Latest Report Update: May 31, 2021

Malaysia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Malaysia: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Malaysia

In 2020, after four years of growth, there was significant decline in the Malaysian virgin olive oil market, when its value decreased by -X% to $X. Over the period under review, consumption, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Virgin olive oil consumption peaked at $X in 2019, and then shrank sharply in the following year.

Virgin Olive Oil Exports

Exports from Malaysia

For the fifth consecutive year, Malaysia recorded decline in overseas shipments of virgin olive oil, which decreased by -X% to X tonnes in 2020. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, virgin olive oil exports reduced sharply to $X in 2020. Over the period under review, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X tonnes), Nigeria (X tonnes) and the Philippines (X kg) were the main destinations of virgin olive oil exports from Malaysia, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria, while exports for the other leaders experienced a decline.

In value terms, Nigeria ($X) remains the key foreign market for virgin olive oil exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Nigeria totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-X% per year) and the Philippines (-X% per year).

Export Prices by Country

In 2020, the average virgin olive oil export price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure in 2020 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Nigeria ($X per tonne), while the average price for exports to Mauritania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria, while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into Malaysia

After two years of growth, overseas purchases of virgin olive oil decreased by -X% to X tonnes in 2020. In general, imports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2019, and then contracted notably in the following year.

In value terms, virgin olive oil imports dropped notably to $X in 2020. Overall, imports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2019, and then dropped rapidly in the following year.

Imports by Country

Spain (X tonnes), Italy (X tonnes) and Turkey (X tonnes) were the main suppliers of virgin olive oil imports to Malaysia, with a combined X% share of total imports. These countries were followed by Tunisia, Morocco, Australia and China, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest virgin olive oil suppliers to Malaysia were Spain ($X), Morocco ($X) and Italy ($X), together accounting for X% of total imports.

In terms of the main suppliers, Morocco recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average virgin olive oil import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price, however, continues to indicate slight growth. The growth pace was the most rapid in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Morocco ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Morocco, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?
+
Spain (1.3M tonnes) remains the largest virgin olive oil consuming country worldwide, comprising approx. 33% of total volume. Moreover, virgin olive oil consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (498K tonnes), threefold. The third position in this ranking was occupied by the U.S. (313K tonnes), with a 7.9% share.
What are the largest producers of virgin olive oil in the world?
+
The country with the largest volume of virgin olive oil production was Spain (1.9M tonnes), accounting for 49% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia (454K tonnes), fourfold. The third position in this ranking was occupied by Greece (329K tonnes), with a 8.3% share.
What are the leading suppliers of virgin olive oil to Malaysia?
+
In value terms, the largest virgin olive oil suppliers to Malaysia were Spain ($1M), Morocco ($846K) and Italy ($752K), with a combined 73% share of total imports.
What are the leading importers of virgin olive oil from Malaysia?
+
In value terms, Nigeria ($9.9K) remains the key foreign market for virgin olive oil exports from Malaysia, comprising 58% of total exports. The second position in the ranking was occupied by New Zealand ($1.8K), with a 11% share of total exports. It was followed by the Philippines, with a 5.6% share.
What is the average export price for virgin olive oil in Malaysia?
+
The average virgin olive oil export price stood at $3,882 per tonne in 2020, increasing by 31% against the previous year.
What is the average import price for virgin olive oil in Malaysia?
+
In 2020, the average virgin olive oil import price amounted to $4,767 per tonne, dropping by -12.2% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil 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 2025.


Country coverage:
• Malaysia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Malaysia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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