Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Malaysia - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia (CIF) - 2022
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia (FOB) - 2022
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia (CIF) - 2022
In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $1,245 per ton, dropping by -63.2% against the previous year. Over the period under review, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $7,420 per ton. From 2017 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 Indonesia ($19,552 per ton), while the price for China ($1,127 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia (FOB) - 2022
The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $17,107 per ton in 2022, picking up by 167% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($17,834 per ton), while the average price for exports to the Philippines amounted to $5,214 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia
In 2022, approx. 637 tons of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were imported into Malaysia; picking up by 380% compared with 2021. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses surged to $793K in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 98%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.3 | 9.7 | 113 | 707 | 276.0% |
| Myanmar | 46.7 | 88.2 | 124 | N/A | 62.9% |
| Australia | 234 | 16.0 | 133 | N/A | -24.6% |
| Others | 80.4 | 113 | 78.6 | 86.1 | 2.3% |
| Total | 374 | 227 | 449 | 793 | 28.5% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Malaysia in 2022:
- China (627.2 tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia
In 2022, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses from Malaysia dropped remarkably to 37 tons, declining by -96.7% on the previous year's figure. Over the period under review, exports recorded a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of 1.1K tons, and then fell sharply in the following year.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses contracted sharply to $626K in 2022. Overall, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 677 | 558 | 707 | 615 | -3.2% |
| Philippines | 10.9 | 14.9 | 13.4 | 11.0 | 0.3% |
| South Korea | 276 | 287 | 212 | N/A | -12.4% |
| Norway | 428 | 180 | 471 | N/A | 4.9% |
| New Zealand | 279 | 590 | 365 | N/A | 14.4% |
| Japan | 823 | 983 | 490 | N/A | -22.8% |
| China | 47.9 | 77.1 | 87.7 | N/A | 35.3% |
| South Africa | 1,455 | 431 | 659 | N/A | -32.7% |
| Australia | 1,805 | 2,263 | 3,045 | N/A | 29.9% |
| Others | 1,655 | 544 | 1,150 | N/A | -16.6% |
| Total | 7,458 | 5,930 | 7,200 | 626 | -56.2% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from Malaysia in 2022:
- Singapore (34.5 tons)
- Philippines (2.1 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Malaysia.
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