Malaysia: Root And Tuber Market 2024

Root And Tuber Market Size in Malaysia

The Malaysian root and tuber market expanded significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Root and tuber consumption peaked in 2022 and is likely to see gradual growth in the near future.

Root And Tuber Production in Malaysia

In value terms, root and tuber production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average yield of roots and tubers in Malaysia fell slightly to X tons per ha, approximately mirroring the previous year's figure. In general, the yield continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. The root and tuber yield peaked at X tons per ha in 2012; however, from 2013 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 roots and tubers production in Malaysia expanded sharply to X ha, picking up by X% against 2021. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the root and tuber harvested area remained at a lower figure.

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Root And Tuber Exports

Exports from Malaysia

In 2022, overseas shipments of roots and tubers increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports showed a pronounced increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, root and tuber exports skyrocketed to $X in 2022. Over the period under review, total exports indicated tangible growth 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for root and tuber exports from Malaysia, accounting for a X% share of total exports. Moreover, root and tuber exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by Brunei Darussalam (X tons), with a X% share.

From 2012 to 2022, 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: Thailand (X% per year) and Brunei Darussalam (X% per year).

In value terms, Singapore ($X) remains the key foreign market for roots and tubers exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Brunei Darussalam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Brunei Darussalam (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, showed a slight shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Thailand ($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 Thailand (X%), while the prices for the other major destinations experienced a decline.

Root And Tuber Imports

Imports into Malaysia

In 2022, after two years of decline, there was significant growth in overseas purchases of roots and tubers, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, root and tuber imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest root and tuber supplier to Malaysia, accounting for a X% share of total imports. Moreover, root and tuber imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), threefold. Bangladesh (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Bangladesh (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and India (X% per year).

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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