Malaysia: Dry Peas Market 2024

Dry Peas Market Size in Malaysia

The Malaysian dry peas market surged to $X in 2022, with an increase of X% 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). In general, the total consumption indicated a notable expansion 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. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Dry Peas Exports

Exports from Malaysia

In 2022, the amount of peas (dry) exported from Malaysia skyrocketed to X tons, growing by X% on the year before. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dry peas exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for dry peas exports from Malaysia, accounting for a X% share of total exports. Moreover, dry peas exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), threefold. Hong Kong SAR (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Hong Kong SAR (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average dry peas export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($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 Brunei Darussalam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Dry Peas Imports

Imports into Malaysia

In 2022, dry peas imports into Malaysia reached X tons, surging by X% against the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, dry peas imports soared to $X in 2022. Over the period under review, total imports indicated pronounced 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. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Ukraine (X tons), Australia (X tons) and Russia (X tons) were the main suppliers of dry peas imports to Malaysia, together comprising X% of total imports. Turkey, the United Arab Emirates, Romania, the UK and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dry peas suppliers to Malaysia were Ukraine ($X), Australia ($X) and Russia ($X), together accounting for X% of total imports. Turkey, the United Arab Emirates, the UK, Romania and Canada lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Romania, with a CAGR of X%, saw 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 2022, the average dry peas import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform