Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia (CIF) - 2022
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia (FOB) - 2022
- Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia
- Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $5,136 per ton, with an increase of 179% against the previous year. Overall, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($8,173 per ton), while the price for New Zealand amounted to $2,277 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia (FOB) - 2022
In 2021, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $761 per ton, which is down by -55.6% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The export price peaked at $4,582 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to -53.9% per year.
Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia
In 2022, imports of offal, edible; of bovine animals, fresh or chilleds into Malaysia dropped significantly to 13 tons, waning by -58.3% against 2021. Over the period under review, imports faced a sharp reduction. The smallest decline of -39.5% was in 2020.
In value terms, imports of offal, edible; of bovine animals, fresh or chilleds skyrocketed to $66K in 2022. Overall, imports continue to indicate a sharp decline.
| Import of Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 9.5 | 10.4 | 4.4 | 50.6 | 74.6% |
| New Zealand | 212 | 65.4 | 9.3 | 15.0 | -58.6% |
| Hong Kong SAR | N/A | 20.4 | N/A | N/A | 0% |
| Argentina | N/A | N/A | 2.8 | N/A | 0% |
| United States | 119 | 63.9 | 26.2 | N/A | -53.1% |
| Singapore | 64.0 | 43.3 | 13.6 | N/A | -53.9% |
| Brazil | N/A | 15.4 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 404 | 219 | 56.3 | 65.6 | -45.4% |
Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Malaysia in 2022:
- New Zealand (6.6 tons)
- Australia (6.2 tons)
Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia
Exports of offal, edible; of bovine animals, fresh or chilleds from Malaysia was estimated at 81 tons in 2021, growing by 4.4% compared with 2020. The total export volume increased at an average annual rate of +4.4% over the period from 2020 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of offal, edible; of bovine animals, fresh or chilleds contracted sharply to $62K in 2021. Overall, exports, however, saw a sharp downturn.
| Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Singapore | 39.0 | 61.7 | 58.2% | ||
| Hong Kong SAR | 94.2 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 133 | 61.7 | -53.6% | ||
Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Malaysia in 2022:
- Singapore (81.1 tons)
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