Price for Frozen Domestic Ducks, Not Cut in Pieces in Malaysia - 2023
Contents:
- Price for Frozen Domestic Ducks, Not Cut in Pieces in Malaysia (FOB) - 2022
- Exports of Frozen Domestic Ducks, Not Cut in Pieces in Malaysia
Price for Frozen Domestic Ducks, Not Cut in Pieces in Malaysia (FOB) - 2022
In 2022, the average export price for frozen domestic ducks, not cut in pieceses amounted to $2,717 per ton, increasing by 19% against the previous year. In general, export price indicated tangible growth from 2013 to 2022: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen domestic ducks, not cut in pieceses increased by +33.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($3,383 per ton), while the average price for exports to Thailand ($1,590 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Frozen Domestic Ducks, Not Cut in Pieces in Malaysia
After three years of growth, shipments abroad of frozen domestic ducks, not cut in pieceses decreased by -16% to 1.8K tons in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37%.
In value terms, exports of frozen domestic ducks, not cut in pieceses dropped modestly to $4.9M in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, the exports attained the peak of $5M, leveling off in the following year.
| Export of Frozen Domestic Ducks, Not Cut in Pieces in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1,419 | 1,363 | 2,472 | 3,570 | 36.0% |
| Brunei Darussalam | 376 | 53.7 | 165 | 528 | 12.0% |
| United Arab Emirates | 331 | 395 | 1,027 | 424 | 8.6% |
| Japan | 45.2 | 671 | 664 | 135 | 44.0% |
| Kuwait | N/A | N/A | 67.0 | 101 | 50.7% |
| Maldives | 165 | 29.1 | 82.9 | 96.1 | -16.5% |
| Thailand | 35.7 | 575 | 329 | 17.5 | -21.2% |
| Others | 153 | 159 | 152 | 67.0 | -24.1% |
| Total | 2,525 | 3,245 | 4,958 | 4,937 | 25.0% |
Top Export Markets for Frozen Domestic Ducks, Not Cut in Pieces from Malaysia in 2022:
- Singapore (1249.1 tons)
- United Arab Emirates (253.8 tons)
- Brunei Darussalam (176.4 tons)
- Japan (49.7 tons)
- Kuwait (29.8 tons)
- Maldives (28.6 tons)
- Thailand (11.0 tons)
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