Insects; Live, Bees Price in Pakistan - 2023

Contents:

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

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

The average insects; live, bees export price stood at $0.2 per unit in 2022, waning by -6.9% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 12% against the previous year. The export price peaked at $0.6 per unit in 2012; however, from 2013 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 Afghanistan.

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to -12.3% per year.

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

In 2022, the average insects; live, bees import price amounted to less than $0.1 per unit, falling by -5.5% against the previous year. Over the period under review, the import price faced a sharp reduction. The pace of growth appeared the most rapid in 2015 when the average import price decreased by -5.1%. Over the period under review, average import prices hit record highs at $0.3 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Afghanistan (less than $0.1 per unit), while the price for Turkey amounted to less than $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.0%).

Insects; Live, Bees Exports in Pakistan

In 2022, approx. 1.7M units of insects; live, beeses were exported from Pakistan; which is down by -25.8% compared with 2021 figures. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 106%. As a result, the exports attained the peak of 2.3M units, and then contracted dramatically in the following year.

In value terms, insects; live, bees exports fell significantly to $293K in 2022. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 107% against the previous year. As a result, the exports reached the peak of $424K, and then reduced markedly in the following year.

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

1. Afghanistan (1.7M units)

Insects; Live, Bees Imports in Pakistan

In 2022, approx. 11M units of insects; live, beeses were imported into Pakistan; growing by 19% against the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% 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 +49.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, insects; live, bees imports rose markedly to $151K in 2022. Overall, imports, however, showed a dramatic contraction. Over the period under review, imports reached the maximum at $336K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. Afghanistan (11.3M units)
2. Turkey (0.1M units)

Source: IndexBox Market Intelligence Platform