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

Contents:

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

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, with an increase of 4.5% against the previous year. In general, the export price, however, showed a deep downturn. 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 remained at a lower figure.

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

From 2019 to 2022, the rate of growth in terms of prices for Japan amounted to +3.9% per year.

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

In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, waning by -81.7% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 346%. As a result, import price reached the peak level of $0.1 per thousand units. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +3.5% per year.

Exports of Insects; Live, Other than Bees in Vietnam

Insects; live, other than bees exports from Vietnam skyrocketed to 9.1B units in 2022, surging by 130% against 2021 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 399% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, insects; live, other than bees exports surged to $151K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 304% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. Japan (9.1B units)

Imports of Insects; Live, Other than Bees in Vietnam

In 2022, the amount of insects; live, other than beeses imported into Vietnam contracted sharply to 32M units, declining by -64.3% compared with the year before. Overall, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. Imports peaked at 4.6B units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, insects; live, other than bees imports declined significantly to $100 in 2022. Over the period under review, imports continue to indicate a sharp curtailment. The smallest decline of -61.7% was in 2021. Imports peaked at $86K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. Myanmar (32.2M units)

Source: IndexBox Market Intelligence Platform