Malaysia: Market for Dried Or Salted Fish 2025

Market Size for Dried Or Salted Fish in Malaysia

The Malaysian dried or salted fish market soared to $X in 2021, growing by 21% against the previous year. Over the period under review, consumption saw a strong increase. Dried or salted fish consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Dried Or Salted Fish in Malaysia

In value terms, dried or salted fish production contracted rapidly to $X in 2021 estimated in export price. Overall, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 238%. Over the period under review, production reached the peak level at $X in 2020, and then declined dramatically in the following year.

Exports of Dried Or Salted Fish

Exports from Malaysia

Dried or salted fish exports from Malaysia reduced slightly to X tons in 2021, with a decrease of -3.2% on 2020. In general, exports recorded a noticeable decline. The growth pace was the most rapid in 2015 with an increase of 89%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, dried or salted fish exports fell rapidly to $X in 2021. Over the period under review, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 71% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for dried or salted fish exports from Malaysia, with a 77% share of total exports. Moreover, dried or salted fish exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X tons), sixfold. The United States (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-3.0% per year) and the United States (+2.0% per year).

In value terms, Indonesia ($X), Singapore ($X) and the United States ($X) appeared to be the largest markets for dried or salted fish exported from Malaysia worldwide, with a combined 88% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +2.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average dried or salted fish export price amounted to $X per ton, shrinking by -14.7% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or salted fish export price decreased by -17.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Or Salted Fish

Imports into Malaysia

Dried or salted fish imports into Malaysia soared to X tons in 2021, increasing by 39% against 2020 figures. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 94%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, dried or salted fish imports soared to $X in 2021. Overall, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) constituted the largest dried or salted fish supplier to Malaysia, accounting for a 69% share of total imports. Moreover, dried or salted fish imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+43.8% per year) and Myanmar (+38.5% per year).

In value terms, the largest dried or salted fish suppliers to Malaysia were Vietnam ($X), Thailand ($X) and Myanmar ($X), with a combined 97% share of total imports.

Vietnam, with a CAGR of +45.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average dried or salted fish import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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