Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia (CIF) - 2022
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia (FOB) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $5,440 per ton, jumping by 115% against the previous year. Over the period under review, the import price, however, showed a mild slump. The import price peaked at $6,349 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($7,568 per ton), while the price for Namibia ($4,758 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+23.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia (FOB) - 2022
The average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $4,098 per ton in 2022, waning by -1.8% against the previous year. Over the period under review, the export price saw a noticeable reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 6.3% against the previous year. The export price peaked at $5,177 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2013 to 2022, the rate of growth in terms of prices for South Africa amounted to +10.8% per year.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia
In 2022, overseas purchases of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were finally on the rise to reach 50 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt slump.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s skyrocketed to $270K in 2022. Overall, imports recorded noticeable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 157 | 13.8 | 8.3 | 121 | -8.3% |
| Namibia | 48.9 | N/A | N/A | 115 | 33.0% |
| Chile | N/A | N/A | N/A | 34.1 | 0% |
| China | 37.5 | 40.3 | 29.6 | N/A | -11.2% |
| Others | 1.7 | 0.4 | 3.8 | 0.5 | -33.5% |
| Total | 246 | 54.5 | 41.8 | 270 | 3.2% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Malaysia in 2022:
- Namibia (24.1 tons)
- New Zealand (21.0 tons)
- Chile (4.5 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia
Exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s from Malaysia contracted rapidly to 6 tons in 2022, with a decrease of -72.9% against the previous year's figure. Over the period under review, exports faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. As a result, the exports reached the peak of 22 tons, and then contracted significantly in the following year.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s shrank dramatically to $24K in 2022. Overall, exports faced a sharp setback. The growth pace was the most rapid in 2021 when exports increased by 68%. As a result, the exports reached the peak of $92K, and then reduced remarkably in the following year.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 72.7 | 53.0 | 91.5 | 24.4 | -30.5% |
| Others | N/A | 1.4 | N/A | N/A | 0% |
| Total | 72.7 | 54.4 | 91.5 | 24.4 | -30.5% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Malaysia in 2022:
- Singapore (6.0 tons)
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