Malaysia: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Malaysia

In 2021, the Malaysian frozen freshwater fish market increased by 8.8% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Frozen Freshwater Fish Production in Malaysia

In value terms, frozen freshwater fish production declined dramatically to $X in 2021 estimated in export price. In general, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 855%. Frozen freshwater fish production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Frozen Freshwater Fish Exports

Exports from Malaysia

Frozen freshwater fish exports from Malaysia fell significantly to X tons in 2021, reducing by -20.3% compared with 2020 figures. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 271%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, frozen freshwater fish exports shrank to $X in 2021. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2015 when exports increased by 124%. Over the period under review, the exports hit record highs at $X in 2020, and then fell in the following year.

Exports by Country

Thailand (X tons), China (X tons) and Saudi Arabia (X tons) were the main destinations of frozen freshwater fish exports from Malaysia, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +58.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for frozen freshwater fish exports from Malaysia, comprising 59% of total exports. The second position in the ranking was taken by Thailand ($X), with a 28% share of total exports. It was followed by Singapore, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+48.2% per year) and Singapore (-4.7% per year).

Export Prices by Country

In 2021, the average frozen freshwater fish export price amounted to $X per ton, picking up by 7.6% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($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 Mauritius (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Freshwater Fish Imports

Imports into Malaysia

In 2021, the amount of frozen freshwater fish imported into Malaysia soared to X tons, increasing by 16% against the previous year. The total import volume increased at an average annual rate of +6.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 63%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, frozen freshwater fish imports stood at $X in 2021. Overall, imports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of frozen freshwater fish to Malaysia, accounting for a 33% share of total imports. Moreover, frozen freshwater fish imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. Iran (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+77.7% per year) and Iran (+138.2% per year).

In value terms, China ($X) constituted the largest supplier of frozen freshwater fish to Malaysia, comprising 32% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total imports. It was followed by Iran, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+78.9% per year) and Iran (+137.1% per year).

Import Prices by Country

The average frozen freshwater fish import price stood at $X per ton in 2021, which is down by -4% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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