Malaysia: Nuts Market Overview 2021

Nuts Market Size in Malaysia

The Malaysian nuts market rose remarkably to $X in 2019, with an increase of X% against the previous year. Over the period under review, consumption posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Nuts consumption peaked in 2019 and is likely to see steady growth in the immediate term.

Nuts Production in Malaysia

In value terms, nuts production expanded notably to $X in 2019 estimated in export prices. Over the period under review, production recorded a resilient expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% y-o-y. Nuts production peaked in 2019 and is likely to see gradual growth in the immediate term.

Nuts Exports

Exports from Malaysia

Nuts exports from Malaysia amounted to X tonnes in 2019, increasing by X% on 2018 figures. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, nuts exports expanded markedly to $X in 2019. In general, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Singapore (X tonnes) was the main destination for nuts exports from Malaysia, with a X% share of total exports. Moreover, nuts exports to Singapore exceeded the volume sent to the second major destination, China (X tonnes), sixfold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Singapore totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Indonesia (+X% per year).

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

From 2007 to 2019, 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: China (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

The average nuts export price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Singapore ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into Malaysia

In 2019, approx. X tonnes of nuts (prepared or preserved) were imported into Malaysia; picking up by X% on the year before. Overall, total imports indicated a noticeable increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, nuts imports reached $X in 2019. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) 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, Singapore (X tonnes), sixfold. The third position in this ranking was occupied by India (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and India (+X% per year).

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

From 2007 to 2019, 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: Singapore (-X% per year) and India (+X% per year).

Import Prices by Country

The average nuts import price stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, import price indicated a buoyant increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, nuts import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. The import price peaked in 2019 and is expected to retain growth in the immediate term.

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

From 2007 to 2019, 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 nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts consumption in 2019 were China (1.3M tonnes), the U.S. (711K tonnes) and Turkey (637K tonnes), together accounting for 28% of global consumption. These countries were followed by India, Japan, Pakistan, Russia, Brazil, Indonesia, Italy, Bangladesh, France and Mexico, which together accounted for a further 29%.

What are the largest producers of nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts production in 2019 were China (1.4M tonnes), Turkey (766K tonnes) and the U.S. (757K tonnes), with a combined 31% share of global production. India, Russia, Pakistan, Japan, Brazil, Indonesia, Italy, Bangladesh, Mexico and France lagged somewhat behind, together accounting for a further 29%.

What are the leading suppliers of nuts (prepared or preserved) to Malaysia?

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In value terms, China ($20M) constituted the largest supplier of nuts to Malaysia, comprising 58% of total imports. The second position in the ranking was occupied by Singapore ($2.6M), with a 7.6% share of total imports. It was followed by India, with a 6.7% share.

What are the leading importers of nuts (prepared or preserved) from Malaysia?

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In value terms, Singapore ($23M) remains the key foreign market for nuts exports from Malaysia, comprising 63% of total exports. The second position in the ranking was occupied by China ($3.2M), with a 8.6% share of total exports. It was followed by Hong Kong SAR, with a 8.4% share.

What is the average export price for nuts (prepared or preserved) in Malaysia?

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In 2019, the average nuts export price amounted to $5,579 per tonne, which is down by -1.7% against the previous year.

What is the average import price for nuts (prepared or preserved) in Malaysia?

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In 2019, the average nuts import price amounted to $4,034 per tonne, with an increase of 2.5% against the previous year.