Insects; Live, Bees Price in Hong Kong SAR - 2022

Insects; Live, Bees Price in Hong Kong SAR (CIF) - 2022

In 2022, the average insects; live, bees import price amounted to $20 per unit, leveling off at the previous year. In general, the import price, however, showed a significant decline. The import price peaked at $180 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2015 to 2022, the rate of growth in terms of prices for Brazil amounted to -100.0% per year.

Insects; Live, Bees Imports in Hong Kong SAR

In 2022, overseas purchases of insects; live, beeses decreased by -8.5% to 324 units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +4.8% over the period from 2020 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of 354 units, and then dropped in the following year.

In value terms, insects; live, bees imports contracted to $6.6K in 2022. The total import value increased at an average annual rate of +4.9% from 2020 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, imports attained the peak of $7.2K, and then declined in the following year.