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

Contents:

1. Price for Insects; Live, Other than Bees in Kuwait (CIF) - 2022
2. Imports of Insects; Live, Other than Bees in Kuwait

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

The average import price for insects; live, other than beeses stood at $0.1 per thousand units in 2022, surging by 1,309% against the previous year. Over the period under review, the import price enjoyed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($0.1 per thousand units), while the price for the Netherlands stood at $0.1 per thousand units.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+1,779.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Insects; Live, Other than Bees in Kuwait

Insects; live, other than bees imports into Kuwait shrank dramatically to 441M units in 2022, dropping by -78.6% on the year before. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of 8,025%. As a result, imports reached the peak of 2.1B units, and then shrank significantly in the following year.

In value terms, insects; live, other than bees imports soared to $37K in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 5,220%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Iran (409.3M units)
2. Netherlands (32.1M units)

Source: IndexBox Market Intelligence Platform