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

Contents:

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

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, jumping by 41% against the previous year. Overall, the import price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at less than $0.1 per thousand units in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat 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 amounted to less than $0.1 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.5%).

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

In 2022, the average export price for insects; live, other than beeses amounted to less than $0.1 per thousand units, dropping by 99.9% against the previous year. Overall, the export price faced a sharp setback. The most prominent rate of growth was recorded in 2015 a decrease of -11%. Over the period under review, the average export prices attained the peak figure at less than $0.1 per thousand units in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to -25.4% per year.

Imports of Insects; Live, Other than Bees in Portugal

In 2022, overseas purchases of insects; live, other than beeses decreased by -56.8% to 70B units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 228%. As a result, imports reached the peak of 162B units, and then shrank dramatically in the following year.

In value terms, insects; live, other than bees imports dropped sharply to $1.9M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 241%. As a result, imports attained the peak of $3.1M, and then plummeted in the following year.

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

1. Spain (66.0B units)
2. Netherlands (3.4B units)

Exports of Insects; Live, Other than Bees in Portugal

After two years of decline, overseas shipments of insects; live, other than beeses increased by 161% to 3.1B units in 2022. Over the period under review, exports, however, recorded a sharp decline. Over the period under review, the exports attained the maximum at 6.6B 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 declined rapidly to $4 in 2022. Overall, exports, however, continue to indicate a sharp decrease. The smallest decline of -72% was in 2020. Over the period under review, the exports attained the peak figure at $277K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. United States (3.1B units)

Source: IndexBox Market Intelligence Platform