
Malaysia - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
Malaysia: Frozen Potato Market 2022
Frozen Potato Market Size in Malaysia
The Malaysian frozen potato market skyrocketed to $X in 2021, 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). The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Frozen Potato Exports
Exports from Malaysia
In 2021, after two years of decline, there was significant growth in overseas shipments of frozen potatoes, when their volume increased by X% to X tons. Overall, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen potato exports surged to $X in 2021. Over the period under review, exports continue to indicate a moderate increase. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Singapore (X tons) was the main destination for frozen potato exports from Malaysia, with a X% share of total exports. Moreover, frozen potato exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), ninefold. Indonesia (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Indonesia (+X% per year).
In value terms, Singapore ($X) remains the key foreign market for frozen potato exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Brunei Darussalam, with a X% share.
From 2012 to 2021, 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: Thailand (+X% per year) and Brunei Darussalam (-X% per year).
Export Prices by Country
The average frozen potato export price stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced a decline.
Frozen Potato Imports
Imports into Malaysia
Frozen potato imports into Malaysia amounted to X tons in 2021, picking up by X% against 2020 figures. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.
In value terms, frozen potato imports surged to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, the United States (X tons) constituted the largest supplier of frozen potato to Malaysia, accounting for a X% share of total imports. Moreover, frozen potato imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and the Netherlands (+X% per year).
In value terms, the United States ($X) constituted the largest supplier of frozen potato to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.
From 2012 to 2021, the average annual growth rate of value from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and the Netherlands (+X% per year).
Import Prices by Country
In 2021, the average frozen potato import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the frozen potato 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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