Malaysia: Green Peas Market 2022

Green Peas Market Size in Malaysia

The Malaysian green peas market dropped to $X in 2021, reducing by -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). Over the period under review, consumption, however, showed a abrupt curtailment. Green peas consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Green Peas Exports

Exports from Malaysia

In 2021, the amount of peas (green) exported from Malaysia expanded remarkably to X tonnes, rising by X% against 2020. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. As a result, the exports attained the peak of X tonnes. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, green peas exports skyrocketed to $X in 2021. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for green peas exports from Malaysia, with a X% share of total exports. It was followed by the UK (X tonnes), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Canada was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest.

Export Prices by Country

In 2021, the average green peas export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($X per tonne), while the average price for exports to Canada amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%).

Green Peas Imports

Imports into Malaysia

In 2021, green peas imports into Malaysia expanded remarkably to X tonnes, growing by X% on 2020 figures. In general, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2020 to 2021, the growth imports failed to regain momentum.

In value terms, green peas imports shrank dramatically to $X in 2021. Over the period under review, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tonnes) constituted the largest supplier of green peas to Malaysia, with a X% share of total imports. Moreover, green peas imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), tenfold. The third position in this ranking was occupied by Thailand (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Thailand (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Ukraine (+X% per year).

Import Prices by Country

In 2021, the average green peas import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, green peas import price increased by +X% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform