Insects; Live, Bees Price in Sri Lanka - 2022

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

The average insects; live, bees export price stood at $3.5 per unit in 2022, standing approx. at the previous year. Over the period under review, the export price posted significant growth. The pace of growth appeared the most rapid in 2021 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2020 to 2022, the rate of growth in terms of prices for Maldives amounted to +152.3% per year.

Insects; Live, Bees Exports in Sri Lanka

In 2022, approx. 2 units of insects; live, beeses were exported from Sri Lanka; remaining constant against the previous year's figure. In general, exports continue to indicate a sharp shrinkage. The smallest decline of 99.9% was in 2021. The exports peaked at 480 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, insects; live, bees exports stood at $7 in 2022. Over the period under review, exports faced a sharp slump. The smallest decline of 99.9% was in 2021. Over the period under review, the exports hit record highs at $264 in 2020; however, from 2021 to 2022, the exports failed to regain momentum.