Insects; Live, Bees Price in Singapore - 2022

Contents:

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

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

In 2022, the average insects; live, bees import price amounted to $0.4 per unit, remaining stable against the previous year. Over the period under review, the import price recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when the average import price decreased by 99.9%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($0.4 per unit), while the price for Brazil stood at $0.1 per unit.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+40.9%).

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

In 2020, the average insects; live, bees export price amounted to $0.2 per unit, surging by 6.6% against the previous year. Over the period from 2019 to 2020, it increased at an average annual rate of +6.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2019 to 2020, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.

Insects; Live, Bees Imports in Singapore

Insects; live, bees imports into Singapore stood at 2.2K units in 2022, standing approx. at the previous year. Overall, imports saw a sharp decrease. The smallest decline of 99.9% was in 2021. Over the period under review, imports hit record highs at 25K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, insects; live, bees imports soared to $891 in 2022. Over the period under review, imports faced a sharp decline. Over the period under review, imports attained the peak figure at $7K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. Netherlands (1117.0 units)
2. Brazil (3.0 units)

Insects; Live, Bees Exports in Singapore

Insects; live, bees exports from Singapore surged to 18K units in 2020, rising by 17% compared with 2019. The total export volume increased at an average annual rate of +16.8% from 2019 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, bees exports soared to $3.4K in 2020. The total export value increased at an average annual rate of +24.6% over the period from 2019 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Malaysia (18.4K units)

Source: IndexBox Market Intelligence Platform