Malaysia: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Malaysia

After five years of growth, the Malaysian crabs, not frozen market decreased by -3.8% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. Crabs, not frozen consumption peaked at $X in 2021, and then reduced in the following year.

Crabs, Not Frozen Exports

Exports from Malaysia

In 2022, shipments abroad of crabs, not frozen was finally on the rise to reach X tons after five years of decline. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 246%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, crabs, not frozen exports dropped to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 272% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Singapore (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) were the main destinations of crabs, not frozen exports from Malaysia, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +71.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crabs, not frozen exported from Malaysia were Singapore ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), with a combined 97% share of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +82.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average crabs, not frozen export price amounted to $X per ton, which is down by -13.1% against the previous year. In general, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 44% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Singapore ($X 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 Singapore (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Crabs, Not Frozen Imports

Imports into Malaysia

After five years of growth, supplies from abroad of crabs, not frozen decreased by -2.6% to X tons in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.6% against 2015 indices. The pace of growth appeared the most rapid in 2015 with an increase of 25% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, crabs, not frozen imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 35% against the previous year. Imports peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Indonesia (X tons) was the main crabs, not frozen supplier to Malaysia, accounting for a 91% share of total imports. It was followed by Bangladesh (X tons), with a 2.2% share of total imports. The third position in this ranking was held by the UK (X tons), with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (-12.8% per year) and the UK (+25.5% per year).

In value terms, Indonesia ($X) constituted the largest supplier of crabs, not frozen to Malaysia, comprising 73% of total imports. The second position in the ranking was held by the UK ($X), with an 11% share of total imports. It was followed by Bangladesh, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+50.0% per year) and Bangladesh (-20.0% per year).

Import Prices by Country

The average crabs, not frozen import price stood at $X per ton in 2022, increasing by 1.6% against the previous year. Overall, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 the UK ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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