Price for Insects; Live, Other than Bees in Thailand - 2024

Contents:

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

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, which is down by -17.3% against the previous year. In general, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 71% against the previous year. As a result, the export price attained the peak level of $0.1 per thousand units. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates (less than $0.1 per thousand units), while the average price for exports to South Korea (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 Netherlands (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for insects; live, other than beeses amounted to $54 per unit, rising by 169% against the previous year. In general, the import price showed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +3,193.8% per year.

Exports of Insects; Live, Other than Bees in Thailand

For the fourth consecutive year, Thailand recorded growth in shipments abroad of insects; live, other than beeses, which increased by 72% to 13B units in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 79%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, insects; live, other than bees exports soared to $302K in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 107% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. United States (4.8B units)
2. United Kingdom (2.1B units)
3. Germany (1.8B units)
4. South Korea (1.8B units)
5. Netherlands (1.7B units)
6. United Arab Emirates (0.9B units)
7. Japan (0.3B units)

Imports of Insects; Live, Other than Bees in Thailand

In 2022, purchases abroad of insects; live, other than beeses decreased by -96.8% to 1 units for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a significant contraction. The growth pace was the most rapid in 2021 with an increase of 244% against the previous year. As a result, imports reached the peak of 31 units, and then declined sharply in the following year.

In value terms, insects; live, other than bees imports reduced markedly to $54 in 2022. Overall, imports continue to indicate a sharp contraction. The growth pace was the most rapid in 2021 when imports increased by 289%. As a result, imports attained the peak of $622, and then declined markedly in the following year.

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

1. Poland (1.0 units)

Source: IndexBox Market Intelligence Platform