Price for Meat of Bovine Animals; Frozen in Malaysia - 2021

Contents:

1. Price for Meat of Bovine Animals; Frozen in Malaysia (CIF) - 2021
2. Price for Meat of Bovine Animals; Frozen in Malaysia (FOB) - 2022
3. Imports of Meat of Bovine Animals; Frozen in Malaysia
4. Exports of Meat of Bovine Animals; Frozen in Malaysia

Price for Meat of Bovine Animals; Frozen in Malaysia (CIF) - 2021

In December 2021, the average import price for meat of bovine animals; frozen amounted to $3,158 per ton, remaining relatively unchanged 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 March 2021 when the average import price increased by 5.5% month-to-month. Over the period under review, average import prices hit record highs at $3,808 per ton in August 2021; however, from September 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 Australia ($5,015 per ton), while the price for India ($2,962 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Meat of Bovine Animals; Frozen in Malaysia (FOB) - 2022

The average export price for meat of bovine animals; frozen stood at $5,132 per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30%. As a result, the export price attained the peak level of $6,702 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($5,673 per ton), while the average price for exports to Vietnam totaled $4,783 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Meat of Bovine Animals; Frozen in Malaysia

In 2022, after three years of growth, there was decline in supplies from abroad of meat of bovine animals; frozen, when their volume decreased by -1.7% to 154K tons. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 4.3%.

In value terms, meat of bovine animals; frozen imports dropped modestly to $508M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 9.9%.

Top Suppliers of Meat of Bovine Animals; Frozen to Malaysia in 2022:

1. India (128.6K tons)
2. Australia (11.9K tons)
3. Brazil (6.5K tons)
4. New Zealand (4.7K tons)

Exports of Meat of Bovine Animals; Frozen in Malaysia

In 2022, shipments abroad of meat of bovine animals; frozen increased by 36% to 749 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a abrupt decrease.

In value terms, meat of bovine animals; frozen exports soared to $3.8M in 2022. Overall, exports, however, recorded a deep setback.

Top Export Markets for Meat of Bovine Animals; Frozen from Malaysia in 2022:

1. Vietnam (492.7 tons)
2. Cambodia (251.1 tons)

Source: IndexBox Market Intelligence Platform