Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia - 2024
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia (FOB) - 2022
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia (CIF) - 2022
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia (FOB) - 2022
In 2022, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $5,490 per ton, standing approx. at the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs at $6,026 per ton in 2018; however, from 2019 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 Taiwan (Chinese) ($10,575 per ton), while the average price for exports to Brunei Darussalam ($4,554 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 Thailand (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia (CIF) - 2022
In 2022, the average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $1,220 per ton, shrinking by -43.8% against the previous year. Overall, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the peak figure at $6,608 per ton in 2017; however, from 2018 to 2022, import prices stood 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 Vietnam ($7,979 per ton), while the price for China ($1,008 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia
In 2022, after two years of decline, there was growth in shipments abroad of mollusc preparations; cuttle fish and squid, prepared or preserveds, when their volume increased by 4% to 3.7K tons. Overall, exports, however, showed a perceptible setback.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $20M in 2022. Over the period under review, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 7.2 | 3.9 | 7.0 | 6.9 | -1.4% |
| Australia | 7.2 | 5.9 | 6.3 | 6.3 | -4.4% |
| Singapore | 1.9 | 2.2 | 2.2 | 2.6 | 11.0% |
| Taiwan (Chinese) | 0.7 | 0.5 | 0.5 | 0.7 | 0.0% |
| France | 0.5 | 0.3 | 0.5 | 0.6 | 6.3% |
| Hong Kong SAR | 0.5 | 0.4 | 0.8 | 0.5 | 0.0% |
| Brunei Darussalam | 0.4 | 0.5 | 0.7 | 0.4 | 0.0% |
| Thailand | 0.6 | 0.3 | 0.1 | 0.3 | -20.6% |
| New Zealand | 0.6 | 0.4 | 0.4 | 0.3 | -20.6% |
| Vietnam | N/A | 1.2 | 0.1 | N/A | -91.7% |
| Others | 3.4 | 1.0 | 1.2 | 1.7 | -20.6% |
| Total | 23.0 | 16.7 | 19.7 | 20.4 | -3.9% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Malaysia in 2022:
- Australia (1320.2 tons)
- United Kingdom (1164.3 tons)
- Singapore (520.4 tons)
- Brunei Darussalam (97.1 tons)
- France (94.5 tons)
- Hong Kong SAR (67.0 tons)
- Taiwan (Chinese) (63.1 tons)
- New Zealand (54.0 tons)
- Thailand (47.3 tons)
- Vietnam (7.5 tons)
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia
For the fourth consecutive year, Malaysia recorded growth in overseas purchases of mollusc preparations; cuttle fish and squid, prepared or preserveds, which increased by 328% to 11K tons in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds skyrocketed to $13M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 2.1 | 3.2 | 10.3 | 125.4% |
| Taiwan (Chinese) | 1.7 | 1.4 | 1.2 | 1.6 | -2.0% |
| Singapore | 0.6 | 0.3 | 0.5 | 0.4 | -12.6% |
| Others | 0.6 | 0.4 | 0.6 | 0.8 | 10.1% |
| Total | 3.8 | 4.2 | 5.4 | 13.1 | 51.1% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Malaysia in 2022:
- China (10.2K tons)
- Taiwan (Chinese) (0.4K tons)
- Singapore (0.1K tons)
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