Malaysia - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSweet Potato Price in Malaysia - 2021
Contents:
- Sweet Potato Price in Malaysia (CIF) - 2021
- Sweet Potato Price in Malaysia (FOB) - 2021
- Sweet Potato Imports in Malaysia
- Sweet Potato Exports in Malaysia
Sweet Potato Price in Malaysia (CIF) - 2021
The average sweet potato import price stood at $710 per ton in December 2021, picking up by 12% against the previous month. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $723 per ton in April 2021; however, from May 2021 to December 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($2,747 per ton), while the price for Thailand ($238 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 Netherlands (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sweet Potato Price in Malaysia (FOB) - 2021
In December 2021, the average sweet potato export price amounted to $536 per ton, growing by 54% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 when the average export price increased by 166% month-to-month. As a result, the export price reached the peak level of $1,243 per ton. From August 2021 to December 2021, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From December 2020 to December 2021, the rate of growth in terms of prices for Singapore amounted to +0.1% per month.
Sweet Potato Imports in Malaysia
In 2022, the amount of sweet potatoes imported into Malaysia rose remarkably to 18K tons, growing by 8% against 2021. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, sweet potato imports rose to $11M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 31%. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Sweet Potato in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.9 | 6.2 | 4.9 | 5.2 | 2.0% |
| Indonesia | 1.6 | 1.8 | 2.2 | 2.1 | 9.5% |
| Netherlands | N/A | 0.2 | 0.9 | 0.9 | 112.1% |
| Thailand | 1.0 | 0.9 | 0.7 | 0.9 | -3.5% |
| China | 0.3 | 0.4 | 0.6 | 0.6 | 26.0% |
| United States | N/A | 0.6 | N/A | 0.2 | -42.3% |
| Others | 1.0 | 1.5 | 1.5 | 1.3 | 9.1% |
| Total | 8.9 | 11.6 | 10.8 | 11.2 | 8.0% |
Top Suppliers of Sweet Potato to Malaysia in 2022:
- Indonesia (6.1K tons)
- Vietnam (4.9K tons)
- Thailand (3.5K tons)
- Netherlands (1.3K tons)
- China (1.3K tons)
- United States (0.4K tons)
Sweet Potato Exports in Malaysia
After three years of growth, overseas shipments of sweet potatoes decreased by -19.2% to 1.8K tons in 2022. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. As a result, the exports reached the peak of 2.3K tons, and then plummeted in the following year.
In value terms, sweet potato exports declined notably to $798K in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of $1M, and then declined rapidly in the following year.
| Export of Sweet Potato in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 453 | 580 | 1,003 | 798 | 20.8% |
| Others | 5.0 | 11.1 | 1.0 | N/A | -55.3% |
| Total | 458 | 592 | 1,004 | 798 | 20.3% |
Top Export Markets for Sweet Potato from Malaysia in 2022:
- Singapore (1.8K tons)
This report provides an in-depth analysis of the sweet potato 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:
- FCL 122 - Sweet potatoes
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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