2.7 | N/A | 10.8% |
Total | 164 | 203 | 210 | 261 | 16.8% |
Top Suppliers of Insects; Live, Bees to Guatemala in 2022:
- Mexico (7.8K units)
- Canada (5.3K units)
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