Malaysia: Dry Onion Market Overview 2020

Dry Onion Market Size in Malaysia

The revenue of the dry onion market in Malaysia amounted to $X in 2018, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated a notable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, dry onion consumption decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. In that year, the dry onion market reached its peak level of $X. From 2016 to 2018, the growth of the dry onion market remained at a lower figure.

Dry Onion Exports

Exports from Malaysia

In 2018, the amount of dry onions exported from Malaysia totaled X tonnes, rising by X% against the previous year. In general, the total exports indicated prominent growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, dry onion exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, dry onion exports amounted to $X in 2018. In general, the total exports indicated a pronounced increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, dry onion exports reached their peak figure at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

Thailand (X tonnes) was the main destination for dry onion exports from Malaysia, with a X% share of total exports. Moreover, dry onion exports to Thailand exceeded the volume sent to the second major destination, Indonesia (X tonnes), twofold.

From 2007 to 2018, the average annual growth rate of volume to Thailand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Singapore (+X% per year).

In value terms, Thailand ($X), Indonesia ($X) and Singapore ($X) constituted the largest markets for dry onion exported from Malaysia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Thailand recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2018, the average dry onion export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the dry onion export price continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced a decline.

Dry Onion Imports

Imports into Malaysia

In 2018, the dry onion imports into Malaysia stood at X tonnes, falling by -X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, dry onion imports stood at $X in 2018. Over the period under review, the total imports indicated noticeable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, dry onion imports decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. In that year, dry onion imports attained their peak of $X. From 2014 to 2018, the growth of dry onion imports failed to regain its momentum.

Imports by Country

In 2018, India (X tonnes) constituted the largest dry onion supplier to Malaysia, with a X% share of total imports. Moreover, dry onion imports from India exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

In 2018, the average dry onion import price amounted to $X per tonne, picking up by X% against the previous year. In general, the dry onion import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. In that year, the average import prices for dry onions attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average import prices for dry onions remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were New Zealand ($X per tonne) and India ($X per tonne), while the price for China ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform