Price for Insects; Live, Other than Bees in Australia - 2024
Contents:
- Price for Insects; Live, Other than Bees in Australia (FOB) - 2022
- Price for Insects; Live, Other than Bees in Australia (CIF) - 2022
- Exports of Insects; Live, Other than Bees in Australia
- Imports of Insects; Live, Other than Bees in Australia
Price for Insects; Live, Other than Bees in Australia (FOB) - 2022
The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, approximately equating the previous year. Overall, the export price continues to indicate a precipitous slump. The pace of growth was the most pronounced in 2019 an increase of 71% against the previous year. Over the period under review, the average export prices reached the peak figure at $0.5 per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France (less than $0.1 per thousand units) and Japan (less than $0.1 per thousand units), while the average price for exports to the UK (less than $0.1 per thousand units) and Poland (less than $0.1 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Insects; Live, Other than Bees in Australia (CIF) - 2022
The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2021, remaining constant against the previous year. Overall, the import price, however, showed a drastic downturn. The growth pace was the most rapid in 2015 an increase of 137% against the previous year. As a result, import price attained the peak level of less than $0.1 per thousand units. From 2016 to 2021, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Israel.
From 2013 to 2021, the rate of growth in terms of prices for Belgium amounted to +43.9% per year.
Exports of Insects; Live, Other than Bees in Australia
In 2022, the amount of insects; live, other than beeses exported from Australia stood at 32B units, surging by 8.5% compared with 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,106%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, insects; live, other than bees exports expanded sharply to $508K in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 1,312% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Insects; Live, Other than Bees in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.0 | 17.0 | 338 | 386 | 404.8% |
| Bahrain | N/A | 4.5 | 126 | 75.1 | 308.5% |
| France | N/A | 1.7 | N/A | 23.6 | 272.6% |
| Poland | N/A | N/A | N/A | 11.1 | 0% |
| United Kingdom | N/A | 7.5 | 1.5 | 1.4 | -56.8% |
| Others | N/A | 11.0 | 9.7 | 11.2 | 0.9% |
| Total | 3.0 | 41.8 | 475 | 508 | 453.2% |
Top Export Markets for Insects; Live, Other than Bees from Australia in 2022:
- Japan (24.6B units)
- Bahrain (4.8B units)
- France (1.5B units)
- Poland (0.7B units)
- United Kingdom (0.1B units)
Imports of Insects; Live, Other than Bees in Australia
In 2022, imports of insects; live, other than beeses into Australia reduced sharply to 39M units, dropping by -99.2% on 2021. Over the period under review, imports faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of 4.6B units, and then declined notably in the following year.
In value terms, insects; live, other than bees imports shrank markedly to $787 in 2022. In general, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports reached the peak of $73K, and then fell dramatically in the following year.
| Import of Insects; Live, Other than Bees in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 68.0 | 47.0 | 73.0 | N/A | 3.6% |
| Others | 4.8 | N/A | 0.1 | 0.8 | -45.0% |
| Total | 72.8 | 47.0 | 73.1 | 0.8 | -77.8% |
Top Suppliers of Insects; Live, Other than Bees to Australia in 2022:
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