Price for Vegetable Products Not Elsewhere Specified or Included in Malaysia - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Malaysia (FOB) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in Malaysia (CIF) - 2022
- Exports of Vegetable Products Not Elsewhere Specified or Included in Malaysia
- Imports of Vegetable Products Not Elsewhere Specified or Included in Malaysia
Price for Vegetable Products Not Elsewhere Specified or Included in Malaysia (FOB) - 2022
In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $100 per ton, picking up by 6.2% against the previous year. Overall, the export price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2013 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $148 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($99 per ton), while the average price for exports to Thailand ($90 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 Thailand (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Vegetable Products Not Elsewhere Specified or Included in Malaysia (CIF) - 2022
In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $1,494 per ton, growing by 512% against the previous year. Overall, the import price, however, saw a noticeable setback. Over the period under review, average import prices reached the maximum at $2,203 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,775 per ton), while the price for Thailand ($189 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-1.2%), while the prices for the other major suppliers experienced a decline.
Exports of Vegetable Products Not Elsewhere Specified or Included in Malaysia
In 2022, exports of vegetable products not elsewhere specified or includeds from Malaysia skyrocketed to 1.3M tons, jumping by 56% against 2021 figures. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vegetable products not elsewhere specified or includeds soared to $126M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetable Products Not Elsewhere Specified or Included in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 48.8 | 68.2 | 65.3 | 107 | 29.9% |
| Thailand | 3.3 | 6.9 | 3.6 | 11.5 | 51.6% |
| China | 24.4 | 13.6 | 6.3 | 4.0 | -45.3% |
| Others | 2.6 | 1.3 | 0.3 | 3.1 | 6.0% |
| Total | 79.1 | 90.1 | 75.6 | 126 | 16.8% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Malaysia in 2022:
- Japan (1078.9K tons)
- Thailand (126.9K tons)
- China (41.6K tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in Malaysia
For the fourth year in a row, Malaysia recorded growth in purchases abroad of vegetable products not elsewhere specified or includeds, which increased by 3.1% to 11K tons in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 219%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of vegetable products not elsewhere specified or includeds shrank notably to $4.4M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 81% against the previous year. As a result, imports attained the peak of $5.5M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Vegetable Products Not Elsewhere Specified or Included in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,738 | 3,783 | 4,073 | 2,759 | 16.7% |
| China | 709 | 880 | 942 | 1,133 | 16.9% |
| Vietnam | 264 | 94.2 | 46.4 | 227 | -4.9% |
| India | 151 | 104 | 23.7 | 139 | -2.7% |
| Thailand | 112 | 519 | 108 | 69.1 | -14.9% |
| Nigeria | N/A | N/A | 3.5 | N/A | 0% |
| Sudan | N/A | N/A | 152 | N/A | 0% |
| Others | 80.6 | 158 | 45.1 | 103 | 8.5% |
| Total | 3,055 | 5,538 | 5,394 | 4,429 | 13.2% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Malaysia in 2022:
- Indonesia (8.9K tons)
- China (0.6K tons)
- Vietnam (0.5K tons)
- Thailand (0.4K tons)
- India (0.2K tons)
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