Malaysia: Avocado Market 2024

Avocado Market Size in Malaysia

The Malaysian avocado market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, continues to indicate significant growth. Avocado consumption peaked at $X in 2021, and then reduced in the following year.

Avocado Production in Malaysia

In value terms, avocado production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average avocado yield in Malaysia declined slightly to X tons per ha, which is down by X% compared with the previous year's figure. Overall, the yield continues to indicate a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of X%. The avocado yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of avocados were harvested in Malaysia; with an increase of X% against the previous year's figure. Overall, the harvested area posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the avocado harvested area failed to regain momentum.

Avocado Exports

Exports from Malaysia

In 2022, overseas shipments of avocados increased by X% to X tons, rising for the sixth year in a row after two years of decline. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, avocado exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons) was the main destination for avocado exports from Malaysia, accounting for a X% share of total exports. Moreover, avocado exports to Thailand exceeded the volume sent to the second major destination, Singapore (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled X%.

In value terms, Thailand ($X) and Singapore ($X) were the largest markets for avocado exported from Malaysia worldwide.

Among the main countries of destination, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average avocado export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per ton), while the average price for exports to Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Avocado Imports

Imports into Malaysia

In 2022, avocado imports into Malaysia shrank to X tons, which is down by X% against the previous year's figure. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, avocado imports shrank to $X in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Australia (X tons) constituted the largest avocado supplier to Malaysia, accounting for a X% share of total imports. Moreover, avocado imports from Australia exceeded the figures recorded by the second-largest supplier, Kenya (X tons), fourfold. The Philippines (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (X% per year) and the Philippines (X% per year).

In value terms, Australia ($X) constituted the largest supplier of avocados to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Kenya ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (X% per year) and the Philippines (X% per year).

Import Prices by Country

The average avocado import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a buoyant increase. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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