Flakes; of Potatoes Price in Malaysia - 2021

Contents:

  1. Flakes; of Potatoes Price in Malaysia (CIF) - 2021
  2. Flakes; of Potatoes Price in Malaysia (FOB) - 2022
  3. Flakes; of Potatoes Imports in Malaysia
  4. Flakes; of Potatoes Exports in Malaysia

Flakes; of Potatoes Price in Malaysia (CIF) - 2021

The average flakes; of potatoes import price stood at $1,191 per ton in December 2021, therefore, remained relatively stable against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2021 an increase of 3.1% against the previous month. The import price peaked at $1,309 per ton in January 2021; however, from February 2021 to December 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Belgium ($1,210 per ton), while the price for Denmark ($731 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by India (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Flakes; of Potatoes Price in Malaysia (FOB) - 2022

The average flakes; of potatoes export price stood at $1,444 per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 13%. The export price peaked at $1,560 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,943 per ton), while the average price for exports to the Netherlands ($1,214 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 the Philippines (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Flakes; of Potatoes Imports in Malaysia

In 2022, approx. 41K tons of flakes; of potatoeses were imported into Malaysia; surging by 3% against the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of 42K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, flakes; of potatoes imports reached $50M in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 3.8% against the previous year. As a result, imports reached the peak of $51M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Flakes; of Potatoes in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany21.823.020.020.6-1.9%
Netherlands15.319.818.518.05.6%
India2.61.54.03.914.5%
United States4.33.82.93.5-6.6%
Belgium2.02.33.63.520.5%
Others3.10.70.81.0-31.4%
Total49.251.149.850.50.9%

Top Suppliers of Flakes; of Potatoes to Malaysia in 2022:

  1. Germany (17.7K tons)
  2. Netherlands (14.0K tons)
  3. Belgium (3.2K tons)
  4. India (3.1K tons)
  5. United States (2.1K tons)

Flakes; of Potatoes Exports in Malaysia

In 2022, shipments abroad of flakes; of potatoeses increased by 70% to 190 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a precipitous curtailment.

In value terms, flakes; of potatoes exports surged to $275K in 2022. Overall, exports, however, continue to indicate a sharp downturn.

Export of Flakes; of Potatoes in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands76.319611512618.2%
India31671.46.285.1-35.4%
Singapore14295.01.951.1-28.9%
Thailand36.66.80.49.4-36.4%
Cambodia27.4N/AN/AN/A0%
Others22.521.235.43.0-48.9%
Total621390159275-23.8%

Top Export Markets for Flakes; of Potatoes from Malaysia in 2022:

  1. Netherlands (103.7 tons)
  2. India (45.3 tons)
  3. Singapore (34.6 tons)
  4. Thailand (4.9 tons)

Source: IndexBox Market Intelligence Platform

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