Malaysia: Market for Dried Or Smoked Fish 2025

Market Size for Dried Or Smoked Fish in Malaysia

The Malaysian dried or smoked fish market skyrocketed to $X in 2021, with an increase of 50% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a prominent increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Exports of Dried Or Smoked Fish

Exports from Malaysia

In 2021, overseas shipments of dried or smoked fish increased by 67% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dried or smoked fish exports soared to $X in 2021. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 47%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for dried or smoked fish exports from Malaysia, accounting for a 54% share of total exports. Moreover, dried or smoked fish exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+15.8% per year) and Thailand (+51.8% per year).

In value terms, the largest markets for dried or smoked fish exported from Malaysia were Indonesia ($X), Singapore ($X) and Hong Kong SAR ($X), together comprising 69% of total exports. These countries were followed by the United States, Macao SAR, Thailand, Brunei Darussalam, the Philippines and Vietnam, which together accounted for a further 21%.

In terms of the main countries of destination, Macao SAR, with a CAGR of +67.8%, saw the highest growth rate of 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 2021, the average dried or smoked fish export price amounted to $X per ton, waning by -27.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 27%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Philippines ($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 Vietnam (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Smoked Fish

Imports into Malaysia

In 2021, the amount of dried or smoked fish imported into Malaysia skyrocketed to X tons, rising by 51% on the previous year. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by 77%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, dried or smoked fish imports surged to $X in 2021. Over the period under review, imports enjoyed a strong expansion. As a result, imports reached 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 smoked fish supplier to Malaysia, with a 67% share of total imports. Moreover, dried or smoked fish imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. The third position in this ranking was held by Myanmar (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+59.9% per year) and Myanmar (+31.0% per year).

In value terms, Vietnam ($X), Thailand ($X) and Myanmar ($X) appeared to be the largest dried or smoked fish suppliers to Malaysia, with a combined 89% share of total imports.

Vietnam, with a CAGR of +48.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dried or smoked fish import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 86%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 (-7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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