Price for Insects; Live, Other than Bees in Malaysia - 2024

Contents:

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

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

The average export price for insects; live, other than beeses stood at less than $0.1 per thousand units in 2022, growing by 3.6% against the previous year. Over the last six years, it increased at an average annual rate of +5.7%. The pace of growth appeared the most rapid in 2017 an increase of 35%. Over the period under review, the average export prices hit record highs at less than $0.1 per thousand units in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR (less than $0.1 per thousand units) and Canada (less than $0.1 per thousand units), while the average price for exports to the UK (less than $0.1 per thousand units) and the Netherlands (less than $0.1 per thousand units) were amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for insects; live, other than beeses amounted to less than $0.1 per thousand units, shrinking by -96% against the previous year. Overall, the import price continues to indicate a sharp decline. The pace of growth appeared the most rapid in 2018 an increase of 1,229% against the previous year. The import price peaked at $0.5 per thousand units in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -4.0% per year.

Exports of Insects; Live, Other than Bees in Malaysia

In 2022, the amount of insects; live, other than beeses exported from Malaysia skyrocketed to 15B units, surging by 94% compared with 2021 figures. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, insects; live, other than bees exports skyrocketed to $249K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (8.6B units)
2. Singapore (2.7B units)
3. Germany (2.2B units)
4. Netherlands (0.5B units)
5. Canada (0.4B units)
6. United Kingdom (0.3B units)
7. Hong Kong SAR (0.3B units)

Imports of Insects; Live, Other than Bees in Malaysia

In 2022, the amount of insects; live, other than beeses imported into Malaysia skyrocketed to 4.6B units, picking up by 741% on 2021 figures. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,300%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, insects; live, other than bees imports contracted notably to $3K in 2022. Overall, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 254% against the previous year. As a result, imports attained the peak of $9.1K, and then declined significantly in the following year.

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

1. Germany (0.2B units)

Source: IndexBox Market Intelligence Platform