Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia (CIF) - 2023
The average import price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $5,837 per ton in October 2023, with a decrease of -13.3% against the previous month. Over the period under review, the import price saw a mild setback. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 8.2% m-o-m. Over the period under review, average import prices attained the peak figure at $7,378 per ton in January 2023; however, from February 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Myanmar ($10,451 per ton), while the price for Sri Lanka ($2,213 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia (FOB) - 2022
In 2022, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $5,328 per ton, which is down by -15.1% against the previous year. Over the period under review, the export price saw a noticeable downturn. The pace of growth was the most pronounced in 2021 an increase of 61% against the previous year. The export price peaked at $8,515 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($14,333 per ton), while the average price for exports to Indonesia ($1,326 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 United States (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia
In 2022, the amount of nuts, edible; cashew nuts, shelled, fresh or drieds imported into Malaysia declined to 3.1K tons, with a decrease of -12.3% against 2021 figures. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of 3.6K tons, and then declined in the following year.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds shrank to $22M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports attained the peak of $25M, and then contracted in the following year.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.1 | 5.8 | 12.6 | 8.5 | 11.7% |
| India | 10.1 | 7.5 | 9.0 | 6.0 | -15.9% |
| Indonesia | 4.1 | 3.2 | 2.8 | 4.1 | 0.0% |
| Myanmar | 1.1 | 0.8 | 0.4 | 3.4 | 45.7% |
| Others | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Total | 21.6 | 17.4 | 25.1 | 22.1 | 0.8% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Malaysia in 2022:
- Vietnam (1406.2 tons)
- India (829.7 tons)
- Indonesia (518.3 tons)
- Myanmar (351.5 tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia
In 2022, approx. 2.4 tons of nuts, edible; cashew nuts, shelled, fresh or drieds were exported from Malaysia; declining by -97.9% compared with the year before. Over the period under review, exports saw a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 438%. As a result, the exports attained the peak of 116 tons, and then shrank markedly in the following year.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds contracted markedly to $13K in 2022. In general, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 768%. As a result, the exports attained the peak of $731K, and then declined notably in the following year.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2.1 | 34.2 | 34.7 | 9.5 | 65.4% |
| Indonesia | N/A | 10.0 | 0.8 | 1.9 | -56.4% |
| Brunei Darussalam | 0.1 | 0.1 | N/A | 1.3 | 135.1% |
| Spain | 143 | N/A | 80.1 | N/A | -25.2% |
| Vietnam | 35.3 | 31.3 | 2.9 | N/A | -71.3% |
| Iran | N/A | N/A | 511 | N/A | 0% |
| Netherlands | N/A | N/A | 98.9 | N/A | 0% |
| Others | 8.3 | 8.7 | 2.6 | N/A | -44.0% |
| Total | 188 | 84.2 | 731 | 12.8 | -59.2% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Malaysia in 2022:
- Indonesia (1464.0 kg)
- Singapore (798.0 kg)
- Brunei Darussalam (140.0 kg)
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