Price for Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia - 2023
Contents:
- Price for Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia (FOB) - 2022
- Price for Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia (CIF) - 2022
- Exports of Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia
- Imports of Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia
Price for Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia (FOB) - 2022
In 2022, the average export price for frozen cuts and edible offal of domestic duckses amounted to $4,786 per ton, jumping by 19% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 79%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($6,290 per ton), while the average price for exports to Thailand ($1,590 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia (CIF) - 2022
In 2022, the average import price for frozen cuts and edible offal of domestic duckses amounted to $1,600 per ton, with a decrease of -45.4% against the previous year. Over the period under review, the import price saw a deep slump. The pace of growth was the most pronounced in 2015 when the average import price increased by 49%. Over the period under review, average import prices reached the maximum at $4,000 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for Australia amounted to +94.5% per year.
Exports of Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia
For the fourth year in a row, Malaysia recorded growth in overseas shipments of frozen cuts and edible offal of domestic duckses, which increased by 3% to 606 tons in 2022. The total export volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of frozen cuts and edible offal of domestic duckses surged to $2.9M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,215 | 1,491 | 1,797 | 2,298 | 23.7% |
| Singapore | 378 | 197 | 398 | 305 | -6.9% |
| United Arab Emirates | 188 | 58.5 | 162 | 279 | 14.1% |
| Others | 102 | 102 | 11.5 | 17.9 | -44.0% |
| Total | 1,882 | 1,848 | 2,369 | 2,900 | 15.5% |
Top Export Markets for Frozen Cuts and Edible Offal of Domestic Ducks from Malaysia in 2022:
- Japan (365.4 tons)
- United Arab Emirates (160.1 tons)
- Singapore (74.5 tons)
Imports of Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia
In 2022, imports of frozen cuts and edible offal of domestic duckses into Malaysia skyrocketed to 107 tons, picking up by 954% on the previous year's figure. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 6,903%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of frozen cuts and edible offal of domestic duckses skyrocketed to $171K in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 5,028%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Frozen Cuts and Edible Offal of Domestic Ducks in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | N/A | N/A | 171 | 0% | |
| Taiwan (Chinese) | N/A | 29.1 | N/A | 0% | |
| Others | 0.6 | 0.6 | N/A | 0.0% | |
| Total | 0.6 | 29.7 | 171 | 1588.2% | |
Top Suppliers of Frozen Cuts and Edible Offal of Domestic Ducks to Malaysia in 2022:
- China (107.0 tons)
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