Price for Insects; Live, Other than Bees in South Africa - 2024
Contents:
- Price for Insects; Live, Other than Bees in South Africa (CIF) - 2022
- Price for Insects; Live, Other than Bees in South Africa (FOB) - 2022
- Imports of Insects; Live, Other than Bees in South Africa
- Exports of Insects; Live, Other than Bees in South Africa
Price for Insects; Live, Other than Bees in South Africa (CIF) - 2022
The average import price for insects; live, other than beeses stood at $21 per thousand units in 2022, increasing by 57% against the previous year. Overall, the import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 302% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 ($32 per thousand units), while the price for the Netherlands ($19 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insects; Live, Other than Bees in South Africa (FOB) - 2022
In 2022, the average export price for insects; live, other than beeses amounted to less than $0.1 per thousand units, falling by -1.5% against the previous year. Overall, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 8,769%. As a result, the export price attained the peak level of less than $0.1 per thousand units. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany (less than $0.1 per thousand units), while the average price for exports to Lesotho (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 Zimbabwe (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Insects; Live, Other than Bees in South Africa
In 2022, imports of insects; live, other than beeses into South Africa contracted to 58M units, reducing by -7.2% against 2021. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 4.7%. Over the period under review, imports reached the peak figure at 92M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, insects; live, other than bees imports surged to $1.3M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Insects; Live, Other than Bees in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 341 | 285 | 306 | 583 | 19.6% |
| Israel | 296 | 290 | 304 | 438 | 14.0% |
| Kenya | 299 | 199 | 122 | 99.0 | -30.8% |
| Spain | 46.7 | 35.2 | 48.3 | 72.4 | 15.7% |
| Botswana | N/A | N/A | 7.3 | N/A | 0% |
| Others | 66.2 | 97.0 | 74.8 | 60.4 | -3.0% |
| Total | 1,049 | 906 | 863 | 1,253 | 6.1% |
Top Suppliers of Insects; Live, Other than Bees to South Africa in 2022:
- Netherlands (30.2M units)
- Israel (20.1M units)
- Kenya (4.5M units)
- Spain (2.2M units)
Exports of Insects; Live, Other than Bees in South Africa
In 2022, insects; live, other than bees exports from South Africa surged to 47B units, increasing by 35% compared with 2021 figures. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 94%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, insects; live, other than bees exports surged to $786K in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 78%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Insects; Live, Other than Bees in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 22.7 | 199 | 375 | 373 | 154.2% |
| United States | 8.5 | 4.2 | 17.3 | 173 | 173.0% |
| Germany | 14.0 | 61.1 | 81.8 | 82.0 | 80.3% |
| Netherlands | 8.3 | 7.5 | 6.2 | 56.2 | 89.2% |
| Zambia | 32.3 | 16.6 | 46.0 | 53.8 | 18.5% |
| Lesotho | 1.2 | 0.8 | 7.8 | 15.5 | 134.6% |
| Zimbabwe | 1.3 | 6.8 | 22.6 | 14.9 | 125.5% |
| Botswana | 32.3 | 29.0 | 25.1 | N/A | -11.8% |
| Others | 79.5 | 5.5 | 8.0 | 17.7 | -39.4% |
| Total | 200 | 331 | 590 | 786 | 57.8% |
Top Export Markets for Insects; Live, Other than Bees from South Africa in 2022:
- Spain (23.8B units)
- United States (11.0B units)
- Netherlands (3.6B units)
- Zambia (3.4B units)
- Germany (2.4B units)
- Lesotho (1.0B units)
- Zimbabwe (1.0B units)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
