Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia (CIF) - 2022
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia (FOB) - 2022
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia (CIF) - 2022
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $1,600 per ton in 2022, picking up by 23% against the previous year. Overall, the import price, however, recorded a slight descent. The import price peaked at $2,519 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,956 per ton), while the price for China amounted to $1,411 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia (FOB) - 2022
In 2022, the average export price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,173 per ton, surging by 11% against the previous year. Overall, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, the average export prices reached the peak figure at $2,095 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2013 to 2022, the rate of growth in terms of prices for Serbia amounted to +42.9% per year.
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia
In 2022, imports of poultry fat; other than that of heading 0209 or 1503 meat into Malaysia declined remarkably to 320 tons, dropping by -52.2% compared with 2021 figures. Over the period under review, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 1,536%. As a result, imports attained the peak of 670 tons, and then dropped markedly in the following year.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat shrank remarkably to $512K in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 1,731%. As a result, imports reached the peak of $871K, and then shrank remarkably in the following year.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 295 | 0% |
| Germany | 6.1 | 3.6 | 64.5 | 217 | 228.9% |
| France | 259 | 33.5 | 250 | N/A | -1.8% |
| Tunisia | N/A | N/A | 116 | N/A | 0% |
| Iran | N/A | N/A | 10.7 | N/A | 0% |
| Saudi Arabia | N/A | 7.0 | N/A | N/A | 0% |
| Others | 250 | 3.6 | 430 | N/A | 31.1% |
| Total | 516 | 47.6 | 871 | 512 | -0.3% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Malaysia in 2022:
- China (209.3 tons)
- Germany (110.9 tons)
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia
For the third consecutive year, Malaysia recorded growth in shipments abroad of poultry fat; other than that of heading 0209 or 1503 meat, which increased by 140% to 105 tons in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat surged to $123K in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Singapore | N/A | N/A | 123 | 0% | |
| Serbia | 32.3 | 46.2 | N/A | 43.0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 32.3 | 46.3 | 123 | 95.1% | |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Malaysia in 2022:
- Singapore (104.9 tons)
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