Insects; Live, Bees Price in Portugal - 2023

Contents:

1. Insects; Live, Bees Price in Portugal (CIF) - 2023
2. Insects; Live, Bees Price in Portugal (FOB) - 2022
3. Insects; Live, Bees Imports in Portugal
4. Insects; Live, Bees Exports in Portugal

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

The average insects; live, bees import price stood at $266 per thousand units in June 2023, waning by -7.7% against the previous month. Overall, the import price, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 154% m-o-m. As a result, import price attained the peak level of $0.4 per unit. From January 2023 to June 2023, 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 Spain.

From June 2022 to June 2023, the rate of growth in terms of prices for Spain amounted to +1.6% per month.

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

In 2022, the average insects; live, bees export price amounted to $0.5 per unit, remaining relatively unchanged against the previous year. In general, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 77% against the previous year. As a result, the export price reached the peak level of $1.1 per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($1.8 per unit), while the average price for exports to the Netherlands totaled $0.4 per unit.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.1%).

Insects; Live, Bees Imports in Portugal

Insects; live, bees imports into Portugal soared to 2.2M units in 2022, rising by 41% compared with 2021. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, bees imports rose markedly to $500K in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. United Kingdom (undefinedM units)
2. Spain (2.2M units)

Insects; Live, Bees Exports in Portugal

In 2022, the amount of insects; live, beeses exported from Portugal was estimated at 3.2K units, standing approx. at 2021. Over the period under review, exports saw a precipitous slump. The smallest decline of 99.9% was in 2021. The exports peaked at 5.4K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, insects; live, bees exports totaled $1.6K in 2022. In general, exports faced a sharp reduction. The smallest decline of 99.9% was in 2021. The exports peaked at $3.1K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

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

1. Netherlands (3.1K units)
2. Spain (0.1K units)

Source: IndexBox Market Intelligence Platform