Price for Insects; Live, Other than Bees in the United Arab Emirates - 2022

Contents:

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

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

In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, with an increase of 39% against the previous year. Overall, the import price saw a notable increase. The pace of growth was the most pronounced in 2016 an increase of 90%. Over the period under review, average import prices reached the maximum at less than $0.1 per thousand units in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Egypt (less than $0.1 per thousand units) and the Netherlands (less than $0.1 per thousand units), while the price for the Philippines (less than $0.1 per thousand units) and Thailand (less than $0.1 per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, falling by -55% against the previous year. Over the period under review, the export price faced a significant decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 72%. As a result, the export price attained the peak level of $0.1 per thousand units. From 2015 to 2022, the average export prices remained at a lower figure.

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 Yemen 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 the United States (+155.4%), while the prices for the other major destinations experienced a decline.

Imports of Insects; Live, Other than Bees in the United Arab Emirates

In 2022, approx. 24B units of insects; live, other than beeses were imported into the United Arab Emirates; with a decrease of -71.5% compared with the year before. In general, imports recorded a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 147%. As a result, imports attained the peak of 84B units, and then dropped sharply in the following year.

In value terms, insects; live, other than bees imports declined remarkably to $250K in 2022. Overall, imports saw a sharp setback. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports hit record highs at $1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Insects; Live, Other than Bees to the United Arab Emirates in 2022:

1. Netherlands (23.2B units)
2. Egypt (0.5B units)
3. Thailand (0.1B units)
4. Philippines (0.1B units)

Exports of Insects; Live, Other than Bees in the United Arab Emirates

In 2022, after two years of decline, there was significant growth in overseas shipments of insects; live, other than beeses, when their volume increased by 60% to 296M units. Over the period under review, exports, however, faced a dramatic setback. The exports peaked at 845M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, insects; live, other than bees exports fell dramatically to $910 in 2022. Overall, exports, however, saw a sharp curtailment. The smallest decline of -18.7% was in 2021. Over the period under review, the exports reached the peak figure at $2.5K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Yemen (289.9M units)
2. United States (6.0M units)

Source: IndexBox Market Intelligence Platform