Malaysia: Preserved Tomato Market 2024

Preserved Tomato Market Size in Malaysia

The Malaysian preserved tomato market rose to $X in 2023, increasing by X% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Preserved tomato consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Preserved Tomato Production in Malaysia

In value terms, preserved tomato production expanded modestly to $X in 2023 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Preserved tomato production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Preserved Tomato Exports

Exports from Malaysia

In 2023, overseas shipments of preserved tomatoes decreased by X% to X tons, falling for the second consecutive year after two years of decline. In general, exports showed a sharp downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, preserved tomato exports declined notably to $X in 2023. Over the period under review, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for preserved tomato exports from Malaysia, accounting for a X% share of total exports. Moreover, preserved tomato exports to Singapore exceeded the volume sent to the second major destination, Maldives (X kg), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Singapore stood at X%.

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

From 2012 to 2023, the average annual rate of growth in terms of value to Singapore totaled X%.

Export Prices by Country

In 2023, the average preserved tomato export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a abrupt decline. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Singapore stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced a decline.

Preserved Tomato Imports

Imports into Malaysia

In 2023, after two years of growth, there was significant decline in overseas purchases of preserved tomatoes, when their volume decreased by X% to X tons. Overall, imports saw a slight reduction. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, preserved tomato imports expanded markedly to $X in 2023. Over the period under review, imports, however, continue to indicate modest growth. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Italy (X tons) constituted the largest preserved tomato supplier to Malaysia, accounting for a X% share of total imports. Moreover, preserved tomato imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

In value terms, Italy ($X) constituted the largest supplier of preserved tomatoes to Malaysia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Turkey (X% per year).

Import Prices by Country

The average preserved tomato import price stood at $X per ton in 2023, jumping by X% against the previous year. In general, import price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved tomato import price increased by X% against 2019 indices. As a result, import price attained 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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform