Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia - 2024
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (FOB) - 2022
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (CIF) - 2022
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (FOB) - 2022
The average export price for crustacean preparations; lobster, prepared or preserveds stood at $4,085 per ton in 2022, with a decrease of -18.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $5,150 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($4,330 per ton), while the average price for exports to Myanmar ($474 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 Brunei Darussalam (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (CIF) - 2022
In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $9,571 per ton, waning by -51.6% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 96% against the previous year. As a result, import price reached the peak level of $19,819 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($28,479 per ton), while the price for China ($2,707 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia
In 2022, shipments abroad of crustacean preparations; lobster, prepared or preserveds decreased by -70.5% to 56 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds dropped remarkably to $230K in 2022. Overall, exports faced a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 19%.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 307 | 272 | 500 | 215 | -11.2% |
| Brunei Darussalam | N/A | 15.1 | 34.0 | 3.9 | -49.2% |
| Myanmar | N/A | N/A | N/A | 1.9 | 0% |
| United States | 20.9 | 12.7 | 26.3 | N/A | 12.2% |
| Philippines | 333 | 408 | 201 | N/A | -22.3% |
| Canada | 95.7 | 190 | 189 | N/A | 40.5% |
| Others | 3.0 | 3.8 | 3.8 | 8.3 | 40.4% |
| Total | 759 | 902 | 954 | 230 | -32.8% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Malaysia in 2022:
- Singapore (50.6 tons)
- Myanmar (4.0 tons)
- Brunei Darussalam (0.9 tons)
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia
In 2022, imports of crustacean preparations; lobster, prepared or preserveds into Malaysia dropped sharply to 3 tons, waning by -77.4% compared with the previous year's figure. In general, imports saw a precipitous decrease. The smallest decline of -42.4% was in 2020.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds shrank rapidly to $28K in 2022. Over the period under review, imports saw a sharp slump. The growth pace was the most rapid in 2020 when imports increased by 13%. As a result, imports reached the peak of $472K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 246 | 411 | N/A | 14.4 | -61.2% |
| Singapore | 58.7 | 58.8 | 260 | 8.1 | -48.3% |
| China | N/A | N/A | N/A | 2.9 | 0% |
| Japan | N/A | N/A | N/A | 1.4 | 0% |
| United States | 56.2 | N/A | N/A | N/A | 0% |
| Indonesia | 46.6 | 2.7 | N/A | N/A | -94.2% |
| Others | 10.2 | N/A | N/A | 1.6 | -46.1% |
| Total | 418 | 472 | 260 | 28.4 | -59.2% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Malaysia in 2022:
- Canada (1520.0 kg)
- China (1080.0 kg)
- Singapore (295.0 kg)
- Japan (48.0 kg)
476
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Malaysia.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
476
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Malaysia.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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