Malaysia: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Malaysia

The Malaysian frozen tilapias market reduced dramatically to $X in 2020, shrinking by -X% against the previous year. Overall, consumption saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. Frozen tilapias consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Frozen Tilapias Production in Malaysia

In value terms, frozen tilapias production skyrocketed to $X in 2020 estimated in export prices. Overall, production saw a prominent increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Frozen Tilapias Exports

Exports from Malaysia

In 2020, after two years of growth, there was significant decline in overseas shipments of frozen tilapias, when their volume decreased by -X% to X tons. Overall, exports saw a deep slump. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen tilapias exports plummeted to $X in 2020. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

China (X tons), Singapore (X tons) and Brunei Darussalam (X tons) were the main destinations of frozen tilapias exports from Malaysia, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for frozen tilapias exported from Malaysia were China ($X), Singapore ($X) and Brunei Darussalam ($X), with a combined X% share of total exports.

China recorded 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, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average frozen tilapias export price amounted to $X per ton, rising by X% against the previous year. In general, the export price posted a resilient expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Tilapias Imports

Imports into Malaysia

In 2020, the amount of frozen tilapias imported into Malaysia dropped rapidly to X tons, waning by -X% against the previous year's figure. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen tilapias imports contracted rapidly to $X in 2020. In general, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of $X. from 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Vietnam (X tons) constituted the largest supplier of frozen tilapias to Malaysia, accounting for a X% share of total imports. Moreover, frozen tilapias imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Denmark (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen tilapias to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Denmark (X% per year).

Import Prices by Country

The average frozen tilapias import price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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