Malaysia: Sugar Crop Market 2024

Sugar Crop Market Size in Malaysia

In 2022, the Malaysian sugar crop market increased by X% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, recorded a abrupt curtailment. Sugar crop consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sugar Crop Production in Malaysia

In value terms, sugar crop production expanded markedly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a precipitous slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Sugar crop production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sugar crops in Malaysia expanded remarkably to X tons per ha, picking up by X% on the previous year. In general, the yield, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the average sugar crop yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar crops were harvested in Malaysia; waning by X% against 2021. Over the period under review, the harvested area recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Sugar Crop Exports

Exports from Malaysia

In 2022, the amount of sugar crops exported from Malaysia declined to X tons, dropping by X% compared with the previous year's figure. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, sugar crop exports reduced to $X in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Singapore (X tons) was the main destination for sugar crop exports from Malaysia, accounting for a X% share of total exports. It was followed by Maldives (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at X%.

In value terms, Singapore ($X) remains the key foreign market for sugar crops exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at X%.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Sugar Crop Imports

Imports into Malaysia

After three years of growth, supplies from abroad of sugar crops decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, sugar crop imports shrank significantly to $X in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sugar crop to Malaysia, accounting for a X% share of total imports. Moreover, sugar crop imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of sugar crops to Malaysia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, 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: India (X% per year) and Spain (X% per year).

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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