Price for Insects; Live, Other than Bees in Singapore - 2023
Contents:
- Price for Insects; Live, Other than Bees in Singapore (CIF) - 2022
- Imports of Insects; Live, Other than Bees in Singapore
Price for Insects; Live, Other than Bees in Singapore (CIF) - 2022
In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2017 an increase of 45% against the previous year. As a result, import price attained the peak level of less than $0.1 per thousand units. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia (less than $0.1 per thousand units) and the United States (less than $0.1 per thousand units), while the price for the Philippines (less than $0.1 per thousand units) and Australia (less than $0.1 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Insects; Live, Other than Bees in Singapore
In 2022, insects; live, other than bees imports into Singapore skyrocketed to 7.2B units, jumping by 27% against 2021 figures. In general, imports, however, continue to indicate a abrupt decline. Imports peaked at 13B units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, insects; live, other than bees imports soared to $125K in 2022. Over the period under review, imports, however, faced a drastic downturn. Over the period under review, imports attained the maximum at $205K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Insects; Live, Other than Bees in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 135 | 57.2 | 48.4 | 103 | -8.6% |
| Philippines | 33.1 | 9.6 | 12.9 | 8.2 | -37.2% |
| Australia | N/A | N/A | 0.2 | 6.9 | 3350.0% |
| United States | 5.4 | 5.3 | 4.8 | 6.6 | 6.9% |
| Indonesia | 26.8 | 17.5 | 14.6 | N/A | -26.2% |
| Israel | 3.4 | 12.8 | 6.5 | N/A | 38.3% |
| Others | 1.2 | 0.8 | 1.6 | 0.3 | -37.0% |
| Total | 205 | 103 | 89.0 | 125 | -15.2% |
Top Suppliers of Insects; Live, Other than Bees to Singapore in 2022:
- Malaysia (5.8B units)
- Philippines (0.6B units)
- Australia (0.4B units)
- United States (0.4B units)
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