Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia - 2024
Contents:
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia (CIF) - 2024
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia (FOB) - 2022
- Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia
- Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia (CIF) - 2024
The average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $5,384 per ton in January 2024, declining by -44.8% against the previous month. Overall, the import price continues to indicate a pronounced descent. The growth pace was the most rapid in May 2023 an increase of 251% m-o-m. As a result, import price attained the peak level of $14,416 per ton. From June 2023 to January 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($21,599 per ton), while the price for Vietnam ($4,771 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 Vietnam (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia (FOB) - 2022
The average export price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $7,089 per ton in 2022, with a decrease of -7.4% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. The export price peaked at $7,652 per ton in 2021, and then fell in the following year.
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 Australia ($8,338 per ton), while the average price for exports to Brunei Darussalam ($2,179 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 Australia (+7.2%), while the prices for the other major destinations experienced a decline.
Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia
In 2022, approx. 480 tons of mollusc preparations; scallops, including queen scallops, prepared or preserveds were imported into Malaysia; picking up by 91% compared with 2021. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 101% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds skyrocketed to $2.6M in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 71%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 542 | 303 | 1,073 | 2,166 | 58.7% |
| Japan | 95.2 | 492 | 421 | 424 | 64.5% |
| Indonesia | 38.5 | 34.7 | 30.4 | N/A | -11.1% |
| Others | 171 | 95.2 | 59.7 | 50.2 | -33.5% |
| Total | 846 | 925 | 1,583 | 2,641 | 46.2% |
Top Suppliers of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved to Malaysia in 2022:
- China (445.8 tons)
- Japan (28.4 tons)
Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia
In 2022, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds from Malaysia was estimated at 80 tons, growing by 6.8% on the previous year. Over the period under review, total exports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.2% 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 +81.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 70%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds shrank slightly to $570K in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 82%. As a result, the exports attained the peak of $576K, and then shrank modestly in the following year.
| Export of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 348 | 240 | 421 | 428 | 7.1% |
| Singapore | 206 | 56.9 | 74.3 | 132 | -13.8% |
| Brunei Darussalam | 1.9 | 10.4 | 18.1 | 8.4 | 64.1% |
| Others | 3.9 | 9.1 | 62.2 | 1.4 | -28.9% |
| Total | 560 | 316 | 576 | 570 | 0.6% |
Top Export Markets for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved from Malaysia in 2022:
- Australia (51.4 tons)
- Singapore (24.6 tons)
- Brunei Darussalam (3.9 tons)
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