Malaysia: Green Peas Market Overview 2021

Green Peas Market Size in Malaysia

The Malaysian green peas market reduced notably to $X in 2020, dropping 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). Overall, consumption saw a pronounced contraction. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Green Peas Exports

Exports from Malaysia

In 2020, shipments abroad of peas (green) increased by X% to X tonnes for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. From 2018 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, green peas exports rose sharply to $X in 2020. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Singapore (X tonnes) was the main destination for green peas exports from Malaysia, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Singapore stood at +X%.

In value terms, Singapore ($X) also remains the key foreign market for green peas exports from Malaysia.

From 2007 to 2020, the average annual growth rate of value to Singapore stood at +X%.

Export Prices by Country

In 2020, the average green peas export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price, however, showed a buoyant increase. The growth pace was the most rapid in 2019 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne, and then declined modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2007 to 2020, the rate of growth in terms of prices for Singapore amounted to +X% per year.

Green Peas Imports

Imports into Malaysia

In 2020, approx. X tonnes of peas (green) were imported into Malaysia; which is down by -X% against the previous year's figure. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes, and then fell markedly in the following year.

In value terms, green peas imports reduced rapidly to $X in 2020. Overall, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2019, and then dropped rapidly in the following year.

Imports by Country

China (X tonnes), the U.S. (X tonnes) and the Netherlands (X tonnes) were the main suppliers of green peas imports to Malaysia, together comprising X% of total imports. These countries were followed by Ukraine, Australia and Myanmar, which together accounted for a further X 2007 to 2020, the biggest increases were in Myanmar (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2020, the average green peas import price amounted to $X per tonne, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. Over the period under review, average import prices attained the maximum at $X per tonne in 2016; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform