Malaysia: Nuts Market 2022

Nuts Market Size in Malaysia

The Malaysian nuts market rose markedly to $X in 2021, increasing by X% against the previous year. In general, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Nuts Production in Malaysia

In value terms, nuts production rose slightly to $X in 2021 estimated in export price. Overall, production, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Nuts Exports

Exports from Malaysia

In 2021, after two years of growth, there was significant decline in shipments abroad of nuts (prepared or preserved), when their volume decreased by -X% to X tons. The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, nuts exports declined to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2020, and then contracted in the following year.

Exports by Country

Singapore (X tons) was the main destination for nuts exports from Malaysia, accounting for a X% share of total exports. Moreover, nuts exports to Singapore exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and the United Arab Emirates (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and China (+X% per year).

Export Prices by Country

In 2021, the average nuts export price amounted to $X per ton, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Australia ($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 China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into Malaysia

Nuts imports into Malaysia reached X tons in 2021, rising by X% compared with 2020 figures. In general, imports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, nuts imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nuts to Malaysia, accounting for a X% share of total imports. Moreover, nuts imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of nuts to Malaysia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2021, the average nuts import price amounted to $X per ton, rising by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was Turkey ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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