Malaysia: Molluscs Market 2024

Molluscs Market Size in Malaysia

After two years of decline, the Malaysian molluscs market increased by 50% to $X in 2021. The market value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Molluscs Production in Malaysia

In value terms, molluscs production rose rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable shrinkage. Molluscs production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Molluscs Exports

Exports from Malaysia

In 2021, shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by 3.7% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 59%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, molluscs exports surged to $X in 2021. Overall, exports, however, saw a mild curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 33%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for molluscs exports from Malaysia, with a 64% share of total exports. Moreover, molluscs exports to China exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. The third position in this ranking was taken by South Korea (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+67.2% per year) and South Korea (+0.4% per year).

In value terms, China ($X) remains the key foreign market for molluscs (scallops, mussels, cuttle fish, squid and octopus) exports from Malaysia, comprising 45% of total exports. The second position in the ranking was held by Turkey ($X), with a 19% share of total exports. It was followed by South Korea, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+99.0% per year) and South Korea (+0.8% per year).

Export Prices by Country

In 2021, the average molluscs export price amounted to $X per ton, jumping by 20% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($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 Turkey (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Molluscs Imports

Imports into Malaysia

In 2021, purchases abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by 39% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.8% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, molluscs imports skyrocketed to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and Oman (X tons) were the main suppliers of molluscs imports to Malaysia, with a combined 76% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +55.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of molluscs (scallops, mussels, cuttle fish, squid and octopus) to Malaysia, comprising 53% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports. It was followed by Oman, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+36.0% per year) and Oman (+78.6% per year).

Import Prices by Country

In 2021, the average molluscs import price amounted to $X per ton, with an increase of 8.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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