Price for Insects; Live, Other than Bees in India - 2023
Contents:
- Price for Insects; Live, Other than Bees in India (CIF) - 2022
- Price for Insects; Live, Other than Bees in India (FOB) - 2022
- Imports of Insects; Live, Other than Bees in India
- Exports of Insects; Live, Other than Bees in India
Price for Insects; Live, Other than Bees in India (CIF) - 2022
In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, surging by 8.5% against the previous year. Overall, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 28%. As a result, import price reached 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 China (less than $0.1 per thousand units), while the price for Austria (less than $0.1 per thousand units) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insects; Live, Other than Bees in India (FOB) - 2022
In 2022, the average export price for insects; live, other than beeses amounted to less than $0.1 per thousand units, declining by -26.6% against the previous year. Overall, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 263%. As a result, the export price attained the peak level of $0.1 per thousand units. From 2017 to 2022, the average export prices remained at a 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 Ireland (less than $0.1 per thousand units), while the average price for exports to Canada (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 recorded for supplies to the United Arab Emirates (+23.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Insects; Live, Other than Bees in India
In 2022, purchases abroad of insects; live, other than beeses was finally on the rise to reach 238M units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a dramatic decrease. Imports peaked at 551M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, insects; live, other than bees imports skyrocketed to $4.1K in 2022. Overall, imports, however, faced a sharp curtailment. Over the period under review, imports reached the maximum at $9.9K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Insects; Live, Other than Bees in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 1.7 | 0.7 | 3.6 | 81.7% |
| China | N/A | N/A | N/A | 0.4 | 0% |
| Belgium | 3.3 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 2.3 | 2.8 | 1.6 | N/A | -16.6% |
| Israel | 0.3 | 0.8 | 0.3 | N/A | 0.0% |
| Others | 3.4 | 0.3 | 0.1 | 0.2 | -61.1% |
| Total | 9.9 | 5.7 | 2.8 | 4.1 | -25.5% |
Top Suppliers of Insects; Live, Other than Bees to India in 2022:
- United States (224.4M units)
- China (9.3M units)
Exports of Insects; Live, Other than Bees in India
Insects; live, other than bees exports from India contracted markedly to 22M units in 2022, waning by -98.7% against 2021 figures. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 6,243%. Over the period under review, the exports attained the peak figure at 17B units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, insects; live, other than bees exports shrank dramatically to $166 in 2022. In general, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4,870%. Over the period under review, the exports hit record highs at $123K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Insects; Live, Other than Bees in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 0.7 | 0.2 | 0.2 | 0.1 | -47.7% |
| South Korea | 0.1 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 121 | N/A | N/A | N/A | 0% |
| Oman | N/A | N/A | 16.7 | N/A | 0% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | 1.0 | 0.1 | N/A | 0.1 | -53.6% |
| Total | 123 | 0.3 | 16.9 | 0.2 | -88.2% |
Top Export Markets for Insects; Live, Other than Bees from India in 2022:
- Ireland (2.2M units)
- South Korea (2.0M units)
- Canada (0.3M units)
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