Malaysia: Almond Market Overview 2021

Almond Market Size in Malaysia

The Malaysian almond market skyrocketed to $X in 2019, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed buoyant growth. Almond consumption peaked at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Almond Exports

Exports from Malaysia

Almond exports from Malaysia totaled X tonnes in 2019, almost unchanged from the year before. In general, exports faced a abrupt decrease. Over the period under review, exports reached the peak figure at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, almond exports amounted to $X in 2019. Over the period under review, exports continue to indicate a abrupt setback. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

China (X tonnes) was the main destination for almond exports from Malaysia, with a X% share of total exports. Moreover, almond exports to China exceeded the volume sent to the second major destination, Singapore (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to China was relatively modest.

From 2007 to 2019, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

The average almond export price stood at $X per tonne in 2019, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate slight growth. The export price peaked in 2019 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while the average price for exports to Singapore amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China.

Almond Imports

Imports into Malaysia

In 2019, approx. X tonnes of almonds were imported into Malaysia; surging by X% compared with the previous year's figure. Overall, imports posted prominent growth. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports remained at a lower figure.

In value terms, almond imports skyrocketed to $X in 2019. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR (X tonnes) and the U.S. (X tonnes) were the main suppliers of almond imports to Malaysia, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Hong Kong SAR (+X% per year).

In value terms, the largest almond suppliers to Malaysia were Hong Kong SAR ($X) and the U.S. ($X), with a combined X% share of total imports.

In terms of the main suppliers, Hong Kong SAR (+X% per year) saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2019, the average almond import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2015 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2018, and then fell markedly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Hong Kong SAR amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

+

The U.S. (1.7M tonnes) remains the largest almond consuming country worldwide, comprising approx. 50% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (338K tonnes), fivefold. Iran (182K tonnes) ranked third in terms of total consumption with a 5.3% share.

What are the largest producers of almonds in the world?

+

The country with the largest volume of almond production was the U.S. (1.9M tonnes), accounting for 55% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (340K tonnes), sixfold. The third position in this ranking was occupied by Iran (177K tonnes), with a 5.1% share.

What are the leading suppliers of almonds to Malaysia?

+

In value terms, Hong Kong SAR ($824K) and the U.S. ($525K) were the largest almond suppliers to Malaysia, together accounting for 98% of total imports.

What is the average export price for almonds in Malaysia?

+

In 2019, the average almond export price amounted to $5,016 per tonne, remaining constant against the previous year.

What is the average import price for almonds in Malaysia?

+

The average almond import price stood at $5,095 per tonne in 2019, falling by -23.7% against the previous year.