Malaysia: Oil Crops Market 2024

Oil Crops Market Size in Malaysia

The Malaysian oil crops market reached $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Oil Crops Production in Malaysia

In value terms, oil crops production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Oil crops production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of oil crops (primary) in Malaysia stood at X tons per ha in 2022, picking up by X% compared with the previous year's figure. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by X%. The oil crops yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in Malaysia totaled X ha, therefore, remained relatively stable against the previous year. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to oil crops production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Oil Crops Exports

Exports from Malaysia

In 2022, overseas shipments of oil crops (primary) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, oil crops exports rose remarkably to $X in 2022. Over the period under review, exports, however, showed a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Indonesia (X tons) and Thailand (X tons) were the main destinations of oil crops exports from Malaysia, together comprising X% of total exports. China, Iran and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Thailand ($X) were the largest markets for oil crops exported from Malaysia worldwide, together comprising X% of total exports. Japan, China and Iran lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Iran, with a CAGR of X.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price enjoyed moderate growth. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Singapore ($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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Malaysia

In 2022, purchases abroad of oil crops (primary) decreased by X% to X tons, falling for the third consecutive year after six years of growth. In general, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, oil crops imports rose remarkably to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Indonesia (X tons) and South Africa (X tons) were the main suppliers of oil crops imports to Malaysia, together accounting for X% of total imports. Brazil, Australia, Canada, Thailand, Argentina and Paraguay lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of oil crops (primary) to Malaysia, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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