Insects; Live, Bees Price in Bulgaria - 2023

Contents:

1. Insects; Live, Bees Price in Bulgaria (CIF) - 2022
2. Insects; Live, Bees Price in Bulgaria (FOB) - 2022
3. Insects; Live, Bees Imports in Bulgaria
4. Insects; Live, Bees Exports in Bulgaria

Insects; Live, Bees Price in Bulgaria (CIF) - 2022

In 2022, the average insects; live, bees import price amounted to $0.2 per unit, waning by -9.5% against the previous year. In general, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $0.5 per unit. 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 country with the highest price was Israel ($0.3 per unit), while the price for the Netherlands ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.3%), while the prices for the other major suppliers experienced a decline.

Insects; Live, Bees Price in Bulgaria (FOB) - 2022

In 2022, the average insects; live, bees export price amounted to $0.4 per unit, rising by 18% against the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 1,448%. As a result, the export price reached the peak level of $1.4 per unit. From 2016 to 2022, the average export prices failed to regain momentum.

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

From 2014 to 2022, the rate of growth in terms of prices for Greece amounted to +5.3% per year.

Insects; Live, Bees Imports in Bulgaria

After three years of growth, supplies from abroad of insects; live, beeses decreased by -4.3% to 325K units in 2022. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 6.1%. Imports peaked at 339K units in 2021, and then contracted slightly in the following year.

In value terms, insects; live, bees imports declined to $76K in 2022. In general, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 5.5% against the previous year. As a result, imports attained the peak of $89K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Insects; Live, Bees to Bulgaria in 2022:

1. Netherlands (277.3K units)
2. Spain (43.3K units)
3. Israel (4.1K units)

Insects; Live, Bees Exports in Bulgaria

In 2022, exports of insects; live, beeses from Bulgaria surged to 106K units, increasing by 30% against the previous year. The total export volume increased at an average annual rate of +29.8% over the period from 2021 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, bees exports soared to $40K in 2022. In general, total exports indicated a significant increase from 2021 to 2022: its value increased at an average annual rate of +53.2% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Insects; Live, Bees from Bulgaria in 2022:

1. Netherlands (105.3K units)

Source: IndexBox Market Intelligence Platform