Malaysia: Plum And Sloe Market 2024

Plum And Sloe Market Size in Malaysia

The Malaysian plum and sloe market rose sharply to $X in 2022, picking up 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). The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Plum and sloe consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plum And Sloe Exports

Exports from Malaysia

In 2022, approx. X tons of plums and sloes were exported from Malaysia; with an increase of X% on the previous year. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, plum and sloe exports surged to $X in 2022. Overall, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for plum and sloe exports from Malaysia, with a X% share of total exports. Moreover, plum and sloe exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), sevenfold. Brunei Darussalam (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average plum and sloe export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Thailand ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Plum And Sloe Imports

Imports into Malaysia

In 2022, after two years of decline, there was significant growth in purchases abroad of plums and sloes, when their volume increased by X% to X tons. In general, imports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plum and sloe imports expanded markedly to $X in 2022. Overall, total imports indicated a strong increase 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

South Africa (X tons), China (X tons) and Spain (X tons) were the main suppliers of plum and sloe imports to Malaysia, with a combined X% share of total imports.

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

In value terms, South Africa ($X), China ($X) and Australia ($X) were the largest plum and sloe suppliers to Malaysia, together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 plum and sloe import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

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

Source: IndexBox Platform

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