Price for Insects; Live, Other than Bees in Uzbekistan - 2023

Contents:

1. Price for Insects; Live, Other than Bees in Uzbekistan (CIF) - 2022
2. Price for Insects; Live, Other than Bees in Uzbekistan (FOB) - 2023
3. Imports of Insects; Live, Other than Bees in Uzbekistan
4. Exports of Insects; Live, Other than Bees in Uzbekistan

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, reducing by -30.4% against the previous year. Over the period under review, the import price showed a perceptible decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 5.2%. As a result, import price reached the peak level of less than $0.1 per thousand units. From 2021 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 Belgium (less than $0.1 per thousand units), while the price for Kazakhstan (less than $0.1 per thousand units) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (-0.8%), while the prices for the other major suppliers experienced a decline.

Price for Insects; Live, Other than Bees in Uzbekistan (FOB) - 2023

The average export price for insects; live, other than beeses stood at $1.1 per thousand units in September 2023, surging by 166% against the previous month. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From August 2023 to September 2023, the rate of growth in terms of prices for Russia amounted to +166.3% per month.

Imports of Insects; Live, Other than Bees in Uzbekistan

In 2022, the amount of insects; live, other than beeses imported into Uzbekistan soared to 15B units, picking up by 100% on 2021 figures. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, other than bees imports surged to $172K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.4% 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 +83.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Kazakhstan (6.9B units)
2. Ukraine (5.3B units)
3. Belgium (1.8B units)
4. Spain (1.5B units)

Exports of Insects; Live, Other than Bees in Uzbekistan

In 2022, exports of insects; live, other than beeses from Uzbekistan reduced sharply to 105M units, dropping by -32% compared with the year before. In general, exports continue to indicate a significant decrease. Over the period under review, the exports hit record highs at 155M units in 2021, and then dropped significantly in the following year.

In value terms, insects; live, other than bees exports contracted remarkably to $1.6K in 2022. Over the period under review, exports showed a sharp reduction. The exports peaked at $2.5K in 2021, and then shrank rapidly in the following year.

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

1. Russia (105.2M units)

Source: IndexBox Market Intelligence Platform