Malaysia: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in Malaysia

In 2022, the Malaysian vinegar-preserved vegetable market decreased by X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, saw a mild downturn. Vinegar-preserved vegetable consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Vinegar-Preserved Vegetable Exports

Exports from Malaysia

In 2022, after two years of growth, there was significant decline in shipments abroad of vegetables in vinegar other than potatoes, when their volume decreased by X% to X tons. In general, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted notably in the following year.

In value terms, vinegar-preserved vegetable exports contracted to $X in 2022. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for vinegar-preserved vegetable exports from Malaysia, accounting for a X% share of total exports. Moreover, vinegar-preserved vegetable exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and the Philippines (X% per year).

In value terms, Singapore ($X) remains the key foreign market for vegetables in vinegar other than potatoes exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and the Philippines (X% per year).

Export Prices by Country

The average vinegar-preserved vegetable export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinegar-preserved vegetable export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the Philippines ($X 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 Brunei Darussalam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vinegar-Preserved Vegetable Imports

Imports into Malaysia

Vinegar-preserved vegetable imports into Malaysia reduced rapidly to X tons in 2022, dropping by X% compared with 2021 figures. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vinegar-preserved vegetable imports contracted notably to $X in 2022. Over the period under review, imports recorded a mild slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and India (X tons) were the main suppliers of vinegar-preserved vegetable imports to Malaysia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar-preserved vegetable suppliers to Malaysia were China ($X), Turkey ($X) and India ($X), together accounting for X% of total imports.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vinegar-preserved vegetable import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price recorded a noticeable setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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