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

Contents:

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

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

In March 2022, the average import price for insects; live, other than beeses amounted to $24.6 per unit, reducing by -14.6% against the previous month. Over the period under review, the import price continues to indicate a deep setback. As a result, import price reached the peak level of $28.8 per unit, and then fell in the following month.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Russia ($87.2 per unit), while the price for Spain amounted to $20.4 per unit.

From February 2022 to March 2022, the most notable rate of growth in terms of prices was attained by Russia (+73.3%).

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, jumping by 276% against the previous year. In general, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania (less than $0.1 per thousand units), while the average price for exports to Poland stood at less than $0.1 per thousand units.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+38.7%).

Imports of Insects; Live, Other than Bees in Belarus

After three years of growth, purchases abroad of insects; live, other than beeses decreased by -71.8% to 13B units in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 603%. Over the period under review, imports attained the peak figure at 47B units in 2021, and then shrank notably in the following year.

In value terms, insects; live, other than bees imports fell dramatically to $385K in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 292%. Over the period under review, imports attained the maximum at $501K in 2021, and then fell dramatically in the following year.

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

1. Russia (13.2B units)

Exports of Insects; Live, Other than Bees in Belarus

In 2022, approx. 144B units of insects; live, other than beeses were exported from Belarus; falling by -21.7% against 2021. Over the period under review, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 71%. As a result, the exports reached the peak of 184B units, and then reduced dramatically in the following year.

In value terms, insects; live, other than bees exports skyrocketed to $366K in 2022. In general, exports, however, posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Poland (54.1B units)
2. Lithuania (17.1B units)

Source: IndexBox Market Intelligence Platform