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

Contents:

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

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

In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, growing by 26% against the previous year. In general, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 59% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 United States ($0.3 per thousand units), while the price for the Netherlands stood at less than $0.1 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+57.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for insects; live, other than beeses stood at $0.1 per thousand units in 2022, rising by 6.8% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($0.1 per thousand units), while the average price for exports to Germany stood at less than $0.1 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+85.2%).

Imports of Insects; Live, Other than Bees in Peru

In 2022, approx. 64M units of insects; live, other than beeses were imported into Peru; increasing by 77% compared with the previous year's figure. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 85%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, insects; live, other than bees imports surged to $3K in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (62.8M units)
2. United States (1.6M units)

Exports of Insects; Live, Other than Bees in Peru

In 2022, approx. 35M units of insects; live, other than beeses were exported from Peru; which is down by -53.2% against the previous year. Over the period under review, exports faced a precipitous curtailment. The exports peaked at 76M units in 2021, and then shrank sharply in the following year.

In value terms, insects; live, other than bees exports contracted rapidly to $2.5K in 2022. In general, exports showed a precipitous decrease. The exports peaked at $5K in 2021, and then dropped markedly in the following year.

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

1. Japan (11.8M units)
2. Germany (11.8M units)

Source: IndexBox Market Intelligence Platform