Malaysia: Tomato Puree Market 2023

Tomato Puree Market Size in Malaysia

In 2021, after four years of growth, there was significant decline in the Malaysian tomato puree market, when its value decreased by -10.8% to $X. In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +113.0% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Tomato Puree Production in Malaysia

In value terms, tomato puree production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate moderate growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 61%. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Tomato Puree Exports

Exports from Malaysia

In 2021, the amount of tomato puree and paste exported from Malaysia surged to X tons, with an increase of 52% against the year before. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 59% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, tomato puree exports soared to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +115.4% against 2018 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 58% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Oman (X tons), Turkey (X tons) and Indonesia (X tons) were the main destinations of tomato puree exports from Malaysia, together comprising 89% of total exports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +2,355.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato puree exported from Malaysia were Indonesia ($X), Turkey ($X) and Oman ($X), together accounting for 82% of total exports. Singapore, Maldives and Thailand lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Maldives, with a CAGR of +3,551.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tomato puree export price stood at $X per ton in 2021, dropping by -16.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 43%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+71.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Puree Imports

Imports into Malaysia

In 2021, supplies from abroad of tomato puree and paste decreased by -2.8% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 18% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, tomato puree imports fell modestly to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 23%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Chile (X tons) and Turkey (X tons) were the main suppliers of tomato puree imports to Malaysia, with a combined 84% share of total imports.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +69.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Chile ($X) and Turkey ($X) were the largest tomato puree suppliers to Malaysia, together comprising 76% of total imports.

Among the main suppliers, Chile, with a CAGR of +62.7%, recorded 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 2021, the average tomato puree import price amounted to $X per ton, dropping by -1.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 20%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per ton) and Italy ($X per ton), while the price for China ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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