Malaysia: Preserved Herring Market 2024

Preserved Herring Market Size in Malaysia

The Malaysian preserved herring market shrank slightly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Preserved Herring Production in Malaysia

In value terms, preserved herring production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Preserved Herring Exports

Exports from Malaysia

For the fifth consecutive year, Malaysia recorded growth in overseas shipments of herrings (prepared or preserved), which increased by X% to X tons in 2022. Overall, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, preserved herring exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons), Singapore (X tons) and Australia (X tons) were the main destinations of preserved herring exports from Malaysia.

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

In value terms, Brunei Darussalam ($X), Australia ($X) and Singapore ($X) constituted the largest markets for preserved herring exported from Malaysia worldwide.

In terms of the main countries of destination, Brunei Darussalam, with a CAGR of X%, saw the highest rates of growth with regard to 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 preserved herring export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved herring export price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Singapore ($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 the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Herring Imports

Imports into Malaysia

In 2022, the amount of herrings (prepared or preserved) imported into Malaysia skyrocketed to X tons, with an increase of X% compared with the previous year. Overall, imports, however, continue to indicate a pronounced contraction. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preserved herring imports soared to $X in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest preserved herring supplier to Malaysia, with a X% share of total imports. Moreover, preserved herring imports from Poland exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and China (X% per year).

In value terms, Poland ($X) constituted the largest supplier of herrings (prepared or preserved) to Malaysia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average preserved herring import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved herring import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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