Malaysia - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Malaysia - 2021
Contents:
- Refined Olive Oil Price in Malaysia (CIF) - 2021
- Refined Olive Oil Price in Malaysia (FOB) - 2022
- Refined Olive Oil Imports in Malaysia
- Refined Olive Oil Exports in Malaysia
Refined Olive Oil Price in Malaysia (CIF) - 2021
The average refined olive oil import price stood at $4,567 per ton in December 2021, waning by -2.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 an increase of 28% m-o-m. The import price peaked at $5,271 per ton in July 2021; however, from August 2021 to December 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($5,001 per ton), while the price for Turkey ($1,691 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 Spain (-0.4%), while the prices for the other major suppliers experienced a decline.
Refined Olive Oil Price in Malaysia (FOB) - 2022
In 2022, the average refined olive oil export price amounted to $4,651 per ton, picking up by 2.2% against the previous year. In general, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 56%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($44,311 per ton), while the average price for exports to Mauritania ($788 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 Hong Kong SAR (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in Malaysia
Refined olive oil imports into Malaysia shrank to 939 tons in 2022, which is down by -14.8% against the previous year. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of 1.1K tons, and then contracted in the following year.
In value terms, refined olive oil imports shrank significantly to $4.3M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +29.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of $5.1M, and then contracted rapidly in the following year.
| Import of Refined Olive Oil in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 367 | 280 | 425 | 810 | 30.2% |
| Spain | 937 | 1,039 | 900 | 784 | -5.8% |
| Switzerland | 305 | 346 | 447 | 630 | 27.4% |
| Singapore | 56.6 | 0.8 | 3.2 | 82.4 | 13.3% |
| Turkey | 19.6 | 14.4 | 66.4 | 55.4 | 41.4% |
| Syrian Arab Republic | 48.4 | 16.0 | 40.7 | 49.4 | 0.7% |
| Taiwan (Chinese) | 7.2 | 16.1 | 24.9 | 30.2 | 61.3% |
| Canada | 8.8 | 9.3 | 11.3 | 14.8 | 18.9% |
| Australia | 42.9 | 17.9 | 22.1 | 3.8 | -55.4% |
| Others | 1,543 | 1,753 | 3,174 | 1,844 | 6.1% |
| Total | 3,336 | 3,492 | 5,115 | 4,304 | 8.9% |
Top Suppliers of Refined Olive Oil to Malaysia in 2022:
- Italy (183.8 tons)
- Spain (173.9 tons)
- Switzerland (72.5 tons)
- Syrian Arab Republic (27.8 tons)
- Singapore (20.3 tons)
- Canada (17.9 tons)
- Taiwan (Chinese) (14.5 tons)
- Turkey (13.4 tons)
- Australia (0.7 tons)
Refined Olive Oil Exports in Malaysia
In 2022, after three years of growth, there was significant decline in shipments abroad of refined olive oil, when their volume decreased by -25.7% to 24 tons. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,527%.
In value terms, refined olive oil exports reduced dramatically to $110K in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,241%.
| Export of Refined Olive Oil in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1.9 | 23.7 | 46.7 | 35.2 | 164.6% |
| South Africa | 1.3 | 17.3 | 37.7 | 31.5 | 189.4% |
| Qatar | 1.3 | 15.5 | 29.6 | 22.7 | 159.4% |
| Philippines | 0.3 | 5.2 | 2.9 | 4.2 | 141.0% |
| Yemen | 0.3 | 3.0 | 5.5 | 3.9 | 135.1% |
| Saudi Arabia | 0.1 | 1.0 | 1.6 | 1.0 | 115.4% |
| Mauritania | 0.1 | 0.7 | 1.0 | 0.6 | 81.7% |
| Madagascar | N/A | 2.2 | N/A | N/A | 0% |
| Others | 0.4 | 6.5 | 19.9 | 11.0 | 201.8% |
| Total | 5.6 | 75.2 | 145 | 110 | 169.8% |
Top Export Markets for Refined Olive Oil from Malaysia in 2022:
- South Africa (13.7 tons)
- Qatar (3.5 tons)
- Yemen (2.3 tons)
- Philippines (1.0 tons)
- Hong Kong SAR (0.8 tons)
- Mauritania (0.7 tons)
- Saudi Arabia (0.4 tons)
This report provides an in-depth analysis of the refined olive oil market 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 10415310 - Refined olive oil and its fractions (excluding chemically modified)
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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