Malaysia - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Mixed Condiment, Sause and Seasoning in Malaysia - 2021
Contents:
- Price for Mixed Condiment, Sause and Seasoning in Malaysia (FOB) - 2021
- Price for Mixed Condiment, Sause and Seasoning in Malaysia (CIF) - 2021
- Exports of Mixed Condiment, Sause and Seasoning in Malaysia
- Imports of Mixed Condiment, Sause and Seasoning in Malaysia
Price for Mixed Condiment, Sause and Seasoning in Malaysia (FOB) - 2021
The average export price for mixed condiments, sauses and seasonings stood at $2,663 per ton in December 2021, waning by -8.4% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 an increase of 6.2% against the previous month. The export price peaked at $2,940 per ton in August 2021; however, from September 2021 to December 2021, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($4,265 per ton), while the average price for exports to Maldives ($1,500 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 Maldives (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mixed Condiment, Sause and Seasoning in Malaysia (CIF) - 2021
In December 2021, the average import price for mixed condiments, sauses and seasonings amounted to $1,799 per ton, increasing by 6.8% against the previous month. In general, the import price, however, saw a slight setback. The pace of growth appeared the most rapid in August 2021 an increase of 11% against the previous month. Over the period under review, average import prices reached the peak figure at $2,515 per ton in February 2021; however, from March 2021 to December 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($4,278 per ton), while the price for China ($1,109 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 the Philippines (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mixed Condiment, Sause and Seasoning in Malaysia
Mixed condiment, sause and seasoning exports from Malaysia reduced to 58K tons in 2022, with a decrease of -2.1% compared with the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4.2%. As a result, the exports reached the peak of 59K tons, and then reduced modestly in the following year.
In value terms, mixed condiment, sause and seasoning exports shrank to $161M in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 8.7%. As a result, the exports attained the peak of $168M, and then reduced modestly in the following year.
| Export of Mixed Condiment, Sause and Seasoning in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.4 | 0.2 | 0.1 | 161 | 638.3% |
| South Korea | 3.2 | 3.7 | 4.6 | N/A | 19.9% |
| Thailand | 7.6 | 8.9 | 8.7 | N/A | 7.0% |
| China | 9.1 | 6.7 | 7.9 | N/A | -6.8% |
| Vietnam | 8.3 | 6.6 | 7.3 | N/A | -6.2% |
| United States | 3.8 | 3.2 | 3.7 | N/A | -1.3% |
| Brunei Darussalam | 9.7 | 10.9 | 11.3 | N/A | 7.9% |
| Indonesia | 20.9 | 18.6 | 22.1 | N/A | 2.8% |
| Philippines | 6.9 | 6.0 | 7.5 | N/A | 4.3% |
| United Arab Emirates | 4.2 | 3.4 | 4.8 | N/A | 6.9% |
| Singapore | 39.0 | 43.1 | 47.3 | N/A | 10.1% |
| Bangladesh | 4.5 | 4.0 | 3.4 | N/A | -13.1% |
| Australia | 9.4 | 12.2 | 11.1 | N/A | 8.7% |
| Others | 25.7 | 26.7 | 27.7 | N/A | 3.8% |
| Total | 153 | 154 | 168 | 161 | 1.7% |
Top Export Markets for Mixed Condiment, Sause and Seasoning from Malaysia in 2022:
- Myanmar (58.1K tons)
Imports of Mixed Condiment, Sause and Seasoning in Malaysia
For the fourth year in a row, Malaysia recorded growth in overseas purchases of mixed condiments, sauses and seasonings, which increased by 41% to 99K tons in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.5% 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 +54.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, mixed condiment, sause and seasoning imports declined slightly to $145M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 5.4%. As a result, imports attained the peak of $149M, and then declined modestly in the following year.
| Import of Mixed Condiment, Sause and Seasoning in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.2 | 0.2 | N/A | 145 | 798.4% |
| Thailand | 46.1 | 42.4 | 46.0 | N/A | -0.1% |
| China | 29.9 | 39.2 | 36.0 | N/A | 9.7% |
| Indonesia | 12.7 | 15.2 | 14.8 | N/A | 8.0% |
| Philippines | 8.9 | 7.0 | 9.1 | N/A | 1.1% |
| Singapore | 8.4 | 9.7 | 10.8 | N/A | 13.4% |
| Others | 30.1 | 28.0 | 32.6 | N/A | 4.1% |
| Total | 136 | 142 | 149 | 145 | 2.2% |
Top Suppliers of Mixed Condiment, Sause and Seasoning to Malaysia in 2022:
- Myanmar (99.4K tons)
This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning 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:
- Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
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
-
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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