Price for Insects; Live, Other than Bees in Costa Rica - 2022

Contents:

1. Price for Insects; Live, Other than Bees in Costa Rica (CIF) - 2022
2. Price for Insects; Live, Other than Bees in Costa Rica (FOB) - 2022
3. Imports of Insects; Live, Other than Bees in Costa Rica
4. Exports of Insects; Live, Other than Bees in Costa Rica

Price for Insects; Live, Other than Bees in Costa Rica (CIF) - 2022

In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, picking up by 42% against the previous year. Over the period under review, the import price recorded moderate growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 97% against the previous year. As a result, import price reached the peak level of $0.1 per thousand units. From 2014 to 2022, the average 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 the Netherlands ($0.1 per thousand units), while the price for Mexico (less than $0.1 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Insects; Live, Other than Bees in Costa Rica (FOB) - 2022

The average export price for insects; live, other than beeses stood at $0.1 per thousand units in 2022, jumping by 189% against the previous year. Over the period under review, the export price showed a moderate increase. Over the period under review, the average export prices attained the maximum at $0.1 per thousand units in 2013; however, from 2014 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 Panama.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +28.8% per year.

Imports of Insects; Live, Other than Bees in Costa Rica

After two years of decline, supplies from abroad of insects; live, other than beeses increased by 47% to 16B units in 2022. Overall, imports, however, recorded a perceptible decrease. Imports peaked at 18B units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, insects; live, other than bees imports soared to $718K in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Insects; Live, Other than Bees to Costa Rica in 2022:

1. Netherlands (9.5B units)
2. Mexico (3.9B units)
3. Belgium (2.5B units)

Exports of Insects; Live, Other than Bees in Costa Rica

In 2022, shipments abroad of insects; live, other than beeses decreased by -83% to 232M units, falling for the second consecutive year after two years of growth. Overall, exports saw a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 36%. As a result, the exports reached the peak of 1.4B units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, insects; live, other than bees exports reduced remarkably to $23K in 2022. In general, exports recorded a dramatic descent. The smallest decline of -15% was in 2020. The exports peaked at $64K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Insects; Live, Other than Bees from Costa Rica in 2022:

1. Panama (231.9M units)

Source: IndexBox Market Intelligence Platform