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

Contents:

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

Price for Insects; Live, Other than Bees in Mexico (FOB) - 2022

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, shrinking by -5.5% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of less than $0.1 per thousand units, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($0.1 per thousand units), while the average price for exports to the United States (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 recorded for supplies to the Netherlands (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, stabilizing at the previous year. Overall, the import price saw prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 57%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, 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 +24.2% per year.

Exports of Insects; Live, Other than Bees in Mexico

Insects; live, other than bees exports from Mexico soared to 98B units in 2022, growing by 244% compared with the year before. Overall, exports, however, saw a sharp contraction. Over the period under review, the exports attained the maximum at 178B units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, insects; live, other than bees exports soared to $1.8M in 2022. Over the period under review, exports, however, recorded a dramatic curtailment. The exports peaked at $3.1M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

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

1. Canada (56.4B units)
2. United States (32.4B units)
3. Netherlands (2.6B units)

Imports of Insects; Live, Other than Bees in Mexico

Insects; live, other than bees imports into Mexico totaled 2B units in 2022, stabilizing at 2021 figures. Overall, imports faced a abrupt descent. The smallest decline of 99.9% was in 2021. Imports peaked at 3B units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, insects; live, other than bees imports totaled $61K in 2022. In general, imports posted resilient growth. The smallest decline of 99.9% was in 2021. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. United States (2.0B units)

Source: IndexBox Market Intelligence Platform