Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia - 2024
Contents:
- Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia (FOB) - 2024
- Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia (CIF) - 2022
- Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia
- Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia
Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia (FOB) - 2024
In December 2023, the average export price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $15,306 per ton, increasing by 7.9% against the previous month. Overall, the export price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in July 2023 an increase of 37% month-to-month. Over the period under review, the average export prices reached the peak figure at $22,093 per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was China ($15,579 per ton), while the average price for exports to Hong Kong SAR totaled $7,512 per ton.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.1%).
Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia (CIF) - 2022
The average import price for aquatic invertebrates; sea cucumbers, prepared or preserveds stood at $20,802 per ton in 2022, growing by 133% against the previous year. Overall, the import price saw a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($32,155 per ton), while the price for India ($2,566 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia
For the fourth consecutive year, Malaysia recorded growth in overseas shipments of aquatic invertebrates; sea cucumbers, prepared or preserveds, which increased by 2,469% to 747 tons in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of aquatic invertebrates; sea cucumbers, prepared or preserveds soared to $12M in 2022. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 0.2 | 11.3 | 5550.0% |
| Singapore | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Total | 0.2 | 0.3 | 0.5 | 11.7 | 288.2% |
Top Export Markets for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved from Malaysia in 2022:
- China (725.0 tons)
- Singapore (11.3 tons)
Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia
In 2022, the amount of aquatic invertebrates; sea cucumbers, prepared or preserveds imported into Malaysia soared to 40 tons, growing by 72% on the previous year. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 253% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of aquatic invertebrates; sea cucumbers, prepared or preserveds soared to $824K in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.1 | N/A | 36.3 | 757 | 336.5% |
| Indonesia | 46.3 | 14.1 | 58.7 | 61.3 | 9.8% |
| India | N/A | 6.2 | N/A | 4.7 | -12.9% |
| Papua New Guinea | 11.6 | 13.7 | 47.3 | N/A | 101.9% |
| Philippines | 51.6 | 1.3 | 54.4 | N/A | 2.7% |
| Others | 21.1 | 20.0 | 9.3 | 1.4 | -59.5% |
| Total | 140 | 55.3 | 206 | 824 | 80.6% |
Top Suppliers of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved to Malaysia in 2022:
- China (23.5 tons)
- Indonesia (14.1 tons)
- India (1.8 tons)
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