Price for Insects; Live, Other than Bees in South Korea - 2022
Contents:
- Price for Insects; Live, Other than Bees in South Korea (CIF) - 2022
- Price for Insects; Live, Other than Bees in South Korea (FOB) - 2022
- Imports of Insects; Live, Other than Bees in South Korea
- Exports of Insects; Live, Other than Bees in South Korea
Price for Insects; Live, Other than Bees in South Korea (CIF) - 2022
The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, jumping by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2014 an increase of 52%. Over the period under review, average import prices hit record highs at less than $0.1 per thousand units in 2015; however, from 2016 to 2022, 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 Belgium (less than $0.1 per thousand units), while the price for the Netherlands (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 Netherlands (-3.1%), while the prices for the other major suppliers experienced a decline.
Price for Insects; Live, Other than Bees in South Korea (FOB) - 2022
In 2022, the average export price for insects; live, other than beeses amounted to less than $0.1 per thousand units, waning by -17.6% against the previous year. Overall, the export price showed a precipitous setback. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. As a result, the export price attained the peak level of $0.1 per thousand units. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
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 Belgium (less than $0.1 per thousand units), while the average price for exports to 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 recorded for supplies to the UK (+8.1%), while the prices for the other major destinations experienced a decline.
Imports of Insects; Live, Other than Bees in South Korea
In 2022, insects; live, other than bees imports into South Korea contracted sharply to 76B units, which is down by -22.7% compared with 2021 figures. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 0.4% against the previous year. Over the period under review, imports reached the peak figure at 114B units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, insects; live, other than bees imports declined slightly to $1.1M in 2022. Overall, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs at $1.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Insects; Live, Other than Bees in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,035 | 857 | 915 | 616 | -15.9% |
| Belgium | N/A | N/A | N/A | 322 | 0% |
| Spain | 124 | 97.1 | 166 | 102 | -6.3% |
| Others | 35.5 | 59.4 | 88.9 | 87.2 | 34.9% |
| Total | 1,194 | 1,013 | 1,169 | 1,127 | -1.9% |
Top Suppliers of Insects; Live, Other than Bees to South Korea in 2022:
- Netherlands (50.5B units)
- Belgium (15.4B units)
- Spain (7.8B units)
Exports of Insects; Live, Other than Bees in South Korea
In 2022, exports of insects; live, other than beeses from South Korea declined notably to 2.2M units, falling by -30.7% compared with the previous year's figure. Over the period under review, exports showed a dramatic setback. Over the period under review, the exports hit record highs at 3.2M units in 2021, and then dropped remarkably in the following year.
In value terms, insects; live, other than bees exports shrank notably to $4 in 2022. In general, exports faced a sharp contraction. Over the period under review, the exports attained the peak figure at $7 in 2021, and then fell markedly in the following year.
| Export of Insects; Live, Other than Bees in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Belgium | N/A | 1.0 | 0% | ||
| France | N/A | 1.0 | 0% | ||
| China | 6.0 | 1.0 | -83.3% | ||
| Others | 1.0 | 1.0 | 0.0% | ||
| Total | 7.0 | 4.0 | -42.9% | ||
Top Export Markets for Insects; Live, Other than Bees from South Korea in 2022:
- France (897.4K units)
- China (839.8K units)
- Belgium (49.3K units)
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