Malaysia - Fish Fillets and Other Fish Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Fillets and Other Fish Meat in Malaysia - 2024
Contents:
- Price for Fish Fillets and Other Fish Meat in Malaysia (CIF) - 2024
- Price for Fish Fillets and Other Fish Meat in Malaysia (FOB) - 2024
- Imports of Fish Fillets and Other Fish Meat in Malaysia
- Exports of Fish Fillets and Other Fish Meat in Malaysia
Price for Fish Fillets and Other Fish Meat in Malaysia (CIF) - 2024
The average import price for fish fillets and other fish meat stood at $2,258 per ton in January 2024, growing by 1.5% against the previous month. Overall, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 15% month-to-month. The import price peaked at $2,794 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($4,180 per ton), while the price for Poland ($1,081 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Singapore (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Fish Fillets and Other Fish Meat in Malaysia (FOB) - 2024
In January 2024, the average export price for fish fillets and other fish meat amounted to $2,954 per ton, shrinking by -2.8% against the previous month. Overall, the export price recorded a slight decrease. The pace of growth appeared the most rapid in July 2023 an increase of 16% m-o-m. The export price peaked at $3,597 per ton in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was the United States ($8,211 per ton), while the average price for exports to Mali ($1,027 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fish Fillets and Other Fish Meat in Malaysia
After three years of growth, overseas purchases of fish fillets and other fish meat decreased by -6.8% to 62K tons in 2022. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 67K tons, and then shrank in the following year.
In value terms, imports of fish fillets and other fish meat declined to $157M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, imports attained the peak of $174M, and then shrank in the following year.
| Import of Fish Fillets and Other Fish Meat in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 54.9 | 48.7 | 58.3 | 49.4 | -3.5% |
| Indonesia | 22.4 | 29.6 | 34.4 | 29.0 | 9.0% |
| China | 29.8 | 19.0 | 23.9 | 21.9 | -9.8% |
| India | 7.5 | 10.6 | 10.6 | 15.6 | 27.7% |
| Singapore | 4.3 | 2.1 | 7.1 | 8.1 | 23.5% |
| Thailand | 6.7 | 6.2 | 8.1 | 6.8 | 0.5% |
| Poland | 0.3 | 1.4 | 2.6 | 2.2 | 94.3% |
| Others | 21.7 | 21.9 | 28.5 | 23.5 | 2.7% |
| Total | 148 | 140 | 174 | 157 | 2.0% |
Top Suppliers of Fish Fillets and Other Fish Meat to Malaysia in 2022:
- Vietnam (26.2K tons)
- Indonesia (9.8K tons)
- India (6.7K tons)
- Singapore (6.3K tons)
- China (4.0K tons)
- Poland (1.9K tons)
- Thailand (1.7K tons)
Exports of Fish Fillets and Other Fish Meat in Malaysia
In 2022, shipments abroad of fish fillets and other fish meat was finally on the rise to reach 16K tons after two years of decline. In general, exports, however, recorded a abrupt shrinkage.
In value terms, exports of fish fillets and other fish meat stood at $44M in 2022. Over the period under review, exports, however, showed a pronounced reduction.
| Export of Fish Fillets and Other Fish Meat in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.5 | 2.3 | 3.5 | 9.7 | 86.3% |
| Singapore | 7.2 | 6.8 | 11.9 | 8.0 | 3.6% |
| United States | 6.6 | 5.4 | 5.8 | 6.6 | 0.0% |
| Japan | 15.0 | 10.8 | 6.3 | 6.0 | -26.3% |
| Australia | 3.2 | 4.5 | 3.1 | 2.7 | -5.5% |
| Hong Kong SAR | 2.5 | 2.7 | 1.7 | 2.5 | 0.0% |
| United Arab Emirates | 0.6 | 0.6 | 1.4 | 1.3 | 29.4% |
| China | 2.9 | 3.0 | 1.7 | 1.3 | -23.5% |
| Thailand | 2.4 | 0.9 | 0.1 | 0.7 | -33.7% |
| Cote d'Ivoire | 0.9 | 0.8 | 0.7 | 0.6 | -12.6% |
| Mali | 0.2 | 0.1 | 0.6 | 0.5 | 35.7% |
| Senegal | 1.2 | 0.7 | 0.2 | 0.5 | -25.3% |
| Vietnam | 0.2 | 0.2 | 0.5 | 0.4 | 26.0% |
| Others | 6.0 | 6.1 | 6.1 | 3.7 | -14.9% |
| Total | 50.3 | 45.0 | 43.7 | 44.4 | -4.1% |
Top Export Markets for Fish Fillets and Other Fish Meat from Malaysia in 2022:
- Saudi Arabia (5.2K tons)
- Japan (2.6K tons)
- Singapore (1.6K tons)
- United States (0.8K tons)
- Cote d'Ivoire (0.7K tons)
- United Arab Emirates (0.6K tons)
- Mali (0.6K tons)
- Senegal (0.5K tons)
- Thailand (0.5K tons)
- Hong Kong SAR (0.5K tons)
- China (0.4K tons)
- Australia (0.3K tons)
- Vietnam (0.3K tons)
This report provides an in-depth analysis of the market for fish fillets and other fish meat in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201100 - Fresh or chilled fish fillets and other fish meat without bones
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201110 -
- Prodcom 10201510 -
- Prodcom 10201520 -
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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