Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia - 2024
Contents:
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia (FOB) - 2022
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia (CIF) - 2022
- Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia
- Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia (FOB) - 2022
In 2022, the average export price for edible products of animal origin; not elsewhere specified or includeds amounted to $5,867 per ton, with a decrease of -4.3% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 69%. The export price peaked at $23,192 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($10,242 per ton), while the average price for exports to Vietnam ($2,797 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 Macao SAR (-3.8%), while the prices for the other major destinations experienced a decline.
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia (CIF) - 2022
In 2022, the average import price for edible products of animal origin; not elsewhere specified or includeds amounted to $11,351 per ton, rising by 3.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 43% against the previous year. Over the period under review, average import prices attained the peak figure at $25,716 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($47,000 per ton), while the price for China stood at $8,523 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+16.4%).
Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia
For the fourth year in a row, Malaysia recorded growth in shipments abroad of edible products of animal origin; not elsewhere specified or includeds, which increased by 18% to 52K tons in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 46%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of edible products of animal origin; not elsewhere specified or includeds rose markedly to $303M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 97.1 | 129 | 192 | 252 | 37.4% |
| Hong Kong SAR | 19.0 | 79.6 | 58.2 | 24.5 | 8.8% |
| Macao SAR | 4.0 | 0.1 | 4.7 | 10.7 | 38.8% |
| Vietnam | 9.1 | 2.2 | 7.1 | 10.4 | 4.6% |
| Others | 6.4 | 5.4 | 6.9 | 5.6 | -4.4% |
| Total | 136 | 216 | 269 | 303 | 30.6% |
Top Export Markets for Edible Products of Animal Origin; Not Elsewhere Specified or Included from Malaysia in 2022:
- China (43.5K tons)
- Vietnam (3.7K tons)
- Hong Kong SAR (2.6K tons)
- Macao SAR (1.0K tons)
Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia
In 2022, imports of edible products of animal origin; not elsewhere specified or includeds into Malaysia soared to 54 tons, with an increase of 79% compared with the previous year's figure. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 168%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of edible products of animal origin; not elsewhere specified or includeds skyrocketed to $611K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 102 | 86.8 | 198 | 433 | 61.9% |
| Brazil | 30.2 | 9.5 | 19.4 | 140 | 66.7% |
| Singapore | 47.2 | 2.3 | 90.5 | N/A | 38.5% |
| Turkey | N/A | N/A | 13.8 | N/A | 0% |
| Others | 49.8 | 121 | 7.5 | 38.2 | -8.5% |
| Total | 229 | 219 | 330 | 611 | 38.7% |
Top Suppliers of Edible Products of Animal Origin; Not Elsewhere Specified or Included to Malaysia in 2022:
- China (50.8 tons)
- Brazil (3.0 tons)
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