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

Contents:

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

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, shrinking by -20.6% against the previous year. Overall, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 an increase of 3.2%. As a result, import price reached the peak level of less than $0.1 per thousand units. From 2014 to 2022, the average import prices remained at a lower figure.

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 the Netherlands (less than $0.1 per thousand units), while the price for Spain (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 attained by Belgium (-9.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for insects; live, other than beeses stood at $0.1 per thousand units in 2022, waning by -34.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 118%. As a result, the export price reached the peak level of $0.1 per thousand units. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($0.1 per thousand units), while the average price for exports to Iran (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 South Africa (+82.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Insects; Live, Other than Bees in Turkey

Insects; live, other than bees imports into Turkey soared to 141B units in 2022, picking up by 26% on 2021. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 105%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, insects; live, other than bees imports stood at $1.4M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 75%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Belgium (72.4B units)
2. Spain (36.2B units)
3. Netherlands (32.1B units)

Exports of Insects; Live, Other than Bees in Turkey

In 2022, the amount of insects; live, other than beeses exported from Turkey soared to 8B units, picking up by 75% on 2021 figures. Overall, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, other than bees exports rose remarkably to $411K in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 51%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

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

1. Iran (6.0B units)
2. Belgium (1.6B units)
3. South Africa (0.2B units)

Source: IndexBox Market Intelligence Platform