Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia - 2024
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (FOB) - 2022
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (CIF) - 2022
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (FOB) - 2022
The average export price for crustacean preparations; lobster, prepared or preserveds stood at $4,085 per ton in 2022, with a decrease of -18.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $5,150 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
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 ($4,330 per ton), while the average price for exports to Myanmar ($474 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 Brunei Darussalam (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (CIF) - 2022
In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $9,571 per ton, waning by -51.6% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 96% against the previous year. As a result, import price reached the peak level of $19,819 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($28,479 per ton), while the price for China ($2,707 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia
In 2022, shipments abroad of crustacean preparations; lobster, prepared or preserveds decreased by -70.5% to 56 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds dropped remarkably to $230K in 2022. Overall, exports faced a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 19%.
Export of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 307 | 272 | 500 | 215 | -11.2% |
Brunei Darussalam | N/A | 15.1 | 34.0 | 3.9 | -49.2% |
Myanmar | N/A | N/A | N/A | 1.9 | 0% |
United States | 20.9 | 12.7 | 26.3 | N/A | 12.2% |
Philippines | 333 | 408 | 201 | N/A | -22.3% |
Canada | 95.7 | 190 | 189 | N/A | 40.5% |
Others | 3.0 | 3.8 | 3.8 | 8.3 | 40.4% |
Total | 759 | 902 | 954 | 230 | -32.8% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Malaysia in 2022:
- Singapore (50.6 tons)
- Myanmar (4.0 tons)
- Brunei Darussalam (0.9 tons)
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia
In 2022, imports of crustacean preparations; lobster, prepared or preserveds into Malaysia dropped sharply to 3 tons, waning by -77.4% compared with the previous year's figure. In general, imports saw a precipitous decrease. The smallest decline of -42.4% was in 2020.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds shrank rapidly to $28K in 2022. Over the period under review, imports saw a sharp slump. The growth pace was the most rapid in 2020 when imports increased by 13%. As a result, imports reached the peak of $472K. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Crustacean Preparations; Lobster, Prepared or Preserved in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 246 | 411 | N/A | 14.4 | -61.2% |
Singapore | 58.7 | 58.8 | 260 | 8.1 | -48.3% |
China | N/A | N/A | N/A | 2.9 | 0% |
Japan | N/A | N/A | N/A | 1.4 | 0% |
United States | 56.2 | N/A | N/A | N/A | 0% |
Indonesia | 46.6 | 2.7 | N/A | N/A | -94.2% |
Others | 10.2 | N/A | N/A | 1.6 | -46.1% |
Total | 418 | 472 | 260 | 28.4 | -59.2% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Malaysia in 2022:
- Canada (1520.0 kg)
- China (1080.0 kg)
- Singapore (295.0 kg)
- Japan (48.0 kg)
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Malaysia.
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Malaysia.
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
Explore the top import markets for prepared or preserved crab meat in 2023. Discover the key countries driving the global trade of crab meat.
Explore the top import markets for prepared or preserved crab meat in 2023. Discover the key countries driving the global trade of crab meat.