Price for Insects; Live, Other than Bees in Hong Kong SAR - 2023

Contents:

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

Price for Insects; Live, Other than Bees in Hong Kong SAR (CIF) - 2022

In 2021, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, jumping by 82% against the previous year. Overall, the import price, however, faced a abrupt contraction. Over the period under review, average import prices reached the maximum at less than $0.1 per thousand units in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States (less than $0.1 per thousand units), while the price for China totaled less than $0.1 per thousand units.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-18.1%).

Price for Insects; Live, Other than Bees in Hong Kong SAR (FOB) - 2022

The average export price for insects; live, other than beeses stood at $0.1 per thousand units in 2022, remaining constant against the previous year. In general, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 53%. Over the period under review, the average export prices attained the maximum at $0.3 per thousand units in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($0.1 per thousand units), while the average price for exports to China stood at $0.1 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+394.7%), while the prices for the other major destinations experienced a decline.

Imports of Insects; Live, Other than Bees in Hong Kong SAR

In 2022, supplies from abroad of insects; live, other than beeses decreased by 99.9% to 16M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 170%. As a result, imports reached the peak of 63B units, and then plummeted in the following year.

In value terms, insects; live, other than bees imports dropped significantly to $5K in 2022. In general, imports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 392%. As a result, imports attained the peak of $151K, and then shrank markedly in the following year.

Top Suppliers of Insects; Live, Other than Bees to Hong Kong SAR in 2022:

Exports of Insects; Live, Other than Bees in Hong Kong SAR

In 2022, approx. 18M units of insects; live, other than beeses were exported from Hong Kong SAR; dropping by -44.7% on the previous year. In general, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 845%. Over the period under review, the exports reached the maximum at 45M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, insects; live, other than bees exports contracted notably to $2.1K in 2022. Overall, exports saw a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 835% against the previous year. Over the period under review, the exports attained the maximum at $4.9K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Insects; Live, Other than Bees from Hong Kong SAR in 2022:

1. Germany (14.5M units)
2. China (3.7M units)

Source: IndexBox Market Intelligence Platform