Insects; Live, Bees Price in Malaysia - 2022

Contents:

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

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

In 2022, the average insects; live, bees import price amounted to $0.4 per unit, approximately equating the previous year. Overall, the import price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 101%. The import price peaked at $0.4 per unit in 2021, and then shrank modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($0.4 per unit), while the price for Australia stood at $0.4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+563.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average insects; live, bees export price amounted to $0.2 per unit, waning by -5.6% against the previous year. Overall, the export price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 an increase of 105%. The export price peaked at $0.2 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($0.2 per unit) and the United States ($0.2 per unit), while the average price for exports to the UK ($0.2 per unit) and Canada ($0.2 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Insects; Live, Bees Imports in Malaysia

For the third year in a row, Malaysia recorded decline in supplies from abroad of insects; live, beeses, which decreased by -5.6% to 292K units in 2022. Overall, imports faced a drastic downturn. Imports peaked at 503K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, insects; live, bees imports fell to $107K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 60%. Imports peaked at $114K in 2021, and then contracted in the following year.

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

1. China (218.0K units)
2. Australia (74.4K units)

Insects; Live, Bees Exports in Malaysia

In 2022, the amount of insects; live, beeses exported from Malaysia reduced slightly to 581K units, remaining relatively unchanged against 2021. In general, exports continue to indicate a mild setback. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports attained the peak figure at 601K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, insects; live, bees exports dropped to $97K in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of $104K, and then shrank in the following year.

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

1. United States (213.5K units)
2. Japan (187.7K units)
3. United Kingdom (126.4K units)
4. Canada (53.3K units)

Source: IndexBox Market Intelligence Platform