Malaysia: Freshwater Fish Market 2024

Freshwater Fish Market Size in Malaysia

The Malaysian freshwater fish market was finally on the rise to reach $X in 2022, after three years of decline. In general, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Freshwater fish consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Freshwater Fish Production in Malaysia

In value terms, freshwater fish production declined slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Freshwater Fish Exports

Exports from Malaysia

In 2022, the amount of freshwater fish exported from Malaysia contracted markedly to X tons, which is down by X% compared with 2021 figures. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, freshwater fish exports reduced remarkably to $X in 2022. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for freshwater fish exports from Malaysia, accounting for a X% share of total exports. Moreover, freshwater fish exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Hong Kong SAR (X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for freshwater fish exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average freshwater fish export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Freshwater Fish Imports

Imports into Malaysia

In 2022, supplies from abroad of freshwater fish increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, freshwater fish imports surged to $X in 2022. Overall, imports, however, showed a drastic downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and Thailand (X tons) were the main suppliers of freshwater fish imports to Malaysia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), China ($X) and Vietnam ($X) constituted the largest freshwater fish suppliers to Malaysia, together accounting for X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average freshwater fish import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw prominent growth. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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