Price for Insects; Live, Other than Bees in Morocco - 2022
Contents:
- Price for Insects; Live, Other than Bees in Morocco (FOB) - 2022
- Price for Insects; Live, Other than Bees in Morocco (CIF) - 2022
- Exports of Insects; Live, Other than Bees in Morocco
- Imports of Insects; Live, Other than Bees in Morocco
Price for Insects; Live, Other than Bees in Morocco (FOB) - 2022
In 2022, the average export price for insects; live, other than beeses amounted to $0.1 per thousand units, with a decrease of -10.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 9.8%. Over the period under review, the average export prices attained the peak figure at $0.2 per thousand units in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($0.1 per thousand units), while the average price for exports to the UK (less than $0.1 per thousand units) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Insects; Live, Other than Bees in Morocco (CIF) - 2022
In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, rising by 10% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 13% against the previous year. As a result, import price reached the peak level of less than $0.1 per thousand units. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
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 (less than $0.1 per thousand units), while the price for Belgium (less than $0.1 per thousand units) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Insects; Live, Other than Bees in Morocco
In 2022, overseas shipments of insects; live, other than beeses decreased by -4.7% to 96B units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22%. As a result, the exports attained the peak of 101B units, and then reduced modestly in the following year.
In value terms, insects; live, other than bees exports shrank to $12M in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. The exports peaked at $14M in 2021, and then contracted in the following year.
| Export of Insects; Live, Other than Bees in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 11.0 | 12.2 | 12.5 | 11.4 | 1.2% |
| Netherlands | 0.4 | 0.5 | 1.4 | 0.2 | -20.6% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.7 | 0.4 | 0.5 | 71.0% |
| Total | 11.4 | 13.4 | 14.3 | 12.1 | 2.0% |
Top Export Markets for Insects; Live, Other than Bees from Morocco in 2022:
- Belgium (92.2B units)
- United Kingdom (1.7B units)
- Netherlands (1.4B units)
Imports of Insects; Live, Other than Bees in Morocco
In 2022, approx. 80B units of insects; live, other than beeses were imported into Morocco; growing by 23% compared with the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at 81B 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 $1.6M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $1.6M in 2019; afterwards, it flattened through to 2022.
| Import of Insects; Live, Other than Bees in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 826 | 854 | 945 | 1,484 | 21.6% |
| Netherlands | 572 | 92.5 | 19.4 | 53.9 | -54.5% |
| Belgium | 203 | 183 | 204 | 52.1 | -36.5% |
| Others | 6.7 | 1.8 | 2.5 | 2.3 | -30.0% |
| Total | 1,608 | 1,132 | 1,171 | 1,592 | -0.3% |
Top Suppliers of Insects; Live, Other than Bees to Morocco in 2022:
- Spain (73.2B units)
- Belgium (5.2B units)
- Netherlands (2.0B units)
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