Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Malaysia - 2024

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Malaysia (CIF) - 2022
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Malaysia (FOB) - 2022
3. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Malaysia
4. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Malaysia

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Malaysia (CIF) - 2022

In 2022, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $2,032 per ton, increasing by 30% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 60% against the previous year. Over the period under review, average import prices hit record highs at $2,209 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Japan ($4,206 per ton), while the price for Myanmar ($491 per ton) was amongst the lowest.

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

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Malaysia (FOB) - 2022

The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,535 per ton in 2022, dropping by -5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 38%. Over the period under review, the average export prices reached the peak figure at $1,616 per ton in 2021, and then declined modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was French Polynesia ($5,791 per ton), while the average price for exports to Indonesia ($307 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 Canada (+40.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Malaysia

In 2022, the amount of flour and meal; of the dried leguminous vegetables of heading no. 0713 imported into Malaysia fell markedly to 141 tons, declining by -19.4% on the year before. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 when imports increased by 151%. As a result, imports attained the peak of 175 tons, and then contracted dramatically in the following year.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 expanded modestly to $287K in 2022. Over the period under review, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 101%. Over the period under review, imports of flour and meal; of dried leguminous vegetables of heading no. 0713 attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Malaysia in 2022:

1. India (104.0 tons)
2. Myanmar (15.0 tons)
3. Germany (8.2 tons)
4. Singapore (6.2 tons)
5. Japan (3.0 tons)
6. China (1.3 tons)

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Malaysia

In 2022, after three years of growth, there was significant decline in shipments abroad of flour and meal; of the dried leguminous vegetables of heading no. 0713, when their volume decreased by -88.8% to 35 tons. Over the period under review, exports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 7.9%.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 contracted sharply to $53K in 2022. Overall, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports reached the peak of $500K, and then dropped remarkably in the following year.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Malaysia in 2022:

1. Singapore (13.7 tons)
2. Indonesia (10.8 tons)
3. Canada (4.8 tons)
4. India (3.6 tons)
5. Australia (1.3 tons)
6. French Polynesia (0.6 tons)

Source: IndexBox Market Intelligence Platform