Price for Insects; Live, Other than Bees in Ecuador - 2022

Contents:

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

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

The average export price for insects; live, other than beeses stood at $0.1 per thousand units in 2022, waning by -20.8% against the previous year. In general, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 152% against the previous year. The export price peaked at $0.2 per thousand units in 2020; however, from 2021 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 the United States ($0.3 per thousand units), while the average price for exports to the Netherlands ($0.2 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+30.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, surging by 7% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 29%. As a result, import price attained the peak level of less than $0.1 per thousand units. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands (less than $0.1 per thousand units), while the price for Brazil amounted to less than $0.1 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%).

Exports of Insects; Live, Other than Bees in Ecuador

In 2022, exports of insects; live, other than beeses from Ecuador shrank to 3.2B units, waning by -5.5% compared with 2021. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year. Over the period under review, the exports attained the maximum at 5.2B units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, insects; live, other than bees exports dropped significantly to $473K in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 101%. As a result, the exports reached the peak of $632K, and then dropped dramatically in the following year.

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

1. United States (771.8M units)
2. United Kingdom (505.7M units)
3. Netherlands (503.6M units)

Imports of Insects; Live, Other than Bees in Ecuador

In 2022, overseas purchases of insects; live, other than beeses were finally on the rise to reach 2.7B units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a precipitous decline. Over the period under review, imports attained the maximum at 8.2B units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, insects; live, other than bees imports soared to $54K in 2022. In general, imports, however, continue to indicate a sharp slump. Over the period under review, imports attained the maximum at $170K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. Netherlands (1005.7M units)
2. Brazil (188.5M units)

Source: IndexBox Market Intelligence Platform