Insects; Live, Bees Price in New Zealand - 2023
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Insects; Live, Bees Price in New Zealand (FOB) - 2022
The average insects; live, bees export price stood at $0.2 per unit in 2022, picking up by 8.1% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 8.8% against the previous year. The export price peaked at $0.9 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -13.2% per year.
Insects; Live, Bees Exports in New Zealand
Insects; live, bees exports from New Zealand soared to 14M units in 2022, increasing by 93% on the year before. Over the period under review, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, insects; live, bees exports surged to $3.1M in 2022. In general, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Insects; Live, Bees in New Zealand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 1.9 | 1.2 | 1.5 | 3.1 | 17.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.0 | 1.2 | 1.5 | 3.1 | 15.7% |
Top Export Markets for Insects; Live, Bees from New Zealand in 2022:
- Canada (14.2M units)
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