Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia - 2024
Contents:
- Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia (CIF) - 2022
- Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia (FOB) - 2023
- Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia
- Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia
Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia (CIF) - 2022
The average import price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $2,763 per ton in 2022, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, import price attained 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 New Zealand ($7,279 per ton), while the price for Spain ($1,097 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia (FOB) - 2023
In November 2023, the average export price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen amounted to $2,222 per ton, shrinking by -2.8% against the previous month. Overall, the export price saw a mild decrease. The pace of growth appeared the most rapid in September 2023 when the average export price increased by 12% against the previous month. Over the period under review, the average export prices reached the peak figure at $4,250 per ton in March 2023; however, from April 2023 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -1.9% per month.
Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia
After three years of growth, overseas purchases of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen decreased by -97% to 421 tons in 2022. In general, imports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of 14K tons, and then reduced sharply in the following year.
In value terms, imports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen fell dramatically to $1.2M in 2022. Over the period under review, imports faced a sharp downturn. The pace of growth was the most pronounced in 2021 when imports increased by 9.2%. As a result, imports attained the peak of $33M, and then declined dramatically in the following year.
| Import of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.9 | 1.5 | 6.3 | 0.7 | -43.6% |
| Hong Kong SAR | 3.5 | 2.8 | 0.9 | 0.2 | -61.5% |
| India | 4.3 | 2.7 | 2.3 | 0.1 | -71.5% |
| New Zealand | 0.8 | 1.5 | 1.9 | 0.1 | -50.0% |
| Spain | 0.6 | 0.5 | 0.5 | N/A | -8.7% |
| Argentina | 0.4 | 0.3 | 0.2 | N/A | -29.3% |
| Paraguay | 0.7 | 0.6 | N/A | N/A | -14.3% |
| China | 0.8 | 0.7 | 0.7 | N/A | -6.5% |
| United States | 0.4 | 0.3 | 0.2 | N/A | -29.3% |
| Singapore | 8.2 | 15.6 | 15.9 | N/A | 39.2% |
| Turkey | 1.1 | 1.1 | 1.2 | N/A | 4.4% |
| Brazil | 0.7 | 0.7 | 0.9 | N/A | 13.4% |
| Others | 2.0 | 1.5 | 1.5 | N/A | -13.4% |
| Total | 27.3 | 29.8 | 32.6 | 1.2 | -64.7% |
Top Suppliers of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen to Malaysia in 2022:
- Australia (266.7 tons)
- Hong Kong SAR (54.0 tons)
- India (30.1 tons)
- China (27.0 tons)
- Spain (25.0 tons)
- New Zealand (18.6 tons)
Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia
In 2022, the amount of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen exported from Malaysia surged to 627 tons, increasing by 148% against the year before. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 384% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen soared to $483K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 31.7 | 1.0 | 80.2 | 324 | 117.0% |
| China | N/A | 19.3 | N/A | 159 | 187.0% |
| Vietnam | 154 | 56.8 | 108 | N/A | -16.3% |
| Indonesia | 7.6 | 2.3 | 3.4 | N/A | -33.1% |
| Others | 9.0 | 2.0 | 3.0 | N/A | -42.3% |
| Total | 202 | 81.4 | 194 | 483 | 33.7% |
Top Export Markets for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen from Malaysia in 2022:
- Thailand (573.4 tons)
- China (54.0 tons)
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