Malaysia: Snail Market 2024

Snail Market Size in Malaysia

The Malaysian snail market expanded slightly to $X in 2022, with an increase of 1.6% against the previous year. In general, consumption continues to indicate a noticeable curtailment. Snail consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Snail Production in Malaysia

In value terms, snail production declined to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 59% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Snail Exports

Exports from Malaysia

Snail exports from Malaysia contracted notably to X tons in 2022, with a decrease of -50% on the previous year. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 4,224,600%. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, snail exports dropped markedly to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 77,900% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell significantly in the following year.

Exports by Country

Thailand (X tons), Australia (X tons) and Vietnam (X tons) were the main destinations of snail exports from Malaysia, together comprising 72% of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +133.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for snail exported from Malaysia were Australia ($X), China ($X) and Vietnam ($X), with a combined 82% share of total exports.

Australia, with a CAGR of +63.0%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average snail export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, recorded a sharp downturn. The pace of growth was the most pronounced in 2015 an increase of 309%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Thailand ($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 Greece (+54.9%), while the prices for the other major destinations experienced a decline.

Snail Imports

Imports into Malaysia

In 2022, overseas purchases of snails (except sea snails) decreased by -6% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,410% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, snail imports rose remarkably to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 271% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest snail supplier to Malaysia, with a 52% share of total imports. Moreover, snail imports from Indonesia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by China (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+19.4% per year) and China (+28.7% per year).

In value terms, Indonesia ($X), China ($X) and Thailand ($X) were the largest snail suppliers to Malaysia, with a combined 71% share of total imports. New Zealand, Vietnam, Pakistan and Tanzania lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, Tanzania, with a CAGR of +36.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average snail import price amounted to $X per ton, increasing by 19% against the previous year. Overall, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 304% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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