Malaysia: Chili And Pepper Market 2024

Chili And Pepper Market Size in Malaysia

In 2022, the Malaysian chili and pepper market increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, consumption continues to indicate a moderate increase. Chili and pepper consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Chili And Pepper Production in Malaysia

In value terms, chili and pepper production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of chilies and peppers (green) in Malaysia expanded significantly to X tons per ha, rising by X% on the year before. In general, the yield, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the average chili and pepper yield remained 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.

The chili and pepper harvested area in Malaysia soared to X ha in 2022, growing by X% compared with the previous year. Over the period under review, the total harvested area indicated notable growth from 2012 to 2022: its figure 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, chili and pepper harvested area increased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 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 2014 to 2022, the growth of the chili and pepper harvested area failed to regain momentum.

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Chili And Pepper Exports

Exports from Malaysia

In 2022, the amount of chilies and peppers (green) exported from Malaysia reduced to X tons, falling by X% on the year before. Over the period under review, exports saw a mild decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, chili and pepper exports reduced modestly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

Singapore (X tons) was the main destination for chili and pepper exports from Malaysia, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest.

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

From 2012 to 2022, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Chili And Pepper Imports

Imports into Malaysia

In 2022, overseas purchases of chilies and peppers (green) increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chili and pepper imports soared to $X in 2022. Overall, imports continue to indicate a measured increase. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) was the main supplier of chili and pepper to Malaysia, accounting for a X% share of total imports. Moreover, chili and pepper imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

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

In value terms, Thailand ($X) constituted the largest supplier of chilies and peppers (green) to Malaysia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average chili and pepper import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 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 China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform