Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia - 2023
Contents:
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia (CIF) - 2022
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia (FOB) - 2023
- Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia
- Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia (CIF) - 2022
In 2022, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $1,755 per ton, falling by -44.7% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 53% against the previous year. The import price peaked at $9,850 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($10,529 per ton), while the price for China ($1,243 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia (FOB) - 2023
The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $7,152 per ton in December 2023, reducing by -4% against the previous month. In general, the export price recorded a noticeable descent. The growth pace was the most rapid in September 2023 when the average export price increased by 26% against the previous month. The export price peaked at $9,178 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($15,579 per ton), while the average price for exports to Vietnam ($2,757 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia
For the fourth year in a row, Malaysia recorded growth in purchases abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds, which increased by 172% to 36K tons in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds soared to $64M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.8 | 20.2 | 28.7 | 42.2 | 28.7% |
| Taiwan (Chinese) | 2.6 | 2.2 | 2.3 | 3.4 | 9.4% |
| Thailand | 3.0 | 1.0 | 0.7 | 2.1 | -11.2% |
| Others | 14.7 | 10.5 | 10.7 | 16.0 | 2.9% |
| Total | 40.0 | 33.9 | 42.4 | 63.7 | 16.8% |
Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Malaysia in 2022:
- China (34.0K tons)
- Taiwan (Chinese) (0.5K tons)
- Thailand (0.3K tons)
Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia
Exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from Malaysia expanded sharply to 8K tons in 2022, surging by 14% against 2021. The total export volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds soared to $50M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 8.4 | 9.5 | 13.1 | 11.8 | 12.0% |
| Australia | 9.2 | 9.4 | 8.9 | 11.5 | 7.7% |
| China | 0.3 | 0.2 | 0.7 | 11.3 | 235.2% |
| United Kingdom | 7.8 | 5.1 | 7.2 | 7.2 | -2.6% |
| Taiwan (Chinese) | 0.8 | 0.6 | 0.5 | 0.8 | 0.0% |
| Brunei Darussalam | 0.6 | 1.0 | 1.1 | 0.8 | 10.1% |
| United States | 7.3 | 1.3 | 0.4 | 0.7 | -54.2% |
| Thailand | 1.4 | 0.8 | 0.4 | 0.4 | -34.1% |
| Vietnam | 0.3 | 1.9 | 0.8 | 0.2 | -12.6% |
| Japan | 1.8 | 2.3 | 0.4 | N/A | -52.9% |
| Others | 7.2 | 6.7 | 4.7 | 5.3 | -9.7% |
| Total | 45.2 | 38.9 | 38.3 | 50.1 | 3.5% |
Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Malaysia in 2022:
- Singapore (2021.9 tons)
- Australia (1947.3 tons)
- China (1481.8 tons)
- United Kingdom (1193.6 tons)
- Brunei Darussalam (184.0 tons)
- Vietnam (173.7 tons)
- United States (93.2 tons)
- Taiwan (Chinese) (91.6 tons)
- Thailand (78.7 tons)
- Japan (7.1 tons)
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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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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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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