Price for Insects; Live, Other than Bees in the United States - 2023
Contents:
- Price for Insects; Live, Other than Bees in the United States (CIF) - 2022
- Imports of Insects; Live, Other than Bees in the United States
Price for Insects; Live, Other than Bees in the United States (CIF) - 2022
The average import price for insects; live, other than beeses stood at $0.1 per thousand units in 2022, surging by 58% against the previous year. In general, the import price recorded a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($0.1 per thousand units), while the price for Canada (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 UK (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Insects; Live, Other than Bees in the United States
In 2022, the amount of insects; live, other than beeses imported into the United States fell notably to 507B units, which is down by -15.9% against the year before. Over the period under review, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of 603B units, and then reduced notably in the following year.
In value terms, insects; live, other than bees imports surged to $28M in 2022. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 68%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Insects; Live, Other than Bees in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.7 | 3.4 | 9.3 | 14.6 | 58.0% |
| Israel | 2.8 | 2.8 | 3.8 | 5.7 | 26.7% |
| Belgium | 3.0 | 3.4 | 3.6 | 3.9 | 9.1% |
| Mexico | 1.2 | 0.9 | 1.2 | 1.1 | -2.9% |
| Costa Rica | 1.2 | 0.6 | 0.8 | 0.9 | -9.1% |
| Germany | 0.7 | 0.4 | 0.1 | 0.1 | -47.7% |
| Others | 2.1 | 1.0 | 2.4 | 1.8 | -5.0% |
| Total | 14.7 | 12.6 | 21.2 | 28.0 | 24.0% |
Top Suppliers of Insects; Live, Other than Bees to the United States in 2022:
- Canada (382.2B units)
- Israel (54.1B units)
- Belgium (37.1B units)
- Costa Rica (8.5B units)
- Mexico (6.1B units)
- Germany (1.2B units)
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