Price for Insects; Live, Other than Bees in the Czech Republic - 2023

Contents:

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

Price for Insects; Live, Other than Bees in the Czech Republic (CIF) - 2022

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, surging by 48% against the previous year. In general, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 52%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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 Germany ($0.1 per thousand units), while the price for Slovakia (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 Belgium (+65.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Insects; Live, Other than Bees in the Czech Republic (FOB) - 2022

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, declining by -38.3% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2020 an increase of 642%. Over the period under review, the average export prices attained the maximum at less than $0.1 per thousand units in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK (less than $0.1 per thousand units), while the average price for exports to Slovenia (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 Austria (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Insects; Live, Other than Bees in the Czech Republic

Insects; live, other than bees imports into the Czech Republic contracted rapidly to 96B units in 2022, falling by -53% against the previous year's figure. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of 205B units, and then contracted notably in the following year.

In value terms, insects; live, other than bees imports contracted notably to $1.7M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. As a result, imports reached the peak of $2.4M, and then plummeted in the following year.

Top Suppliers of Insects; Live, Other than Bees to the Czech Republic in 2022:

1. Netherlands (72.6B units)
2. Denmark (8.4B units)
3. Slovakia (5.2B units)
4. Belgium (3.2B units)
5. Hungary (3.0B units)
6. Germany (2.8B units)

Exports of Insects; Live, Other than Bees in the Czech Republic

In 2022, approx. 84B units of insects; live, other than beeses were exported from the Czech Republic; increasing by 271% against the year before. Over the period under review, exports, however, continue to indicate a sharp decline. Over the period under review, the exports hit record highs at 508B units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, insects; live, other than bees exports surged to $614K in 2022. In general, exports, however, showed a deep reduction. Over the period under review, the exports reached the maximum at $763K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Insects; Live, Other than Bees from the Czech Republic in 2022:

1. Slovenia (15.3B units)
2. France (12.7B units)
3. Italy (10.2B units)
4. Germany (7.5B units)
5. Austria (6.3B units)
6. Poland (6.0B units)
7. Sweden (5.3B units)
8. Slovakia (5.0B units)
9. Denmark (3.8B units)
10. Estonia (2.7B units)
11. United Kingdom (2.6B units)
12. Belgium (0.4B units)

Source: IndexBox Market Intelligence Platform