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

Contents:

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

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

The average import price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, dropping by -17.7% against the previous year. In general, the import price, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 82%. Over the period under review, average import prices reached the peak figure at less than $0.1 per thousand units in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+17.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, flattening at the previous year. Overall, the export price, however, posted strong growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 190%. As a result, the export price reached the peak level of less than $0.1 per thousand units. From 2018 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +8.3% per year.

Imports of Insects; Live, Other than Bees in Uganda

After three years of growth, supplies from abroad of insects; live, other than beeses decreased by -6.7% to 1.2B units in 2022. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports reached the peak of 1.3B units, and then shrank in the following year.

In value terms, insects; live, other than bees imports contracted significantly to $6.7K in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 87%. As a result, imports attained the peak of $8.7K, and then dropped significantly in the following year.

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

1. Netherlands (1180.7M units)
2. Kenya (7.9M units)

Exports of Insects; Live, Other than Bees in Uganda

In 2022, overseas shipments of insects; live, other than beeses were finally on the rise to reach 12M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a dramatic downturn. The exports peaked at 107M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, insects; live, other than bees exports skyrocketed to $41 in 2022. Over the period under review, exports, however, continue to indicate a sharp descent. Over the period under review, the exports reached the maximum at $195 in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Oman (12.2M units)

Source: IndexBox Market Intelligence Platform