Malaysia: Plantain Market Overview 2021

Plantain Market Size in Malaysia

After six years of decline, the Malaysian plantain market increased by X% to $X in 2019. In general, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Plantain Production in Malaysia

In value terms, plantain production reduced to $X in 2019 estimated in export prices. Over the period under review, production showed a mild reduction. The growth pace was the most rapid in 2013 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2019, production remained at a lower figure.

In 2019, the average yield of plantains in Malaysia was estimated at X kg per ha, remaining constant against 2018 figures. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of plantains production in Malaysia amounted to X ha, stabilizing at 2018. In general, the harvested area recorded a relatively flat trend pattern.

Plantain Exports

Exports from Malaysia

For the eighth consecutive year, Malaysia recorded growth in shipments abroad of plantains, which increased by X% to X tonnes in 2019. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are likely to see steady growth in the near future.

In value terms, plantain exports expanded significantly to $X in 2019. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the near future.

Exports by Country

Brunei Darussalam (X tonnes) was the main destination for plantain exports from Malaysia, accounting for a X% share of total exports. Moreover, plantain exports to Brunei Darussalam exceeded the volume sent to the second major destination, Singapore (X tonnes), more than tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Brunei Darussalam totaled +X%.

In value terms, Brunei Darussalam ($X) remains the key foreign market for plantain exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Brunei Darussalam amounted to +X%.

Export Prices by Country

The average plantain export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Brunei Darussalam ($X per tonne), while the average price for exports to Singapore stood at $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam.

Plantain Imports

Imports into Malaysia

Plantain imports into Malaysia stood at X tonnes in 2019, approximately mirroring the year before. In general, imports recorded a relatively flat trend pattern. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, plantain imports stood at $X in 2019. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

Indonesia (X tonnes) and Thailand (X tonnes) were the main suppliers of plantain imports to Malaysia.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia.

In value terms, the largest plantain suppliers to Malaysia were Thailand ($X) and Indonesia ($X), together comprising X% of total imports.

Among the main suppliers, Indonesia saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2019, the average plantain import price amounted to $X per tonne, stabilizing at the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per tonne), while the price for Indonesia totaled $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plantains in the world?

+

The countries with the highest volumes of plantain consumption in 2019 were Ghana (4.9M tonnes), Democratic Republic of the Congo (4.9M tonnes) and Cameroon (4.8M tonnes), together comprising 35% of global consumption. Uganda, Nigeria, the Philippines, Peru, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda and Venezuela lagged somewhat behind, together comprising a further 47%.

What are the largest producers of plantains in the world?

+

The countries with the highest volumes of plantain production in 2019 were Ghana (4.9M tonnes), Democratic Republic of the Congo (4.9M tonnes) and Cameroon (4.8M tonnes), together accounting for 34% of global production. These countries were followed by Uganda, Nigeria, the Philippines, Peru, Colombia, Cote d'Ivoire, Myanmar, the Dominican Republic, Rwanda and Venezuela, which together accounted for a further 47%.

What are the leading suppliers of plantains to Malaysia?

+

In value terms, Thailand ($1.2M) and Indonesia ($604K) constituted the largest plantain suppliers to Malaysia, together accounting for 100% of total imports.

What are the leading importers of plantains from Malaysia?

+

In value terms, Brunei Darussalam ($1.5M) remains the key foreign market for plantain exports from Malaysia, comprising 97% of total exports. The second position in the ranking was occupied by Singapore ($42K), with a 2.8% share of total exports.

What is the average export price for plantains in Malaysia?

+

The average plantain export price stood at $215 per tonne in 2019, declining by -5.9% against the previous year.

What is the average import price for plantains in Malaysia?

+

The average plantain import price stood at $313 per tonne in 2019, remaining relatively unchanged against the previous year.