Malaysia: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Malaysia

In 2020, the Malaysian frozen potato market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Frozen potato consumption peaked at $X in 2019, and then contracted in the following year.

Frozen Potato Production in Malaysia

In value terms, frozen potato production reduced to $X in 2020 estimated in export prices. In general, production continues to indicate a slight slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Frozen Potato Exports

Exports from Malaysia

For the third consecutive year, Malaysia recorded growth in shipments abroad of frozen potatoes, which increased by X% to X tonnes in 2020. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, frozen potato exports reached $X in 2020. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at $X in 2013; afterwards, it flattened through to 2020.

Exports by Country

Myanmar (X tonnes), Gambia (X tonnes) and Hong Kong SAR (X tonnes) were the main destinations of frozen potato exports from Malaysia.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Gambia ($X), Myanmar ($X) and Hong Kong SAR ($X) were the largest markets for frozen potato exported from Malaysia worldwide.

Myanmar (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average frozen potato export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Myanmar ($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 Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Malaysia

After three years of growth, overseas purchases of frozen potatoes decreased by -X% to X tonnes in 2020. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked at X tonnes in 2019, and then fell in the following year.

In value terms, frozen potato imports fell to $X in 2020. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2019, and then dropped in the following year.

Imports by Country

The U.S. (X tonnes), Belgium (X tonnes) and the Netherlands (X tonnes) were the main suppliers of frozen potato imports to Malaysia, with a combined X% share of total imports. These countries were followed by Germany, New Zealand and India, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato suppliers to Malaysia were the U.S. ($X), Belgium ($X) and the Netherlands ($X), together accounting for X% of total imports. These countries were followed by Germany, New Zealand and India, which together accounted for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average frozen potato import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen potatoes in the world?

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China (5.5M tonnes) constituted the country with the largest volume of frozen potato consumption, accounting for 23% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.4M tonnes), twofold. The third position in this ranking was occupied by India (2.1M tonnes), with a 8.9% share.

What are the largest producers of frozen potatoes in the world?

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The country with the largest volume of frozen potato production was China (5.4M tonnes), comprising approx. 22% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, Belgium (2.5M tonnes), twofold. The U.S. (2.2M tonnes) ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of frozen potatoes to Malaysia?

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In value terms, the largest frozen potato suppliers to Malaysia were the U.S. ($43M), Belgium ($22M) and the Netherlands ($6.6M), with a combined 89% share of total imports. Germany, New Zealand and India lagged somewhat behind, together accounting for a further 7.6%.

What are the leading importers of frozen potatoes from Malaysia?

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In value terms, the largest markets for frozen potato exported from Malaysia were Gambia ($4.3M), Myanmar ($2.6M) and Hong Kong SAR ($1.4M).

What is the average export price for frozen potatoes in Malaysia?

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The average frozen potato export price stood at $1,608 per tonne in 2020, shrinking by -5.7% against the previous year.

What is the average import price for frozen potatoes in Malaysia?

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The average frozen potato import price stood at $945 per tonne in 2020, reducing by -5.1% against the previous year.