Malaysia: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in Malaysia

In 2019, the Malaysian market for dried cod, whether or not salted decreased by -X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Consumption peaked at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Production of Dried Cod, Whether Or Not Salted in Malaysia

In value terms, production of dried cod, whether or not salted dropped dramatically to $X in 2019 estimated in export prices. In general, production, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Production peaked at $X in 2016; however, from 2017 to 2019, production remained at a lower figure.

Exports of Dried Cod, Whether Or Not Salted

Exports from Malaysia

In 2019, overseas shipments of dried cod, whether or not salted increased by X% to X kg, rising for the fifth consecutive year after five years of decline. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. As a result, exports attained the peak of X kg. From 2010 to 2019, the growth of exports remained at a lower figure.

In value terms, exports of dried cod, whether or not salted soared to $X in 2019. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2010 to 2019, the growth of exports remained at a lower figure.

Exports by Country

Singapore (X kg) was the main destination for exports of dried cod, whether or not salted from Malaysia, with a X% share of total exports. Moreover, exports of dried cod, whether or not salted to Singapore exceeded the volume sent to the second major destination, Australia (X kg), twofold.

From 2007 to 2019, the average annual growth rate of volume to Singapore totaled +X%.

In value terms, Singapore ($X) and Australia ($X) appeared to be the largest markets for dried cod, whether or not salted exported from Malaysia worldwide, together accounting for X% of total exports.

Among the main countries of destination, Singapore (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average export price for dried cod, whether or not salted stood at $X per ton in 2019, dropping by -X% against the previous year. Over the period under review, the export price recorded a slight setback. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major external markets. In 2019, the country with the highest price was Australia ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Australia.

Imports of Dried Cod, Whether Or Not Salted

Imports into Malaysia

After two years of growth, supplies from abroad of dried cod, whether or not salted decreased by -X% to X kg in 2019. Over the period under review, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, imports of dried cod, whether or not salted skyrocketed to $X in 2019. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Myanmar (X kg) constituted the largest dried cod, whether or not salted supplier to Malaysia, with a X% share of total imports. Moreover, imports of dried cod, whether or not salted from Myanmar exceeded the figures recorded by the second-largest supplier, Indonesia (X kg), tenfold.

From 2007 to 2019, the average annual growth rate of volume from Myanmar totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, Myanmar ($X) constituted the largest supplier of dried cod, whether or not salted to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Myanmar amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-X% per year) and Indonesia (-X% per year).

Import Prices by Country

The average import price for dried cod, whether or not salted stood at $X per ton in 2019, picking up by X% against the previous year. Overall, the import price recorded a moderate increase. The import price peaked at $X per ton in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Myanmar ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Myanmar, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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