Malaysia: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Malaysia

In 2021, the Malaysian market for caviar (salmon) and caviar substitutes increased by 19% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a pronounced decline. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Caviar (Salmon) And Caviar Substitutes in Malaysia

In value terms, caviar (salmon) and caviar substitutes production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Malaysia

Caviar (salmon) and caviar substitutes exports from Malaysia declined dramatically to X tons in 2021, which is down by -80.1% on the previous year's figure. Overall, exports faced a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 81%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes exports declined sharply to $X in 2021. Over the period under review, exports saw a sharp descent. The pace of growth appeared the most rapid in 2019 with an increase of 84%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from Malaysia, with a 76% share of total exports. Moreover, caviar (salmon) and caviar substitutes exports to Macao SAR exceeded the volume sent to the second major destination, Singapore (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR totaled +173.0%.

In value terms, the largest markets for caviar (salmon) and caviar substitutes exported from Malaysia were Macao SAR ($X) and Singapore ($X).

Macao SAR, with a CAGR of +282.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, which is down by -10.7% against the previous year. Over the period under review, the export price showed a pronounced setback. The pace of growth was the most pronounced in 2018 an increase of 21%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Macao SAR stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+39.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Malaysia

Caviar (salmon) and caviar substitutes imports into Malaysia surged to X tons in 2021, increasing by 108% against the previous year's figure. Overall, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2021. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest caviar (salmon) and caviar substitutes supplier to Malaysia, with a 77% share of total imports. Moreover, caviar (salmon) and caviar substitutes imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.7% per year) and Singapore (+3.6% per year).

In value terms, China ($X), Japan ($X) and Singapore ($X) appeared to be the largest caviar (salmon) and caviar substitutes suppliers to Malaysia, together comprising 93% of total imports.

In terms of the main suppliers, China, with a CAGR of +31.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, surging by 30% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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