Last updated: January 2024
Based on my research, the price range of sea bass in Malaysia is between MYR 42 and MYR 120 per kilogram in Kuala Lumpur and George Town. These prices are subject to change depending on various factors, such as the season, supply and demand, and location.
Sea bass is a popular fish in Malaysia, known for its mild and delicate flavour. It is commonly used in local dishes such as assam pedas and steamed fish with ginger and soy sauce. As such, it is an important commodity in the Malaysian seafood industry, with both local and international demand. Understanding the current prices of sea bass in Malaysia is crucial for both consumers and businesses in the industry, as it can affect their purchasing decisions and profitability.
Here are some of our top picks on:
- How much does fish cost in Malaysia? - Fish Price Malaysia
- How much is a tray of eggs in Malaysia? - Malaysia Egg Price
- Is coffee expensive in Malaysia? - Malaysia Coffee Price
Malaysia Sea Bass Overview
Sea Bass is a popular fish species in Malaysia, known for its mild and delicate flavour. It is a versatile fish that can be cooked in a variety of ways, making it a favourite among seafood lovers. In this section, I will provide an overview of Malaysia's Sea Bass market, including production, prices, and trade.
Production
Sea Bass is farmed extensively in Malaysia, with the majority of production taking place in freshwater ponds and cages in coastal areas. The fish is raised in a controlled environment, which ensures that it is of high quality and free from contaminants. Malaysia's Sea Bass production has been steadily increasing over the years, with the country now being one of the top producers of Sea Bass in the world.
Prices
The retail price range for Sea Bass in Malaysia varies depending on the location and season. According to Selina Wamucii, the retail price range for Sea Bass in Kuala Lumpur and George Town is between MYR 42 and MYR 120 per kilogram. The prices may vary depending on factors such as the size of the fish, the location of the market, and the demand.
Trade
Malaysia exports Sea Bass to countries such as Singapore, Hong Kong, and China. The country's Sea Bass exports have been increasing in recent years, with the demand for the fish growing in the international market. According to a report by WM Strategy, Malaysia's Sea Bass exports are expected to continue to grow due to the increasing demand for high-quality fish in the global market.
In conclusion, Sea Bass is an important fish species in Malaysia, with a growing market both domestically and internationally. The fish is produced in a controlled environment, ensuring high quality and safety for consumers. The prices of Sea Bass in Malaysia vary depending on location and season, and the country's Sea Bass exports are expected to continue to grow in the coming years.
Price Determining Factors
As a seafood enthusiast, I have been keeping an eye on the retail prices of Malaysia Sea Bass. After conducting research and analyzing data, I have found that the following factors play a significant role in determining the price of Malaysia Sea Bass.
Supply and Demand
The law of supply and demand is one of the most significant determinants of the price of any commodity, including Malaysia Sea Bass. When there is a high demand for the fish, and the supply is low, the price will increase. Conversely, when the supply is high, and the demand is low, the price will decrease.
Seasonality
The seasonality of Malaysia Sea Bass is another factor that affects its price. The fish is more abundant during certain seasons, and this can lead to a decrease in price. For example, during the monsoon season, the fish is more difficult to catch, and this can lead to an increase in price.
Fishing Policies
Fishing policies are another factor that affects the price of Malaysia Sea Bass. The Malaysian government has implemented policies to regulate fishing and protect the fish population. These policies can limit the supply of the fish, leading to an increase in price.
In conclusion, the price of Malaysia Sea Bass is determined by several factors, including supply and demand, seasonality, and fishing policies. As a consumer, it is essential to keep these factors in mind when purchasing the fish to ensure that you are getting the best value for your money.
Historical Price Analysis
I have analysed the historical prices of sea bass in Malaysia using the data available from the Lembaga Kemajuan Ikan Malaysia (LKIM) Fish Market Price Report.
According to the report, the average price of sea bass in Malaysia has been fluctuating over the past few years. In 2015, the average price per kilogram of sea bass was MYR 17.40. However, the prices started to decline in 2016, and by 2017, the average price per kilogram was MYR 10.50.
The prices continued to fluctuate in 2018 and 2019, with the average price per kilogram being MYR 11.80 and MYR 12.50, respectively. However, in 2020, the prices of sea bass in Malaysia saw a significant increase, with the average price per kilogram being MYR 18.50.
It is worth noting that the COVID-19 pandemic had a significant impact on the prices of sea bass in Malaysia. The prices started to increase in March 2020, and by June 2020, the average price per kilogram was MYR 22.50.
Overall, the historical price analysis of sea bass in Malaysia shows that the prices have been fluctuating over the past few years, with a significant increase in 2020 due to the COVID-19 pandemic.
Malaysia Sea Bass Prices
In conclusion, the Malaysia sea bass price is subject to various factors, including supply and demand, production costs, and market competition.
While fluctuations in price are common, the overall trend in recent years has been an increase in the price of Malaysia sea bass due to growing demand and limited supply.
Consumers can expect to pay a premium for this high-quality fish, but the nutritional benefits and delicious taste make it a worthwhile investment for seafood enthusiasts. As the industry continues to evolve, it will be interesting to see how the Malaysia sea bass market adapts to changing consumer preferences and economic conditions.
