Insects; Live, Bees Price in Kuwait - 2022

Contents:

1. Insects; Live, Bees Price in Kuwait (CIF) - 2022
2. Insects; Live, Bees Price in Kuwait (FOB) - 2022
3. Insects; Live, Bees Imports in Kuwait
4. Insects; Live, Bees Exports in Kuwait

Insects; Live, Bees Price in Kuwait (CIF) - 2022

The average insects; live, bees import price stood at $0.2 per unit in 2022, reducing by -3.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 19%. As a result, import price reached the peak level of $0.2 per unit. From 2015 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to -0.2% per year.

Insects; Live, Bees Price in Kuwait (FOB) - 2022

In 2022, the average insects; live, bees export price amounted to $0.3 per unit, rising by 8.9% against the previous year. Over the period under review, the export price recorded a resilient increase. The growth pace was the most rapid in 2020 an increase of 36% against the previous year. As a result, the export price reached the peak level of $0.3 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +12.9% per year.

Insects; Live, Bees Imports in Kuwait

In 2022, the amount of insects; live, beeses imported into Kuwait contracted to 14M units, falling by -14% against 2021. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. As a result, imports reached the peak of 17M units, and then dropped in the following year.

In value terms, insects; live, bees imports dropped dramatically to $2.4M in 2022. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +2.7% 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 +26.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of $3M, and then dropped significantly in the following year.

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

1. Egypt (14.1M units)

Insects; Live, Bees Exports in Kuwait

After two years of decline, shipments abroad of insects; live, beeses increased by 60% to 1.1M units in 2022. In general, exports, however, saw a dramatic contraction. Over the period under review, the exports hit record highs at 2.4M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, insects; live, bees exports skyrocketed to $311K in 2022. Overall, exports, however, continue to indicate a deep downturn. Over the period under review, the exports attained the maximum at $530K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Qatar (1.1M units)

Source: IndexBox Market Intelligence Platform