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

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

In 2022, the average export price for insects; live, other than beeses amounted to less than $0.1 per thousand units, remaining constant against the previous year. Over the period under review, the export price recorded a precipitous decline. The pace of growth appeared the most rapid in 2019 an increase of 8.6%. As a result, the export price reached the peak level of less than $0.1 per thousand units. From 2020 to 2022, the average export prices failed to regain momentum.

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

From 2018 to 2022, the rate of growth in terms of prices for Thailand amounted to +8.7% per year.

Exports of Insects; Live, Other than Bees in Myanmar

In 2022, after two years of decline, there was decline in overseas shipments of insects; live, other than beeses, when their volume decreased by 0% to 32M units. Over the period under review, exports continue to indicate a abrupt decrease. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs at 52M 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 stood at $100 in 2022. In general, exports faced a sharp reduction. The smallest decline of 99.9% was in 2020. The exports peaked at $969 in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.