Price for Insects; Live, Other than Bees in Hungary - 2023

Contents:

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

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

In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, shrinking by -15.5% against the previous year. Over the period under review, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 90% against the previous year. As a result, import price attained the peak level of less than $0.1 per thousand units, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands (less than $0.1 per thousand units), while the price for the Czech Republic (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 Belgium (+5.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for insects; live, other than beeses stood at $0.1 per thousand units in 2022, dropping by -47.4% against the previous year. Overall, the export price, however, posted tangible growth. The most prominent rate of growth was recorded in 2016 an increase of 135% against the previous year. The export price peaked at $0.4 per thousand units in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($0.6 per thousand units), while the average price for exports to Slovakia (less than $0.1 per thousand units) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+97.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Insects; Live, Other than Bees in Hungary

In 2022, supplies from abroad of insects; live, other than beeses was finally on the rise to reach 30B units after two years of decline. Overall, imports, however, saw a pronounced curtailment. Imports peaked at 34B units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, insects; live, other than bees imports fell to $926K in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 85%. As a result, imports reached the peak of $985K, and then shrank in the following year.

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

1. Belgium (19.7B units)
2. Netherlands (9.1B units)
3. Czech Republic (0.6B units)
4. France (0.5B units)

Exports of Insects; Live, Other than Bees in Hungary

In 2022, the amount of insects; live, other than beeses exported from Hungary shrank notably to 45M units, dropping by -42.4% against the previous year. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 54%. The exports peaked at 79M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, insects; live, other than bees exports contracted notably to $3.9K in 2022. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 7.8% against the previous year. As a result, the exports reached the peak of $20K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Taiwan (Chinese) (26.2M units)
2. Romania (12.2M units)
3. Georgia (3.1M units)
4. Slovakia (3.1M units)

Source: IndexBox Market Intelligence Platform