Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Malaysia - 2024
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia (CIF) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia (FOB) - 2022
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia (CIF) - 2022
The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $8,554 per ton in 2022, jumping by 81% against the previous year. Overall, the import price saw prominent growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 197%. The import price peaked in 2022 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 Taiwan (Chinese) ($11,689 per ton), while the price for China totaled $3,576 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+66.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia (FOB) - 2022
The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $6,430 per ton in 2022, with a decrease of -2.3% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of 178% against the previous year. The export price peaked at $9,355 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($29,974 per ton), while the average price for exports to Singapore stood at $5,443 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia
After three years of growth, purchases abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -29.1% to 83 tons in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 192%.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s surged to $713K in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 136%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 17.2 | 124 | 262 | 579 | 222.9% |
| China | 188 | 361 | 294 | 118 | -14.4% |
| Others | 1.2 | 3.0 | 1.5 | 16.2 | 138.1% |
| Total | 207 | 488 | 557 | 713 | 51.0% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Malaysia in 2022:
- Taiwan (Chinese) (49.5 tons)
- China (33.0 tons)
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia
For the fourth consecutive year, Malaysia recorded growth in shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s, which increased by 49% to 969 kg in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 50% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s surged to $6.2K in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 127%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2.0 | 4.6 | 4.3 | 5.1 | 36.6% |
| Hong Kong SAR | N/A | N/A | N/A | 1.2 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.0 | 4.6 | 4.3 | 6.2 | 45.8% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Malaysia in 2022:
- Singapore (930.0 kg)
- Hong Kong SAR (39.0 kg)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Malaysia.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
487
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Malaysia.
534
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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