Malaysia - Apricots (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDried Apricot Price in Malaysia - 2021
Contents:
- Dried Apricot Price in Malaysia (CIF) - 2021
- Dried Apricot Price in Malaysia (FOB) - 2022
- Dried Apricot Imports in Malaysia
- Dried Apricot Exports in Malaysia
Dried Apricot Price in Malaysia (CIF) - 2021
The average dried apricot import price stood at $6,358 per ton in December 2021, with an increase of 3.6% against the previous month. In general, the import price saw a tangible expansion. The growth pace was the most rapid in November 2021 when the average import price increased by 88% m-o-m. Over the period under review, average import prices attained the maximum in December 2021.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From December 2020 to December 2021, the rate of growth in terms of prices for Turkey amounted to +4.9% per month.
Dried Apricot Price in Malaysia (FOB) - 2022
The average dried apricot export price stood at $5,068 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of 37%. The export price peaked at $11,419 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -0.3% per year.
Dried Apricot Imports in Malaysia
In 2022, approx. 337 tons of dried apricots were imported into Malaysia; shrinking by -8.6% compared with the year before. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of 369 tons, and then shrank in the following year.
In value terms, dried apricot imports fell markedly to $1.2M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of $1.5M, and then fell markedly in the following year.
| Import of Dried Apricot in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.9 | 0.9 | 1.4 | 1.2 | 10.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 1.0 | 1.5 | 1.2 | 6.3% |
Top Suppliers of Dried Apricot to Malaysia in 2022:
- Turkey (333.9 tons)
Dried Apricot Exports in Malaysia
In 2022, exports of dried apricots from Malaysia skyrocketed to 1.8 tons, jumping by 29% against 2021 figures. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 268% against the previous year. As a result, the exports reached the peak of 2.2 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, dried apricot exports skyrocketed to $9.2K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 220% against the previous year. As a result, the exports attained the peak of $11K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Dried Apricot in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2.4 | 6.9 | 5.7 | 9.2 | 56.5% |
| Japan | N/A | 3.4 | N/A | N/A | 0% |
| Sri Lanka | N/A | 1.0 | N/A | N/A | 0% |
| Indonesia | N/A | N/A | 0.8 | N/A | 0% |
| Turkey | 1.0 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.6 | N/A | 144.9% |
| Total | 3.5 | 11.3 | 7.2 | 9.2 | 38.0% |
Top Export Markets for Dried Apricot from Malaysia in 2022:
- Singapore (1.8 tons)
This report provides an in-depth analysis of the dried apricot 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 527 - Apricots, Dried
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
- 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 VOLUME AND VALUE
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
- 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
- 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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In 2019, global dried prune exports amounted to 178K tons. Chile was the largest exporter of dried prunes in the world, with the volume of exports reaching 69K tons, which was near 39% of total exports in 2019. Moldova emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.7% from 2007-2019.
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