Price for Insects; Live, Other than Bees in Canada - 2022
Contents:
- Price for Insects; Live, Other than Bees in Canada (CIF) - 2022
- Price for Insects; Live, Other than Bees in Canada (FOB) - 2022
- Imports of Insects; Live, Other than Bees in Canada
- Exports of Insects; Live, Other than Bees in Canada
Price for Insects; Live, Other than Bees in Canada (CIF) - 2022
In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, declining by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2019 an increase of 28% against the previous year. As a result, import price attained the peak level of less than $0.1 per thousand units. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
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 Belgium (less than $0.1 per thousand units), while the price for Spain (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 Spain (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insects; Live, Other than Bees in Canada (FOB) - 2022
The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, rising by 4.6% against the previous year. Overall, the export price, however, showed a mild setback. The growth pace was the most rapid in 2019 an increase of 6.9%. The export price peaked at less than $0.1 per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.4% per year.
Imports of Insects; Live, Other than Bees in Canada
In 2022, the amount of insects; live, other than beeses imported into Canada rose rapidly to 2,453B units, surging by 14% on the previous year. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, insects; live, other than bees imports rose notably to $38M in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $38M in 2019; afterwards, it flattened through to 2022.
| Import of Insects; Live, Other than Bees in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.8 | 7.7 | 8.5 | 14.8 | 29.6% |
| Netherlands | 13.1 | 11.1 | 11.2 | 11.3 | -4.8% |
| Belgium | 11.0 | 9.4 | 7.0 | 4.5 | -25.8% |
| Mexico | 3.6 | 5.2 | 3.7 | 3.4 | -1.9% |
| United Kingdom | 2.3 | 1.5 | 2.3 | 2.6 | 4.2% |
| Spain | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Others | 1.4 | 1.0 | 1.3 | 1.6 | 4.6% |
| Total | 38.4 | 36.1 | 34.4 | 38.4 | 0.0% |
Top Suppliers of Insects; Live, Other than Bees to Canada in 2022:
- United States (1701.9B units)
- Netherlands (363.2B units)
- Belgium (109.9B units)
- Mexico (108.8B units)
- United Kingdom (83.4B units)
- Spain (25.8B units)
Exports of Insects; Live, Other than Bees in Canada
In 2022, overseas shipments of insects; live, other than beeses decreased by -1.5% to 287B units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 32%. The exports peaked at 291B units in 2021, and then shrank slightly in the following year.
In value terms, insects; live, other than bees exports rose slightly to $4.8M in 2022. The total export value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, the exports reached the peak of $4.8M; afterwards, it flattened through to 2022.
| Export of Insects; Live, Other than Bees in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.7 | 4.6 | 4.5 | 4.8 | 9.1% |
| Others | 0.2 | 0.2 | 0.2 | N/A | 0.0% |
| Total | 3.9 | 4.8 | 4.6 | 4.8 | 7.2% |
Top Export Markets for Insects; Live, Other than Bees from Canada in 2022:
- United States (285.3B units)
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