Malaysia: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Malaysia

The Malaysian market for frozen, dried and smoked fish surged to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Frozen, Dried And Smoked Fish in Malaysia

In value terms, frozen, dried and smoked fish production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Frozen, dried and smoked fish production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Malaysia

After four years of growth, shipments abroad of frozen, dried and smoked fish decreased by X% to X tons in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, frozen, dried and smoked fish exports amounted to $X in 2022. Over the period under review, exports showed a mild downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Singapore (X% per year).

In value terms, China ($X) remains the key foreign market for frozen, dried and smoked fish exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a mild reduction. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Thailand ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Malaysia

For the seventh consecutive year, Malaysia recorded growth in purchases abroad of frozen, dried and smoked fish, which increased by X% to X tons in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, frozen, dried and smoked fish imports surged to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Vietnam (X tons) and India (X tons) were the main suppliers of frozen, dried and smoked fish imports to Malaysia, with a combined X% share of total imports. Thailand, Indonesia, Oman, Japan, Singapore, Myanmar, Russia, Yemen, Mexico and Pakistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and India ($X) were the largest frozen, dried and smoked fish suppliers to Malaysia, with a combined X% share of total imports. Indonesia, Oman, Thailand, Japan, Myanmar, Pakistan, Yemen, Singapore, Mexico and Russia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Russia, with a CAGR of X%, saw 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

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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