Malaysia - Vegetables (Preserved And Frozen) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Preserved and Frozen Vegetable in Malaysia - 2021
Contents:
- Price for Preserved and Frozen Vegetable in Malaysia (CIF) - 2021
- Price for Preserved and Frozen Vegetable in Malaysia (FOB) - 2021
- Imports of Preserved and Frozen Vegetable in Malaysia
- Exports of Preserved and Frozen Vegetable in Malaysia
Price for Preserved and Frozen Vegetable in Malaysia (CIF) - 2021
In December 2021, the average preserved and frozen vegetable import price amounted to $1,226 per ton, reducing by -2.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2021 an increase of 9.2% month-to-month. The import price peaked at $1,283 per ton in December 2020; however, from January 2021 to December 2021, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,456 per ton), while the price for India ($897 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 New Zealand (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Preserved and Frozen Vegetable in Malaysia (FOB) - 2021
The average preserved and frozen vegetable export price stood at $3,321 per ton in December 2021, rising by 11% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +3.1%. The pace of growth appeared the most rapid in March 2021 an increase of 33% m-o-m. The export price peaked at $3,520 per ton in October 2021; however, from November 2021 to December 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2021, the country with the highest price was Indonesia ($3,474 per ton), while the average price for exports to Thailand ($1,927 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 (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Preserved and Frozen Vegetable in Malaysia
In 2022, imports of vegetables (preserved, frozen) into Malaysia expanded sharply to 164K tons, picking up by 12% against 2021 figures. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, preserved and frozen vegetable imports skyrocketed to $195M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +66.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Preserved and Frozen Vegetable in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 56.3 | 44.0 | 52.8 | 67.3 | 6.1% |
| Belgium | 19.5 | 22.2 | 18.4 | 30.6 | 16.2% |
| Netherlands | 9.0 | 7.1 | 8.4 | 16.3 | 21.9% |
| Germany | 1.3 | 3.0 | 3.8 | 5.6 | 62.7% |
| China | 2.2 | 1.6 | 2.8 | 5.4 | 34.9% |
| India | 0.1 | 1.0 | 2.5 | 5.0 | 268.4% |
| New Zealand | 3.6 | 2.0 | 1.5 | 4.8 | 10.1% |
| France | 2.0 | 0.4 | 2.3 | 1.1 | -18.1% |
| Others | 34.1 | 36.4 | 40.6 | 59.1 | 20.1% |
| Total | 128 | 118 | 133 | 195 | 15.1% |
Top Suppliers of Preserved and Frozen Vegetable to Malaysia in 2022:
- United States (44.7K tons)
- Belgium (29.6K tons)
- Netherlands (13.9K tons)
- New Zealand (5.5K tons)
- Germany (5.3K tons)
- India (4.9K tons)
- China (4.6K tons)
- France (1.2K tons)
Exports of Preserved and Frozen Vegetable in Malaysia
For the third consecutive year, Malaysia recorded decline in shipments abroad of vegetables (preserved, frozen), which decreased by -49.7% to 942 tons in 2022. In general, exports faced a significant contraction. The smallest decline of -14.6% was in 2021.
In value terms, preserved and frozen vegetable exports reduced markedly to $2.2M in 2022. Overall, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 27%.
| Export of Preserved and Frozen Vegetable in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 938 | 989 | 2,327 | 1,253 | 10.1% |
| Brunei Darussalam | 122 | 238 | 596 | 746 | 82.9% |
| New Zealand | N/A | 3.6 | 9.1 | 50.6 | 274.9% |
| Belgium | N/A | N/A | 9.3 | 34.3 | 268.8% |
| Thailand | 3,372 | 956 | N/A | N/A | -71.6% |
| Vietnam | 232 | 117 | N/A | N/A | -49.6% |
| Indonesia | 172 | 236 | 473 | N/A | 65.8% |
| Others | 659 | 756 | 771 | 127 | -42.2% |
| Total | 5,496 | 3,296 | 4,184 | 2,211 | -26.2% |
Top Export Markets for Preserved and Frozen Vegetable from Malaysia in 2022:
- Singapore (690.3 tons)
- Brunei Darussalam (164.2 tons)
- Belgium (25.3 tons)
- New Zealand (13.7 tons)
This report provides an in-depth analysis of the market for preserved and frozen vegetable 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:
- FCL 475 - Vegetables, Preserved (Frozen)
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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