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

Contents:

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

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, waning by -10.8% against the previous year. Overall, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $0.1 per thousand units. From 2014 to 2022, 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 the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to -16.4% per year.

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

In 2022, the average export price for insects; live, other than beeses amounted to less than $0.1 per thousand units, falling by -42.9% against the previous year. Over the period under review, the export price recorded a sharp decline. The most prominent rate of growth was recorded in 2019 when the average export price decreased by -23% against the previous year. Over the period under review, the average export prices reached the peak figure at $0.1 per thousand units in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to -6.0% per year.

Imports of Insects; Live, Other than Bees in Guatemala

In 2022, approx. 7.6B units of insects; live, other than beeses were imported into Guatemala; picking up by 27% on 2021. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, other than bees imports rose significantly to $177K in 2022. The total import value increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 17%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Netherlands (7.6B units)

Exports of Insects; Live, Other than Bees in Guatemala

In 2022, after three years of growth, there was significant decline in overseas shipments of insects; live, other than beeses, when their volume decreased by -71.3% to 68M units. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 915%. Over the period under review, the exports hit record highs at 236M units in 2021, and then reduced notably in the following year.

In value terms, insects; live, other than bees exports reduced dramatically to $961 in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 344% against the previous year. Over the period under review, the exports attained the peak figure at $5.9K in 2021, and then reduced markedly in the following year.

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

1. Honduras (67.6M units)

Source: IndexBox Market Intelligence Platform