Price for Flour and Meal; of Potatoes in Malaysia - 2021

Contents:

1. Price for Flour and Meal; of Potatoes in Malaysia (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Malaysia (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Malaysia
4. Exports of Flour and Meal; of Potatoes in Malaysia

Price for Flour and Meal; of Potatoes in Malaysia (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $1,936 per ton, increasing by 5.6% against the previous year. In general, the import price showed resilient growth. The growth pace was the most rapid in 2019 an increase of 51% against the previous year. As a result, import price attained the peak level of $1,946 per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($6,235 per ton), while the price for Myanmar ($487 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+35.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Malaysia (FOB) - 2022

The average export price for flour and meal; of potatoeses stood at $1,352 per ton in 2022, increasing by 7% against the previous year. Overall, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 30% against the previous year. The export price peaked at $3,430 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,848 per ton), while the average price for exports to Brunei Darussalam ($801 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 China (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Flour and Meal; of Potatoes in Malaysia

In 2022, overseas purchases of flour and meal; of potatoeses decreased by -6.5% to 873 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 52%.

In value terms, flour and meal; of potatoes imports dropped to $1.7M in 2022. The total import value increased at an average annual rate of +13.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year.

Top Suppliers of Flour and Meal; of Potatoes to Malaysia in 2022:

1. Netherlands (255.3 tons)
2. China (161.8 tons)
3. Myanmar (126.9 tons)
4. Taiwan (Chinese) (20.8 tons)
5. Germany (20.3 tons)
6. United States (6.1 tons)

Exports of Flour and Meal; of Potatoes in Malaysia

In 2022, approx. 257 tons of flour and meal; of potatoeses were exported from Malaysia; approximately reflecting 2021. Over the period under review, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 5.2%.

In value terms, flour and meal; of potatoes exports amounted to $347K in 2022. In general, exports recorded a dramatic contraction.

Top Export Markets for Flour and Meal; of Potatoes from Malaysia in 2022:

1. Nigeria (153.1 tons)
2. Qatar (38.6 tons)
3. Brunei Darussalam (17.6 tons)
4. Singapore (13.3 tons)
5. Indonesia (11.4 tons)
6. Mauritius (10.3 tons)
7. China (3.4 tons)

Source: IndexBox Market Intelligence Platform