Malaysia: Green Bean Market 2022

Green Bean Market Size in Malaysia

After three years of growth, the Malaysian green bean market decreased by -X% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Green Bean Production in Malaysia

In value terms, green bean production reduced modestly to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2020, and then fell slightly in the following year.

In 2021, the average green bean yield in Malaysia stood at less than X kg per ha, therefore, remained relatively stable against 2020 figures. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of green beans production in Malaysia amounted to less than X ha, flattening at 2020. In general, the harvested area showed a relatively flat trend pattern.

Green Bean Exports

Exports from Malaysia

In 2021, green bean exports from Malaysia surged to X tonnes, rising by X% on the previous year's figure. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, green bean exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tonnes) was the main destination for green bean exports from Malaysia, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +X%.

In value terms, Singapore ($X) also remains the key foreign market for green bean exports from Malaysia.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +X%.

Export Prices by Country

The average green bean export price stood at $X per tonne in 2021, which is down by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The export price peaked at $X per tonne in 2020, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to +X% per year.

Green Bean Imports

Imports into Malaysia

In 2021, approx. X tonnes of green beans were imported into Malaysia; declining by -X% against 2020. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes, and then reduced remarkably in the following year.

In value terms, green bean imports contracted markedly to $X in 2021. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% y-o-y. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2021, Australia (X tonnes) constituted the largest supplier of green bean to Malaysia, with a X% share of total imports. Moreover, green bean imports from Australia exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), twofold.

From 2012 to 2021, the average annual growth rate of volume from Australia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (+X% per year).

In value terms, Australia ($X) constituted the largest supplier of green bean to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (+X% per year).

Import Prices by Country

The average green bean import price stood at $X per tonne in 2021, increasing by X% against the previous year. Overall, the import price posted a mild increase. The growth pace was the most rapid in 2018 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform