Report Update Nov 1, 2024

Malaysia - Frozen Norway Lobsters - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Malaysia

In 2022, the Malaysian frozen norway lobster market decreased by -61.3% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, posted a resilient expansion. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Frozen Norway Lobster Production in Malaysia

In value terms, frozen norway lobster production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.5% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 45% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Frozen Norway Lobster Exports

Exports from Malaysia

In 2022, frozen norway lobster exports from Malaysia dropped markedly to X kg, which is down by -47.6% on 2021. In general, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 6,812% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen norway lobster exports reduced remarkably to $X in 2022. Over the period under review, exports, however, recorded measured growth. The pace of growth was the most pronounced in 2018 when exports increased by 9,637% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X kg) and Singapore (X kg) were the main destinations of frozen norway lobster exports from Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +5.1%).

In value terms, Brunei Darussalam ($X) remains the key foreign market for frozen norway lobsters exports from Malaysia, comprising 73% of total exports. The second position in the ranking was held by Singapore ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brunei Darussalam amounted to +4.2%.

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, picking up by 5.1% against the previous year. Over the period under review, the export price saw a strong increase. The growth pace was the most rapid in 2021 an increase of 57%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+19.1%).

Frozen Norway Lobster Imports

Imports into Malaysia

In 2022, purchases abroad of frozen norway lobsters decreased by -82.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 987%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, frozen norway lobster imports dropped markedly to $X in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 694%. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

Singapore (X tons) and France (X tons) were the main suppliers of frozen norway lobster imports to Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +77.6%).

In value terms, France ($X) constituted the largest supplier of frozen norway lobsters to Malaysia, comprising 92% of total imports. The second position in the ranking was held by Singapore ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +72.5%.

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, jumping by 273% against the previous year. Overall, the import price enjoyed buoyant growth. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 France ($X per ton), while the price for Singapore amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for norway lobstersi, even smoked, frozen in the world?

The country with the largest volume of norway lobstersi, even smoked, frozen consumption was China, comprising approx. 18% of total volume. Moreover, norway lobstersi, even smoked, frozen consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.7% share.

What are the largest producers of norway lobstersi, even smoked, frozen in the world?

China constituted the country with the largest volume of norway lobstersi, even smoked, frozen production, comprising approx. 18% of total volume. Moreover, norway lobstersi, even smoked, frozen production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.7% share.

What are the leading suppliers of norway lobstersi, even smoked, frozen to Malaysia?

In value terms, France constituted the largest supplier of norway lobstersi, even smoked, frozen to Malaysia, comprising 96% of total imports. The second position in the ranking was occupied by Germany, with a 4% share of total imports.

What is the average export price for norway lobstersi, even smoked, frozen in Malaysia?

In 2020, the average export price for norway lobstersi, even smoked, frozen amounted to $8,680 per ton, stabilizing at the previous year.

What is the average import price for norway lobstersi, even smoked, frozen in Malaysia?

The average import price for norway lobstersi, even smoked, frozen stood at $58,450 per ton in 2020, rising by 4.8% against the previous year.

This report provides an in-depth analysis of the frozen norway lobster market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023