Frozen Strawberries Price in Malaysia - 2021
Contents:
- Frozen Strawberries Price in Malaysia (CIF) - 2021
- Frozen Strawberries Price in Malaysia (FOB) - 2022
- Frozen Strawberries Imports in Malaysia
- Frozen Strawberries Exports in Malaysia
Frozen Strawberries Price in Malaysia (CIF) - 2021
The average frozen strawberries import price stood at $2,470 per ton in December 2021, increasing by 9.6% against the previous month. In general, import price indicated a noticeable expansion from December 2020 to December 2021: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, frozen strawberries import price increased by +70.0% against October 2021 indices. The most prominent rate of growth was recorded in November 2021 an increase of 55% against the previous month. The import price peaked in December 2021.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the country with the highest price was Egypt ($3,356 per ton), while the price for China stood at $2,382 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Strawberries Price in Malaysia (FOB) - 2022
The average frozen strawberries export price stood at $1,561 per ton in 2022, falling by -56.9% against the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 156% against the previous year. Over the period under review, the average export prices hit record highs at $3,737 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($4,595 per ton), while the average price for exports to Indonesia ($872 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Strawberries Imports in Malaysia
In 2022, after three years of growth, there was significant decline in overseas purchases of frozen strawberrieses, when their volume decreased by -17.4% to 1K tons. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of 1.3K tons, and then shrank remarkably in the following year.
In value terms, frozen strawberries imports reduced dramatically to $1.7M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +38.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of $2.1M, and then shrank markedly in the following year.
| Import of Frozen Strawberries in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 527 | 475 | 638 | 671 | 8.4% |
| Egypt | 41.6 | 17.5 | 284 | 307 | 94.7% |
| New Zealand | 199 | 219 | 207 | 237 | 6.0% |
| Italy | 45.6 | 163 | 122 | 128 | 41.1% |
| Belgium | 61.8 | 22.0 | 65.3 | 47.9 | -8.1% |
| Morocco | 1.9 | 3.1 | 7.3 | 19.4 | 116.9% |
| Others | 347 | 365 | 801 | 285 | -6.4% |
| Total | 1,224 | 1,264 | 2,125 | 1,695 | 11.5% |
Top Suppliers of Frozen Strawberries to Malaysia in 2022:
- China (476.8 tons)
- Egypt (259.1 tons)
- Italy (107.8 tons)
- New Zealand (73.0 tons)
- Belgium (20.6 tons)
- Morocco (17.4 tons)
Frozen Strawberries Exports in Malaysia
In 2022, frozen strawberries exports from Malaysia surged to 23 tons, with an increase of 55% on the previous year. In general, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 619%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, frozen strawberries exports fell sharply to $35K in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 400%.
| Export of Frozen Strawberries in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.5 | 4.0 | 9.8 | 15.5 | 83.7% |
| Brunei Darussalam | 0.3 | 0.9 | 3.6 | 14.7 | 265.9% |
| Australia | 0.4 | 0.8 | 2.0 | 3.5 | 106.1% |
| Singapore | 0.3 | 0.3 | 0.8 | 1.3 | 63.0% |
| New Zealand | N/A | N/A | 31.2 | N/A | 0% |
| Thailand | N/A | N/A | 4.5 | N/A | 0% |
| United Kingdom | N/A | 10.0 | N/A | N/A | 0% |
| Others | N/A | 1.9 | 0.5 | 0.1 | -77.1% |
| Total | 3.6 | 17.9 | 52.4 | 35.1 | 113.6% |
Top Export Markets for Frozen Strawberries from Malaysia in 2022:
- Indonesia (17.7 tons)
- Brunei Darussalam (3.2 tons)
- Australia (1.0 tons)
- Singapore (0.5 tons)
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