Insects; Live, Bees Price in Morocco - 2022

Contents:

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

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

In 2022, the average insects; live, bees import price amounted to $0.1 per unit, dropping by -6.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 7.4%. Over the period under review, average import prices reached the maximum at $0.1 per unit in 2018; however, from 2019 to 2022, import prices stood 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 Spain ($0.1 per unit), while the price for Belgium stood at $0.1 per unit.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%).

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

In 2022, the average insects; live, bees export price amounted to $0.3 per unit, falling by -12.1% against the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. As a result, the export price attained the peak level of $0.3 per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($0.4 per unit), while the average price for exports to Mauritania amounted to $0.2 per unit.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+191.2%), while the prices for the other major destinations experienced mixed trend patterns.

Insects; Live, Bees Imports in Morocco

In 2022, insects; live, bees imports into Morocco expanded sharply to 56M units, growing by 15% against the year before. The total import volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, bees imports expanded remarkably to $6.5M in 2022. The total import value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 18%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Belgium (29.3M units)
2. Spain (26.4M units)

Insects; Live, Bees Exports in Morocco

For the third consecutive year, Morocco recorded decline in shipments abroad of insects; live, beeses, which decreased by -58.6% to 29K units in 2022. Overall, exports recorded a dramatic setback. The smallest decline of -20.2% was in 2021. Over the period under review, the exports hit record highs at 118K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, insects; live, bees exports fell markedly to $7.4K in 2022. In general, exports continue to indicate a sharp slump. The smallest decline of -4.8% was in 2020. The exports peaked at $28K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Mauritania (21.8K units)
2. Mali (7.1K units)

Source: IndexBox Market Intelligence Platform