Price for Fish Meal; Fit for Human Consumption in Malaysia - 2022

Contents:

1. Price for Fish Meal; Fit for Human Consumption in Malaysia (CIF) - 2022
2. Price for Fish Meal; Fit for Human Consumption in Malaysia (FOB) - 2022
3. Imports of Fish Meal; Fit for Human Consumption in Malaysia
4. Exports of Fish Meal; Fit for Human Consumption in Malaysia

Price for Fish Meal; Fit for Human Consumption in Malaysia (CIF) - 2022

The average import price for fish meal; fit for human consumptia stood at $3,517 per ton in December 2021, with an increase of 45% against the previous month. In general, the import price, however, showed a perceptible contraction. Over the period under review, average import prices attained the maximum at $5,525 per ton in June 2021; however, from July 2021 to December 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($11,351 per ton), while the price for Thailand totaled $3,257 per ton.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.2%).

Price for Fish Meal; Fit for Human Consumption in Malaysia (FOB) - 2022

The average export price for fish meal; fit for human consumptia stood at $1,641 per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The growth pace was the most rapid in 2016 an increase of 285% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,387 per ton in 2017; however, from 2018 to 2022, the 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 Oman ($3,324 per ton), while the average price for exports to Singapore ($1,073 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 the United States (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fish Meal; Fit for Human Consumption in Malaysia

In 2022, overseas purchases of fish meal; fit for human consumptia decreased by -17% to 252 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 89% against the previous year.

In value terms, imports of fish meal; fit for human consumptia dropped to $994K in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $1.2M, and then declined in the following year.

Top Suppliers of Fish Meal; Fit for Human Consumption to Malaysia in 2022:

1. Thailand (228.0 tons)
2. Japan (7.5 tons)
3. Indonesia (5.4 tons)
4. Singapore (4.1 tons)

Exports of Fish Meal; Fit for Human Consumption in Malaysia

Exports of fish meal; fit for human consumptia from Malaysia dropped remarkably to 186 tons in 2022, waning by -34.3% against 2021 figures. Overall, exports, however, showed prominent growth. The growth pace was the most rapid in 2021 when exports increased by 199% against the previous year. As a result, the exports reached the peak of 283 tons, and then shrank markedly in the following year.

In value terms, exports of fish meal; fit for human consumptia contracted rapidly to $305K in 2022. Over the period under review, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year. As a result, the exports reached the peak of $395K, and then reduced dramatically in the following year.

Top Export Markets for Fish Meal; Fit for Human Consumption from Malaysia in 2022:

1. Brunei Darussalam (140.9 tons)
2. Singapore (19.5 tons)
3. Canada (19.0 tons)
4. Oman (3.8 tons)

Source: IndexBox Market Intelligence Platform