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

Contents:

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

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Spain (less than $0.1 per thousand units), while the price for the Netherlands (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 Belgium (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, picking up by 60% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 256% against the previous year. Over the period under review, the average export prices reached the maximum at less than $0.1 per thousand units in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($0.8 per thousand units), while the average price for exports to Belgium (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 Greece (+748.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Insects; Live, Other than Bees in Italy

After two years of decline, overseas purchases of insects; live, other than beeses increased by 17% to 1,358B units in 2022. In general, imports, however, showed a noticeable slump. Imports peaked at 1,474B units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, insects; live, other than bees imports soared to $9.3M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

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

1. Netherlands (1240.5B units)
2. Spain (48.7B units)

Exports of Insects; Live, Other than Bees in Italy

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 -42.6% to 81B units. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 538%. As a result, the exports reached the peak of 141B units, and then contracted sharply in the following year.

In value terms, insects; live, other than bees exports dropped to $2M in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 425% against the previous year. Over the period under review, the exports attained the maximum at $2.1M in 2021, and then reduced in the following year.

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

1. Germany (31.7B units)
2. Hungary (27.3B units)
3. France (15.5B units)
4. Belgium (3.0B units)
5. Greece (0.3B units)
6. Portugal (0.2B units)
7. Russia (0.2B units)
8. United Kingdom (0.1B units)

Source: IndexBox Market Intelligence Platform