Malaysia: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in Malaysia

The Malaysian market for jellyfish, dried, salted or in brine, smoked surged to $X in 2022, with an increase of 1,107% against the previous year. Over the period under review, consumption, however, showed a deep slump. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Jellyfish, Dried, Salted Or In Brine, Smoked in Malaysia

In value terms, production of jellyfish, dried, salted or in brine, smoked stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by 11% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports from Malaysia

In 2022, approx. X tons of jellyfish, dried, salted or in brine, smoked were exported from Malaysia; surging by 1.6% compared with the previous year. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 211%. Over the period under review, the exports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of jellyfish, dried, salted or in brine, smoked rose sharply to $X in 2022. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 179%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for exports of jellyfish, dried, salted or in brine, smoked from Malaysia, with a 49% share of total exports. Moreover, exports of jellyfish, dried, salted or in brine, smoked to South Korea exceeded the volume sent to the second major destination, Japan (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+39.4% per year) and Taiwan (Chinese) (+28.3% per year).

In value terms, South Korea ($X), Japan ($X) and the United States ($X) appeared to be the largest markets for jellyfish, dried, salted or in brine, smoked exported from Malaysia worldwide, together comprising 82% of total exports. Taiwan (Chinese), Singapore, Thailand, Vietnam and China lagged somewhat behind, together accounting for a further 15%.

Thailand, with a CAGR of +45.7%, saw 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 more modest paces of growth.

Export Prices by Country

The average export price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, increasing by 3.8% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by 14%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 Thailand (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports into Malaysia

In 2022, approx. X tons of jellyfish, dried, salted or in brine, smoked were imported into Malaysia; with an increase of 36% compared with 2021 figures. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 461% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of jellyfish, dried, salted or in brine, smoked skyrocketed to $X in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2015 when imports increased by 341% against the previous year. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Bahrain (X tons), Vietnam (X tons) and Myanmar (X tons) were the main suppliers of imports of jellyfish, dried, salted or in brine, smoked to Malaysia, together comprising 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +92.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jellyfish, dried, salted or in brine, smoked suppliers to Malaysia were Bahrain ($X), Vietnam ($X) and Myanmar ($X), together accounting for 83% of total imports.

Myanmar, with a CAGR of +72.8%, recorded 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

The average import price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, shrinking by -5.4% against the previous year. In general, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 62%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :