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

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, declining by -4.3% against the previous year. In general, import price indicated a strong expansion from 2014 to 2022: its price increased at an average annual rate of +6.4% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, insects; live, other than bees import price decreased by -9.6% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 80% against the previous year. As a result, import price reached the peak level of less than $0.1 per thousand units. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($0.1 per thousand units), while the price for Slovakia (less than $0.1 per thousand units) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+41.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Insects; Live, Other than Bees in Serbia

In 2022, the amount of insects; live, other than beeses imported into Serbia totaled 56B units, growing by 4% compared with the year before. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.0% 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 +90.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 61% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, insects; live, other than bees imports fell modestly to $349K in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year. Over the period under review, imports attained the peak figure at $351K in 2021, and then reduced modestly in the following year.

Import of Insects; Live, Other than Bees in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovakia	77.6	100	139	152	25.1%
Netherlands	N/A	N/A	31.2	64.2	105.8%
Italy	N/A	24.5	29.9	50.5	43.6%
Belgium	59.6	125	128	42.4	-10.7%
United Kingdom	7.4	8.4	22.3	40.0	75.5%
Others	19.6	9.3	1.1	N/A	-76.3%
Total	164	267	351	349	28.6%