Malaysia: Vegetable Market 2022

Vegetable Market Size in Malaysia

In 2021, the Malaysian vegetable market increased by X% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2015; afterwards, it flattened through to 2021.

Vegetable Production in Malaysia

In value terms, vegetable production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

In 2021, the average vegetable yield in Malaysia reduced to X tonnes per ha, waning by -X% against 2020. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. The vegetable yield peaked at X tonnes per ha in 2015; however, from 2016 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of vegetables production in Malaysia stood at X ha, surging by X% compared with 2020 figures. The harvested area increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. The vegetable harvested area peaked at X ha in 2014; however, from 2015 to 2021, the harvested area remained at a lower figure.

Vegetable Exports

Exports from Malaysia

In 2021, overseas shipments of vegetables decreased by -X% to X tonnes, falling for the third year in a row after three years of growth. Overall, exports showed a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tonnes in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, vegetable exports fell rapidly to $X in 2021. In general, exports showed a mild downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank dramatically in the following year.

Exports by Country

Singapore (X tonnes) was the main destination for vegetable exports from Malaysia, accounting for a X% share of total exports. Moreover, vegetable exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tonnes), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled -X%.

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

From 2012 to 2021, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

In 2021, the average vegetable export price amounted to $X per tonne, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($X per tonne), while the average price for exports to Thailand stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%).

Vegetable Imports

Imports into Malaysia

After three years of decline, supplies from abroad of vegetables increased by X% to X tonnes in 2021. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X tonnes in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, vegetable imports soared to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tonnes) constituted the largest supplier of vegetable to Malaysia, with a X% share of total imports. Moreover, vegetable imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X tonnes), threefold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and India (-X% per year).

In value terms, China ($X) constituted the largest supplier of vegetable to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with an X% share of total imports. It was followed by Pakistan, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Pakistan (+X% per year).

Import Prices by Country

In 2021, the average vegetable import price amounted to $X per tonne, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($X per tonne), while the price for Bangladesh ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform