Malaysia: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Malaysia

The Malaysian temporarily preserved vegetable market surged to $X in 2022, picking up by 43% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Temporarily Preserved Vegetable Production in Malaysia

In value terms, temporarily preserved vegetable production amounted to less than $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern.

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Temporarily Preserved Vegetable Exports

Exports from Malaysia

Temporarily preserved vegetable exports from Malaysia surged to X tons in 2022, rising by 424% against the year before. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced reduction. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for temporarily preserved vegetable exports from Malaysia, with a 85% share of total exports. Moreover, temporarily preserved vegetable exports to Brunei Darussalam exceeded the volume sent to the second major destination, Maldives (X tons), more than tenfold. China (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Brunei Darussalam stood at +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+47.6% per year) and China (-3.7% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for vegetables (temporarily preserved) exports from Malaysia, comprising 76% of total exports. The second position in the ranking was taken by Maldives ($X), with an 8.8% share of total exports. It was followed by Indonesia, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brunei Darussalam amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+44.9% per year) and Indonesia (-12.8% per year).

Export Prices by Country

In 2022, the average temporarily preserved vegetable export price amounted to $X per ton, falling by -45.1% against the previous year. Overall, the export price, however, saw noticeable growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 57%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Brunei Darussalam ($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 Singapore (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Malaysia

In 2022, temporarily preserved vegetable imports into Malaysia declined dramatically to X tons, which is down by -85.1% compared with the previous year's figure. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 262% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, temporarily preserved vegetable imports declined dramatically to $X in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 212% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest temporarily preserved vegetable supplier to Malaysia, accounting for a 58% share of total imports. Moreover, temporarily preserved vegetable imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.7% per year) and Hong Kong SAR (+16.0% per year).

In value terms, China ($X) constituted the largest supplier of vegetables (temporarily preserved) to Malaysia, comprising 58% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by Australia, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.0% per year) and Australia (-11.9% per year).

Import Prices by Country

The average temporarily preserved vegetable import price stood at $X per ton in 2022, with an increase of 44% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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