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

Contents:

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

Price for Insects; Live, Other than Bees in Ireland (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 40% against the previous year. In general, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 1,545% against the previous year. As a result, import price reached the peak level of $0.7 per thousand units. From 2018 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 UK ($0.1 per thousand units), while the price for France (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 UK (-2.2%).

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, waning by -99.8% against the previous year. Overall, the export price faced a sharp reduction. The most prominent rate of growth was recorded in 2015 when the average export price decreased by -0.8% against the previous year. The export price peaked at $0.9 per thousand units in 2021, and then dropped notably in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2014 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -27.9% per year.

Imports of Insects; Live, Other than Bees in Ireland

In 2022, after three years of growth, there was significant decline in purchases abroad of insects; live, other than beeses, when their volume decreased by -47.1% to 2.8B units. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 286%. As a result, imports reached the peak of 5.3B units, and then fell remarkably in the following year.

In value terms, insects; live, other than bees imports contracted rapidly to $121K in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 101%. As a result, imports reached the peak of $164K, and then declined dramatically in the following year.

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

1. United Kingdom (1398.5M units)
2. Netherlands (947.6M units)
3. France (399.7M units)

Exports of Insects; Live, Other than Bees in Ireland

In 2022, approx. 6.4M units of insects; live, other than beeses were exported from Ireland; increasing by 1,179% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, other than bees exports shrank rapidly to $11 in 2022. In general, exports, however, faced a sharp setback. The exports peaked at $452 in 2021, and then fell markedly in the following year.

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

1. Netherlands (6.4M units)

Source: IndexBox Market Intelligence Platform