Malaysia: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Malaysia

In 2022, the Malaysian mushroom and truffle market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption saw buoyant growth. Mushroom and truffle consumption peaked at $X in 2021, and then dropped in the following year.

Mushroom And Truffle Exports

Exports from Malaysia

In 2022, after three years of growth, there was decline in overseas shipments of mushrooms and truffles, when their volume decreased by X% to X tons. In general, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, mushroom and truffle exports shrank to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for mushroom and truffle exports from Malaysia, accounting for a X% share of total exports. Moreover, mushroom and truffle exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), eightfold. The Philippines (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and the Philippines (X% per year).

In value terms, Singapore ($X) remains the key foreign market for mushrooms and truffles exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate 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 Hong Kong SAR (X% per year).

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a deep slump. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

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Mushroom And Truffle Imports

Imports into Malaysia

In 2022, approx. X tons of mushrooms and truffles were imported into Malaysia; growing by X% compared with the year before. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, mushroom and truffle imports dropped to $X in 2022. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest mushroom and truffle supplier to Malaysia, with a X% share of total imports. Moreover, mushroom and truffle imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2022, the average mushroom and truffle import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform