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

Contents:

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

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

In 2022, the average export price for insects; live, other than beeses amounted to less than $0.1 per thousand units, dropping by -19.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 62%. Over the period under review, the average export prices hit record highs at less than $0.1 per thousand units in 2018; however, from 2019 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 United States (less than $0.1 per thousand units), while the average price for exports to Ireland (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 (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, waning by -21.9% against the previous year. Overall, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2017 an increase of 295%. As a result, import price attained the peak level of $0.1 per thousand units. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France (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 France (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Insects; Live, Other than Bees in the UK

In 2022, after three years of growth, there was decline in shipments abroad of insects; live, other than beeses, when their volume decreased by -1.8% to 1,428B units. The total export volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 33%. The exports peaked at 1,454B units in 2021, and then reduced in the following year.

In value terms, insects; live, other than bees exports contracted notably to $14M in 2022. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.7% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 46%. As a result, the exports reached the peak of $18M. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. France (546.4B units)
2. Netherlands (465.3B units)
3. United States (118.8B units)
4. Canada (92.5B units)
5. Denmark (4.1B units)
6. Ireland (1.7B units)

Imports of Insects; Live, Other than Bees in the UK

After three years of growth, purchases abroad of insects; live, other than beeses decreased by -18.9% to 1,299B units in 2022. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. Imports peaked at 1,602B units in 2021, and then dropped notably in the following year.

In value terms, insects; live, other than bees imports reduced notably to $14M in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year. Imports peaked at $22M in 2021, and then shrank significantly in the following year.

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

1. Belgium (681.4B units)
2. Netherlands (475.5B units)
3. Spain (64.5B units)
4. France (32.9B units)
5. Germany (19.6B units)

Source: IndexBox Market Intelligence Platform