Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia - 2024
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia (FOB) - 2024
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia (CIF) - 2024
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia (FOB) - 2024
In January 2024, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,982 per ton, surging by 5.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 5.6% m-o-m. Over the period under review, the average export prices reached the maximum at $3,096 per ton in October 2023; however, from November 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Hong Kong SAR ($5,248 per ton), while the average price for exports to the Philippines ($1,862 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia (CIF) - 2024
In January 2024, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,165 per ton, growing by 11% against the previous month. Over the period under review, import price indicated a pronounced expansion from January 2023 to January 2024: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for soups and broths and preparations therefor; homogenised composite food preparationses increased by +55.2% against November 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 66% against the previous month. As a result, import price attained the peak level of $5,172 per ton. From March 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 Taiwan (Chinese) ($6,469 per ton), while the price for South Korea ($825 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 Thailand (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia
In 2022, overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -2.6% to 4.6K tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 2.7% against the previous year. As a result, the exports attained the peak of 6.9K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses declined to $12M in 2022. Over the period under review, exports saw a deep contraction. The smallest decline of -1.9% was in 2021.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 4.0 | 4.0 | 4.5 | 3.7 | -2.6% |
| South Korea | N/A | N/A | N/A | 2.9 | 0% |
| Bangladesh | 0.3 | 0.8 | 2.7 | 2.0 | 88.2% |
| Philippines | 0.7 | 0.6 | 0.5 | 0.9 | 8.7% |
| Hong Kong SAR | 5.6 | 4.4 | 1.8 | 0.6 | -52.5% |
| United Arab Emirates | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| Thailand | 0.7 | 0.4 | 0.3 | 0.2 | -34.1% |
| Indonesia | 1.7 | 0.7 | 0.3 | 0.1 | -61.1% |
| Others | 1.6 | 1.6 | 2.0 | 1.4 | -4.4% |
| Total | 15.2 | 12.7 | 12.5 | 12.2 | -7.1% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Malaysia in 2022:
- Singapore (1567.3 tons)
- South Korea (1225.4 tons)
- Bangladesh (681.5 tons)
- Philippines (442.7 tons)
- Hong Kong SAR (266.6 tons)
- United Arab Emirates (122.3 tons)
- Thailand (75.5 tons)
- Indonesia (17.4 tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses imported into Malaysia declined remarkably to 1.2K tons, waning by -23.4% on 2021. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 15%.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses declined modestly to $4.3M in 2022. In general, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,554 | 665 | 757 | 1,264 | -6.7% |
| Australia | 613 | 578 | 727 | 673 | 3.2% |
| Taiwan (Chinese) | 264 | 274 | 308 | 599 | 31.4% |
| Thailand | 842 | 830 | 725 | 507 | -15.6% |
| United Kingdom | 405 | 346 | 512 | 471 | 5.2% |
| France | 73.8 | 148 | 217 | 200 | 39.4% |
| China | 388 | 269 | 552 | 175 | -23.3% |
| Others | 386 | 560 | 630 | 373 | -1.1% |
| Total | 4,525 | 3,670 | 4,428 | 4,263 | -2.0% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Malaysia in 2022:
- Thailand (294.5 tons)
- Japan (261.2 tons)
- Australia (135.0 tons)
- United Kingdom (125.9 tons)
- Taiwan (Chinese) (124.7 tons)
- China (94.1 tons)
- France (80.1 tons)
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