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Malaysia - Frozen Skipjack Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Skipjack Tuna Price in Malaysia - 2021
Contents:
- Frozen Skipjack Tuna Price in Malaysia (CIF) - 2021
- Frozen Skipjack Tuna Price in Malaysia (FOB) - 2022
- Frozen Skipjack Tuna Imports in Malaysia
- Frozen Skipjack Tuna Exports in Malaysia
Frozen Skipjack Tuna Price in Malaysia (CIF) - 2021
In December 2021, the average frozen skipjack tuna import price amounted to $1,361 per ton, growing by 8.8% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2021 an increase of 89% against the previous month. The import price peaked at $2,510 per ton in January 2021; however, from February 2021 to December 2021, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the countries with the highest prices were China ($1,387 per ton) and Vietnam ($1,309 per ton), while the price for India ($1,024 per ton) and Taiwan (Chinese) ($1,071 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Skipjack Tuna Price in Malaysia (FOB) - 2022
The average frozen skipjack tuna export price stood at $989 per ton in 2022, reducing by -21% against the previous year. Overall, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 37% against the previous year. The export price peaked at $1,565 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($1,953 per ton), while the average price for exports to the Philippines ($837 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 Indonesia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Skipjack Tuna Imports in Malaysia
In 2022, frozen skipjack tuna imports into Malaysia reduced to 2.3K tons, declining by -7.3% compared with the previous year. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 779%. As a result, imports reached the peak of 2.4K tons, and then fell in the following year.
In value terms, frozen skipjack tuna imports fell notably to $1.9M in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 693%. As a result, imports reached the peak of $3.4M, and then dropped significantly in the following year.
Import of Frozen Skipjack Tuna in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 300 | 21.7 | 1,888 | 1,088 | 53.6% |
Taiwan (Chinese) | 578 | 160 | 858 | 494 | -5.1% |
Vietnam | 65.3 | 2.6 | 259 | 149 | 31.7% |
Others | 176 | 240 | 359 | 164 | -2.3% |
Total | 1,119 | 425 | 3,365 | 1,895 | 19.2% |
Top Suppliers of Frozen Skipjack Tuna to Malaysia in 2022:
- China (1282.4 tons)
- Taiwan (Chinese) (686.4 tons)
- Vietnam (196.1 tons)
Frozen Skipjack Tuna Exports in Malaysia
Frozen skipjack tuna exports from Malaysia surged to 1.5K tons in 2022, with an increase of 126% compared with the previous year's figure. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 854% against the previous year. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, frozen skipjack tuna exports surged to $1.5M in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 699% against the previous year. As a result, the exports reached the peak of $2.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Frozen Skipjack Tuna in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 100 | 484 | 280 | 767 | 97.2% |
Philippines | 40.1 | 405 | 1.9 | 232 | 79.5% |
Indonesia | 47.6 | 130 | 77.3 | 212 | 64.5% |
Singapore | 5.8 | 51.3 | 74.7 | 204 | 227.6% |
United States | 49.2 | 36.2 | 31.2 | 85.3 | 20.1% |
China | N/A | 976 | 364 | N/A | -62.7% |
Others | 31.9 | 110 | 26.7 | 24.6 | -8.3% |
Total | 275 | 2,194 | 856 | 1,525 | 77.0% |
Top Export Markets for Frozen Skipjack Tuna from Malaysia in 2022:
- Vietnam (873.5 tons)
- Philippines (277.1 tons)
- Singapore (211.4 tons)
- Indonesia (108.3 tons)
- United States (49.5 tons)
This report provides an in-depth analysis of the frozen skipjack tuna 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 2025.
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:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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