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

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, waning by -78.7% against the previous year. In general, the export price faced a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 63% against the previous year. As a result, the export price attained the peak level of $0.3 per thousand units. From 2019 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.8% per year.

Exports of Insects; Live, Other than Bees in Colombia

After three years of growth, overseas shipments of insects; live, other than beeses decreased by -98.1% to 39M units in 2022. In general, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 531% against the previous year. As a result, the exports attained the peak of 2B units, and then shrank rapidly in the following year.

In value terms, insects; live, other than bees exports shrank significantly to $1.3K in 2022. Over the period under review, exports showed a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 462%. As a result, the exports attained the peak of $321K, and then dropped remarkably in the following year.

Export of Insects; Live, Other than Bees in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	N/A	N/A	1.4	1.3	-7.1%
Germany	N/A	22.3	149	N/A	568.2%
Austria	0.1	0.3	0.3	N/A	73.2%
United States	22.5	3.3	6.8	N/A	-45.0%
United Arab Emirates	4.7	9.2	12.3	N/A	61.8%
Others	5.8	22.2	151	N/A	410.2%
Total	33.1	57.2	321	1.3	-66.0%