Mandarins Price in Malaysia - 2021
Contents:
- Mandarins Price in Malaysia (CIF) - 2021
- Mandarins Price in Malaysia (FOB) - 2021
- Mandarins Imports in Malaysia
- Mandarins Exports in Malaysia
Mandarins Price in Malaysia (CIF) - 2021
In December 2021, the average mandarins import price amounted to $1,153 per ton, rising by 17% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in March 2021 when the average import price increased by 18% against the previous month. Over the period under review, average import prices reached the peak figure in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was China ($1,173 per ton), while the price for Thailand ($454 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by South Africa (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Mandarins Price in Malaysia (FOB) - 2021
The average mandarins export price stood at $611 per ton in December 2021, jumping by 39% against the previous month. In general, the export price, however, continues to indicate a slight setback. The growth pace was the most rapid in July 2021 when the average export price increased by 52% against the previous month. Over the period under review, the average export prices hit record highs at $1,184 per ton in September 2021; however, from October 2021 to December 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2021, the country with the highest price was Indonesia ($1,379 per ton), while the average price for exports to Thailand ($475 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Mandarins Imports in Malaysia
In 2022, the amount of fruit, edible imported into Malaysia declined remarkably to 62K tons, dropping by -16.9% compared with 2021. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of 74K tons, and then declined markedly in the following year.
In value terms, mandarins imports fell markedly to $58M in 2022. In general, imports showed a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of $72M, and then shrank dramatically in the following year.
| Import of Mandarins in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.9 | 38.6 | 58.8 | 45.9 | 7.5% |
| South Africa | 10.9 | 3.1 | 6.4 | 7.6 | -11.3% |
| Australia | 1.8 | 1.1 | 2.1 | 1.6 | -3.9% |
| Egypt | 2.7 | 0.9 | 1.4 | 1.1 | -25.9% |
| Others | 8.5 | 1.4 | 3.0 | 2.3 | -35.3% |
| Total | 60.8 | 45.2 | 71.7 | 58.5 | -1.3% |
Top Suppliers of Mandarins to Malaysia in 2022:
- China (48.8K tons)
- South Africa (8.6K tons)
- Egypt (1.3K tons)
- Australia (1.2K tons)
Mandarins Exports in Malaysia
In 2022, the amount of fruit, edible exported from Malaysia fell remarkably to 1.6K tons, waning by -41.3% compared with the previous year. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 477%. As a result, the exports reached the peak of 2.7K tons, and then plummeted in the following year.
In value terms, mandarins exports reduced remarkably to $892K in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 255%. As a result, the exports reached the peak of $1.4M, and then declined notably in the following year.
| Export of Mandarins in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 359 | 236 | 1,201 | 727 | 26.5% |
| Vietnam | 265 | 32.1 | 126 | 121 | -23.0% |
| Brunei Darussalam | 9.3 | 18.4 | 53.6 | 32.4 | 51.6% |
| Thailand | 36.3 | 91.3 | N/A | N/A | 151.5% |
| Others | 19.0 | 14.2 | 10.6 | 11.1 | -16.4% |
| Total | 689 | 392 | 1,391 | 892 | 9.0% |
Top Export Markets for Mandarins from Malaysia in 2022:
- Singapore (1513.4 tons)
- Vietnam (73.1 tons)
- Brunei Darussalam (21.4 tons)
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