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Malaysia - Figs - Market Analysis, Forecast, Size, Trends and Insights
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Malaysia: Fig Market Overview 2021

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Fig Market Size in Malaysia

The Malaysian fig market was estimated at $X in 2020, with an increase of 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). Over the period under review, consumption enjoyed a significant expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Fig consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Fig Exports

Exports from Malaysia

In 2020, approx. X tonnes of figs were exported from Malaysia; shrinking by -X% on 2019 figures. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2016 to 2020, the growth exports failed to regain the momentum.

In value terms, fig exports reduced to $X in 2020. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2016 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tonnes) was the main destination for fig exports from Malaysia, with a X% share of total exports. Moreover, fig exports to Thailand exceeded the volume sent to the second major destination, Singapore (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Macao SAR (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Thailand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Macao SAR (-X% per year).

Export Prices by Country

In 2020, the average fig export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was Thailand ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 mixed trend patterns.

Fig Imports

Imports into Malaysia

In 2020, approx. X tonnes of figs were imported into Malaysia; rising by X% against 2019 figures. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, fig imports expanded sharply to $X in 2020. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Turkey (X tonnes) constituted the largest supplier of fig to Malaysia, accounting for a X% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tonnes), threefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and China (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average fig import price amounted to $X per tonne, waning by -X% against the previous year. In general, import price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, fig import price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for figs in the world?
+
The countries with the highest volumes of fig consumption in 2020 were Turkey (249K tonnes), Egypt (223K tonnes) and Morocco (165K tonnes), with a combined 47% share of global consumption. These countries were followed by Iran, Algeria, Spain, the U.S., Syrian Arab Republic, India, Tunisia, France, Albania and China, which together accounted for a further 37%.
What are the largest producers of figs in the world?
+
The countries with the highest volumes of fig production in 2020 were Turkey (320K tonnes), Egypt (222K tonnes) and Morocco (166K tonnes), together comprising 52% of global production.
What are the leading suppliers of figs to Malaysia?
+
In value terms, Turkey ($887K) constituted the largest supplier of fig to Malaysia, comprising 50% of total imports. The second position in the ranking was occupied by Iran ($434K), with a 24% share of total imports. It was followed by China, with a 11% share.
What are the leading importers of figs from Malaysia?
+
In value terms, Thailand ($28K) remains the key foreign market for fig exports from Malaysia, comprising 67% of total exports. The second position in the ranking was occupied by Singapore ($11K), with a 27% share of total exports.
What is the average export price for figs in Malaysia?
+
In 2020, the average fig export price amounted to $7,811 per tonne, increasing by 10% against the previous year.
What is the average import price for figs in Malaysia?
+
In 2020, the average fig import price amounted to $4,154 per tonne, with a decrease of -8% against the previous year.

Product coverage:
• FCL 569 - Figs

This report provides an in-depth analysis of the fig market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Malaysia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Malaysia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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