Malaysia: Fig Market Overview 2020

Fig Market Size in Malaysia

The revenue of the fig market in Malaysia amounted to $X in 2018, 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, fig consumption continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Fig consumption peaked in 2018 and is expected to retain its growth in the near future.

Fig Exports

Exports from Malaysia

Fig exports from Malaysia stood at X tonnes in 2018, jumping by X% against the previous year. In general, fig exports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, fig exports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, fig exports stood at $X in 2018. Overall, fig exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, fig exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Thailand (X tonnes), China (X tonnes) and Singapore (X tonnes) were the main destinations of fig exports from Malaysia, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the key foreign market for fig exports from Malaysia, comprising X% of total fig exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Thailand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Singapore (+X% per year).

Export Prices by Country

In 2018, the average fig export price amounted to $X per tonne, going down by -X% against the previous year. Overall, the fig export price, however, continues to indicate a pronounced increase. The growth pace was the most rapid in 2010 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for figs reached their peak figure at $X per tonne in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Thailand ($X per tonne), while the average price for exports to Kuwait ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into Malaysia

In 2018, approx. X tonnes of figs were imported into Malaysia; rising by X% against the previous year. In general, fig imports continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, fig imports totaled $X in 2018. Overall, fig imports continue to indicate an outstanding expansion. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Turkey (X tonnes) constituted the largest supplier of fig to Malaysia, with a X% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tonnes), fourfold. The third position in this ranking was occupied by Singapore (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and Singapore (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and Singapore (+X% per year).

Import Prices by Country

In 2018, the average fig import price amounted to $X per tonne, declining by -X% against the previous year. In general, the import price indicated noticeable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fig import price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Iran ($X per tonne), while the price for Sierra Leone ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform