Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia - 2023
Contents:
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia (CIF) - 2022
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia (FOB) - 2022
- Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia
- Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia (CIF) - 2022
The average import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s stood at $5,696 per ton in 2022, picking up by 9.4% against the previous year. Over the period under review, import price indicated a prominent expansion from 2013 to 2022: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s decreased by -14.4% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 77%. As a result, import price reached the peak level of $6,655 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($17,095 per ton), while the price for Indonesia ($1,738 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia (FOB) - 2022
The average export price for fish fillets; fresh or chilled, other than fish of heading 0304.4s stood at $3,626 per ton in 2022, rising by 6.7% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 262%. Over the period under review, the average export prices reached the maximum at $12,947 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($8,143 per ton), while the average price for exports to Singapore amounted to $3,622 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+34.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia
In 2022, supplies from abroad of fish fillets; fresh or chilled, other than fish of heading 0304.4s decreased by -60% to 25 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports attained the peak of 131 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s reduced notably to $140K in 2022. Over the period under review, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. As a result, imports reached the peak of $570K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 133 | 20.4 | 88.4 | 46.2 | -29.7% |
| Singapore | 16.2 | 20.7 | 1.3 | 24.3 | 14.5% |
| Vietnam | 87.8 | N/A | N/A | 20.8 | -38.1% |
| Australia | N/A | 62.3 | 5.6 | 17.7 | -46.7% |
| Indonesia | 151 | 138 | 16.0 | 11.2 | -58.0% |
| Norway | 29.3 | 34.1 | N/A | 7.7 | -35.9% |
| China | N/A | 204 | 70.3 | 7.0 | -81.5% |
| Thailand | 58.0 | 30.8 | 88.3 | N/A | 23.4% |
| Mexico | N/A | 8.2 | N/A | N/A | 0% |
| Others | 25.1 | 51.5 | 50.1 | 5.2 | -40.8% |
| Total | 500 | 570 | 320 | 140 | -34.6% |
Top Suppliers of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 to Malaysia in 2022:
- Indonesia (6.5 tons)
- Vietnam (6.2 tons)
- Singapore (4.9 tons)
- Japan (3.6 tons)
- China (1.3 tons)
- Australia (1.2 tons)
- Norway (0.5 tons)
Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia
In 2022, overseas shipments of fish fillets; fresh or chilled, other than fish of heading 0304.4s increased by 26% to 17 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a precipitous decline.
In value terms, exports of fish fillets; fresh or chilled, other than fish of heading 0304.4s skyrocketed to $60K in 2022. In general, exports, however, recorded a dramatic decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 44%. As a result, the exports attained the peak of $304K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 116 | 274 | 44.8 | 60.1 | -19.7% |
| Hong Kong SAR | 23.0 | 10.5 | N/A | 0.1 | -83.7% |
| Saudi Arabia | 57.8 | N/A | N/A | N/A | 0% |
| Others | 13.4 | 19.4 | N/A | N/A | 44.8% |
| Total | 210 | 304 | 44.8 | 60.2 | -34.1% |
Top Export Markets for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 from Malaysia in 2022:
- Singapore (16.6 tons)
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