Malaysia - Carrots And Turnips - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCarrot and Turnip Price in Malaysia - 2021
Contents:
- Carrot and Turnip Price in Malaysia (CIF) - 2021
- Carrot and Turnip Price in Malaysia (FOB) - 2021
- Carrot and Turnip Imports in Malaysia
- Carrot and Turnip Exports in Malaysia
Carrot and Turnip Price in Malaysia (CIF) - 2021
The average carrot and turnip import price stood at $704 per ton in December 2021, rising by 15% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in February 2021 when the average import price increased by 22% month-to-month. As a result, import price reached the peak level of $709 per ton. From March 2021 to December 2021, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Australia ($806 per ton), while the price for China amounted to $679 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Carrot and Turnip Price in Malaysia (FOB) - 2021
In December 2021, the average carrot and turnip export price amounted to $546 per ton, jumping by 84% against the previous month. Overall, export price indicated a pronounced expansion from December 2020 to December 2021: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, carrot and turnip export price increased by +83.6% against November 2021 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From December 2020 to December 2021, the rate of growth in terms of prices for Singapore amounted to +4.6% per month.
Carrot and Turnip Imports in Malaysia
In 2022, the amount of carrots and turnips imported into Malaysia fell significantly to 67K tons, declining by -21% on the previous year's figure. Over the period under review, imports faced a drastic downturn. The smallest decline of -2.5% was in 2021.
In value terms, carrot and turnip imports contracted dramatically to $36M in 2022. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of $49M, and then contracted sharply in the following year.
| Import of Carrot and Turnip in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.4 | 28.8 | 29.3 | 21.2 | -9.3% |
| Australia | 10.7 | 11.6 | 13.8 | 10.0 | -2.2% |
| Vietnam | 2.7 | 2.4 | 5.4 | 3.9 | 13.0% |
| Others | 1.2 | 1.2 | 1.0 | 0.8 | -12.6% |
| Total | 43.0 | 44.0 | 49.5 | 36.0 | -5.8% |
Top Suppliers of Carrot and Turnip to Malaysia in 2022:
- China (45.9K tons)
- Australia (12.8K tons)
- Vietnam (7.3K tons)
Carrot and Turnip Exports in Malaysia
For the fourth year in a row, Malaysia recorded growth in shipments abroad of carrots and turnips, which increased by 3% to 6.8K tons in 2022. The total export volume increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, carrot and turnip exports reduced to $2.2M in 2022. Overall, exports, however, showed a mild shrinkage. The growth pace was the most rapid in 2021 when exports increased by 6%. As a result, the exports reached the peak of $2.4M, and then dropped in the following year.
| Export of Carrot and Turnip in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.8 | 1.3 | 1.7 | 1.5 | -5.9% |
| Indonesia | 0.4 | 0.9 | 0.7 | 0.6 | 14.5% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 2.3 | 2.3 | 2.4 | 2.2 | -1.5% |
Top Export Markets for Carrot and Turnip from Malaysia in 2022:
- Singapore (5.1K tons)
- Indonesia (1.5K tons)
This report provides an in-depth analysis of the carrot and turnip market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 426 - Carrot
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the carrot and turnip market in Malaysia.
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This report provides an in-depth analysis of the global carrot and turnip market.
826
This report provides an in-depth analysis of the carrot and turnip market in Malaysia.
3653
This report provides an in-depth analysis of the global carrot and turnip market.
8316
Global carrot and turnip consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
4390
Global carrot and turnip exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
4985
Global carrot and turnip imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
5629
In 2015, the country with the largest volume of the carrot and turnip output was China (X thousand tons), accounting for X% of global production.
1799
Despite relatively rocky export numbers in 2014, the Netherlands remained one of the leaders in the global carrot and turnip trade. In 2014, the Netherlands exported X thousand tons of carrot and turnip totaling X million USD, X% under the previo
8316
Global carrot and turnip consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
4390
Global carrot and turnip exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
4985
Global carrot and turnip imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
5629
In 2015, the country with the largest volume of the carrot and turnip output was China (X thousand tons), accounting for X% of global production.
1799
Despite relatively rocky export numbers in 2014, the Netherlands remained one of the leaders in the global carrot and turnip trade. In 2014, the Netherlands exported X thousand tons of carrot and turnip totaling X million USD, X% under the previo
