Price for Insects; Live, Other than Bees in Bulgaria - 2023

Contents:

1. Price for Insects; Live, Other than Bees in Bulgaria (CIF) - 2022
2. Price for Insects; Live, Other than Bees in Bulgaria (FOB) - 2022
3. Imports of Insects; Live, Other than Bees in Bulgaria
4. Exports of Insects; Live, Other than Bees in Bulgaria

Price for Insects; Live, Other than Bees in Bulgaria (CIF) - 2022

In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, with a decrease of -13.7% against the previous year. Over the period under review, the import price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 223% against the previous year. As a result, import price reached the peak level of $0.1 per thousand units. From 2015 to 2022, the average import prices remained at a lower figure.

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 (less than $0.1 per thousand units), while the price for France (less than $0.1 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Insects; Live, Other than Bees in Bulgaria (FOB) - 2022

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, growing by 479% against the previous year. In general, the export price, however, saw a abrupt slump. Over the period under review, the average export prices attained the maximum at $0.1 per thousand units in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Greece (less than $0.1 per thousand units), while the average price for exports to the Netherlands (less than $0.1 per thousand units) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+232.0%), while the prices for the other major destinations experienced a decline.

Imports of Insects; Live, Other than Bees in Bulgaria

In 2022, supplies from abroad of insects; live, other than beeses decreased by -68.1% to 6.3B units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 140%. As a result, imports reached the peak of 20B units, and then reduced sharply in the following year.

In value terms, insects; live, other than bees imports contracted sharply to $142K in 2022. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 89% against the previous year. Imports peaked at $517K in 2021, and then shrank rapidly in the following year.

Top Suppliers of Insects; Live, Other than Bees to Bulgaria in 2022:

1. Spain (3.5B units)
2. Netherlands (1.7B units)
3. France (0.8B units)
4. Greece (0.3B units)

Exports of Insects; Live, Other than Bees in Bulgaria

In 2022, the amount of insects; live, other than beeses exported from Bulgaria skyrocketed to 243M units, surging by 56% against 2021. In general, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports reached the maximum at 311M units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, insects; live, other than bees exports skyrocketed to $4.6K in 2022. Over the period under review, exports, however, faced a sharp descent. The exports peaked at $8.7K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Insects; Live, Other than Bees from Bulgaria in 2022:

1. France (167.5M units)
2. Netherlands (72.4M units)
3. Greece (3.3M units)

Source: IndexBox Market Intelligence Platform