Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia - 2023
Contents:
- Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia (CIF) - 2022
- Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia (FOB) - 2022
- Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia
- Exports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia
Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia (CIF) - 2022
The average import price for aquatic invertebrates; jellyfish, prepared or preserveds stood at $6,682 per ton in 2022, with an increase of 351% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. Over the period under review, average import prices attained the maximum at $10,420 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($10,393 per ton), while the price for Thailand ($3,520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia (FOB) - 2022
In 2022, the average export price for aquatic invertebrates; jellyfish, prepared or preserveds amounted to $6,923 per ton, jumping by 54% against the previous year. In general, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($8,395 per ton), while the average price for exports to Brunei Darussalam ($3,066 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 Australia (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia
In 2022, the amount of aquatic invertebrates; jellyfish, prepared or preserveds imported into Malaysia contracted significantly to 59 tons, with a decrease of -95.6% on 2021. Over the period under review, imports recorded a dramatic shrinkage. The growth pace was the most rapid in 2021 with an increase of 329% against the previous year. As a result, imports attained the peak of 1.3K tons, and then declined remarkably in the following year.
In value terms, imports of aquatic invertebrates; jellyfish, prepared or preserveds declined sharply to $393K in 2022. Overall, imports saw a sharp slump. The growth pace was the most rapid in 2021 with an increase of 166% against the previous year. As a result, imports reached the peak of $2M, and then declined significantly in the following year.
| Import of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 27.3 | 31.2 | 18.7 | 157 | 79.2% |
| Taiwan (Chinese) | 43.6 | 15.4 | 19.9 | 143 | 48.6% |
| China | 21.8 | 29.0 | 12.1 | 78.5 | 53.3% |
| Thailand | 354 | 106 | 51.4 | 11.4 | -68.2% |
| Honduras | 73.1 | 7.3 | 18.0 | N/A | -50.4% |
| Bahrain | 478 | 496 | 1,831 | N/A | 95.7% |
| Others | 89.7 | 61.8 | 35.7 | 3.2 | -67.1% |
| Total | 1,088 | 747 | 1,987 | 393 | -28.8% |
Top Suppliers of Aquatic Invertebrates; Jellyfish, Prepared or Preserved to Malaysia in 2022:
- Japan (22.9 tons)
- China (16.2 tons)
- Taiwan (Chinese) (16.2 tons)
- Thailand (3.2 tons)
Exports of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia
Exports of aquatic invertebrates; jellyfish, prepared or preserveds from Malaysia reduced markedly to 12 tons in 2022, shrinking by -89.1% against the year before. Overall, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 214% against the previous year. As a result, the exports reached the peak of 113 tons, and then contracted sharply in the following year.
In value terms, exports of aquatic invertebrates; jellyfish, prepared or preserveds reduced notably to $85K in 2022. Over the period under review, exports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 287% against the previous year. As a result, the exports reached the peak of $506K, and then shrank rapidly in the following year.
| Export of Aquatic Invertebrates; Jellyfish, Prepared or Preserved in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.8 | 1.1 | 54.6 | 69.9 | 343.7% |
| Australia | 29.4 | 5.9 | 22.4 | 11.7 | -26.4% |
| Brunei Darussalam | 0.4 | 0.3 | 4.5 | 3.8 | 111.8% |
| South Korea | 45.9 | 6.4 | 83.7 | N/A | 35.0% |
| Vietnam | 9.6 | 2.5 | 19.5 | N/A | 42.5% |
| United States | 87.2 | 107 | 294 | N/A | 83.6% |
| Others | 0.8 | 7.0 | 27.2 | N/A | 483.1% |
| Total | 174 | 131 | 506 | 85.4 | -21.1% |
Top Export Markets for Aquatic Invertebrates; Jellyfish, Prepared or Preserved from Malaysia in 2022:
- Singapore (8.3 tons)
- Australia (2.8 tons)
- Brunei Darussalam (1.2 tons)
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