Price for Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia - 2022

Contents:

  1. Price for Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia (CIF) - 2022
  2. Price for Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia (FOB) - 2022
  3. Imports of Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia
  4. Exports of Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia

Price for Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia (CIF) - 2022

In 2022, the average import price for vegetables; seed potatoes, fresh or chilleds amounted to $500 per ton, rising by 11% against the previous year. Overall, the import price recorded notable growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 45%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2013 to 2022, the rate of growth in terms of prices for Egypt amounted to +5.9% per year.

Price for Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia (FOB) - 2022

In 2022, the average export price for vegetables; seed potatoes, fresh or chilleds amounted to $3,445 per ton, rising by 31% against the previous year. Over the period under review, the export price continues to indicate a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($7,375 per ton), while the average price for exports to Thailand ($2,658 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+56.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia

After three years of growth, supplies from abroad of vegetables; seed potatoes, fresh or chilleds decreased by -43.3% to 66 tons in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 300%. As a result, imports attained the peak of 116 tons, and then shrank significantly in the following year.

In value terms, imports of vegetables; seed potatoes, fresh or chilleds declined significantly to $33K in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 406% against the previous year. As a result, imports attained the peak of $52K, and then contracted rapidly in the following year.

Import of Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A32.90%
United States0.51.24.5N/A200.0%
Egypt0.41.27.3N/A327.2%
Bangladesh1.44.730.2N/A364.5%
AustraliaN/A3.09.1N/A203.3%
Others0.10.21.3N/A260.6%
Total2.410.452.432.9139.3%

Top Suppliers of Vegetables; Seed Potatoes, Fresh or Chilled to Malaysia in 2022:

  1. China (65.8 tons)

Exports of Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia

In 2022, approx. 1 tons of vegetables; seed potatoes, fresh or chilleds were exported from Malaysia; with a decrease of -61.7% on the previous year. Overall, exports faced a precipitous decline.

In value terms, exports of vegetables; seed potatoes, fresh or chilleds plummeted to $3.6K in 2022. In general, exports faced a significant curtailment.

Export of Vegetables; Seed Potatoes, Fresh or Chilled in Malaysia (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
Brunei Darussalam4.52.3-48.9%
Singapore2.10.9-57.1%
Indonesia0.30.1-66.7%
Thailand0.20.1-50.0%
OthersN/A0.20%
Total7.13.6-49.3%

Top Export Markets for Vegetables; Seed Potatoes, Fresh or Chilled from Malaysia in 2022:

  1. Brunei Darussalam (739.0 kg)
  2. Singapore (243.0 kg)
  3. Thailand (38.0 kg)
  4. Indonesia (16.0 kg)

Source: IndexBox Market Intelligence Platform

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