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

Contents:

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

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, with a decrease of -32% against the previous year. Over the period under review, the export price showed a abrupt downturn. The growth pace was the most rapid in 2015 when the average export price increased by 34%. As a result, the export price attained the peak level of less than $0.1 per thousand units. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands (less than $0.1 per thousand units), while the average price for exports to Zambia (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 the United States (+16.7%), while the prices for the other major destinations experienced a decline.

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, which is down by -75.6% against the previous year. Over the period under review, the import price faced a deep setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 164% against the previous year. Over the period under review, average import prices attained the peak figure at less than $0.1 per thousand units in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2013 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -15.5% per year.

Exports of Insects; Live, Other than Bees in Tanzania

In 2022, shipments abroad of insects; live, other than beeses decreased by -77.6% to 1.6B units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 34,941%. As a result, the exports reached the peak of 7.2B units, and then reduced notably in the following year.

In value terms, insects; live, other than bees exports declined sharply to $10K in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 31,357% against the previous year. As a result, the exports reached the peak of $68K, and then reduced notably in the following year.

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

1. Netherlands (986.3M units)
2. Zambia (518.6M units)
3. Democratic Republic of the Congo (112.7M units)

Imports of Insects; Live, Other than Bees in Tanzania

In 2022, insects; live, other than bees imports into Tanzania soared to 2.6B units, rising by 849% on the previous year's figure. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, other than bees imports skyrocketed to $2.7K in 2022. Over the period under review, imports, however, recorded a dramatic setback. Imports peaked at $4.3K in 2020; however, from 2021 to 2022, imports failed to regain momentum.

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

1. Netherlands (2.6B units)

Source: IndexBox Market Intelligence Platform