Price for Meat of Bovine Animals; Fresh or Chilled in Malaysia - 2024
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Malaysia (CIF) - 2024
- Price for Meat of Bovine Animals; Fresh or Chilled in Malaysia (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Malaysia
- Exports of Meat of Bovine Animals; Fresh or Chilled in Malaysia
Price for Meat of Bovine Animals; Fresh or Chilled in Malaysia (CIF) - 2024
In January 2024, the average import price for meat of bovine animals; fresh or chilled amounted to $16,625 per ton, which is down by -9.8% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 26% against the previous month. As a result, import price attained the peak level of $20,708 per ton. From June 2023 to January 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($43,406 per ton), while the price for Australia ($13,524 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+66.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Meat of Bovine Animals; Fresh or Chilled in Malaysia (FOB) - 2022
The average export price for meat of bovine animals; fresh or chilled stood at $3,265 per ton in 2022, surging by 2.6% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2018 an increase of 5.5%. The export price peaked at $3,691 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -1.1% per year.
Imports of Meat of Bovine Animals; Fresh or Chilled in Malaysia
In 2022, the amount of meat of bovine animals; fresh or chilled imported into Malaysia reached 2.5K tons, picking up by 2.8% compared with 2021. The total import volume increased at an average annual rate of +8.9% 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 with an increase of 16%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of meat of bovine animals; fresh or chilled surged to $45M in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Meat of Bovine Animals; Fresh or Chilled in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 17.9 | 21.5 | 26.0 | 34.7 | 24.7% |
| Japan | 1.0 | 2.3 | 7.1 | 7.7 | 97.5% |
| Argentina | N/A | N/A | 1.0 | 1.3 | 30.0% |
| New Zealand | 0.9 | 0.4 | 0.4 | 0.7 | -8.0% |
| Others | 0.9 | 0.4 | 0.5 | 0.5 | -17.8% |
| Total | 20.7 | 24.6 | 34.9 | 44.8 | 29.4% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Malaysia in 2022:
- Australia (2154.5 tons)
- Japan (164.9 tons)
- Argentina (65.7 tons)
- New Zealand (41.7 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Malaysia
Exports of meat of bovine animals; fresh or chilled from Malaysia shrank dramatically to 496 tons in 2022, which is down by -20.3% on the previous year's figure. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 529% against the previous year. As a result, the exports reached the peak of 623 tons, and then fell remarkably in the following year.
In value terms, exports of meat of bovine animals; fresh or chilled reduced sharply to $1.6M in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 501% against the previous year. As a result, the exports reached the peak of $2M, and then shrank dramatically in the following year.
| Export of Meat of Bovine Animals; Fresh or Chilled in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 474 | 290 | 1,977 | 1,619 | 50.6% |
| New Zealand | N/A | N/A | 3.1 | N/A | 0% |
| Oman | 234 | 18.1 | N/A | N/A | -92.3% |
| Others | N/A | 20.9 | N/A | N/A | 0% |
| Total | 708 | 329 | 1,980 | 1,619 | 31.7% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Malaysia in 2022:
- Thailand (496.0 tons)
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