Price for Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia - 2024
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia (CIF) - 2022
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia (FOB) - 2022
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia
- Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia (CIF) - 2022
The average import price for mollusc preparations; octopus, prepared or preserveds stood at $2,611 per ton in 2022, declining by -38.7% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 45%. Over the period under review, average import prices attained the peak figure at $8,218 per ton in 2018; however, from 2019 to 2022, 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 Singapore ($9,693 per ton), while the price for China ($2,318 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia (FOB) - 2022
The average export price for mollusc preparations; octopus, prepared or preserveds stood at $6,571 per ton in 2022, falling by -36.1% against the previous year. Over the period under review, the export price, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 74%. The export price peaked at $10,287 per ton in 2021, and then dropped sharply in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($11,359 per ton), while the average price for exports to Thailand ($1,003 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia
Imports of mollusc preparations; octopus, prepared or preserveds into Malaysia surged to 2.6K tons in 2022, growing by 143% against 2021. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 251% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds soared to $6.8M in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 147% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 1.3 | 4.0 | 5.7 | 59.7% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 0.3 | 0.4 | 0.4 | 0.9 | 44.2% |
| Total | 1.9 | 1.8 | 4.6 | 6.8 | 53.0% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Malaysia in 2022:
- China (2472.6 tons)
- Taiwan (Chinese) (28.9 tons)
Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia
In 2022, exports of mollusc preparations; octopus, prepared or preserveds from Malaysia skyrocketed to 72 tons, with an increase of 348% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of mollusc preparations; octopus, prepared or preserveds soared to $474K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Mollusc Preparations; Octopus, Prepared or Preserved in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 76.3 | 126 | 378 | 122.6% |
| Singapore | 156 | 36.4 | 39.3 | 67.1 | -24.5% |
| Thailand | N/A | N/A | N/A | 27.3 | 0% |
| China | 21.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 2.1 | 0% |
| Total | 178 | 113 | 166 | 474 | 38.6% |
Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from Malaysia in 2022:
- Indonesia (33.3 tons)
- Thailand (27.2 tons)
- Singapore (11.2 tons)
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