Price for Vegetable Saps and Extracts; Opium in Malaysia - 2021

Contents:

1. Price for Vegetable Saps and Extracts; Opium in Malaysia (CIF) - 2022
2. Price for Vegetable Saps and Extracts; Opium in Malaysia (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; Opium in Malaysia
4. Exports of Vegetable Saps and Extracts; Opium in Malaysia

Price for Vegetable Saps and Extracts; Opium in Malaysia (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; opia amounted to $17,146 per ton, with an increase of 4.5% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 77% against the previous year. The import price peaked at $32,069 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($62,713 per ton), while the price for the United States ($5,654 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetable Saps and Extracts; Opium in Malaysia (FOB) - 2022

The average export price for vegetable saps and extracts; opia stood at $116,339 per ton in 2022, increasing by 4.8% against the previous year. In general, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 121% against the previous year. As a result, the export price attained the peak level of $140,521 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($199,235 per ton), while the average price for exports to Singapore amounted to $114,838 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+50.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; Opium in Malaysia

In 2022, vegetable saps and extracts; opium imports into Malaysia dropped sharply to 23 tons, declining by -48% against the previous year's figure. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,611%. As a result, imports attained the peak of 45 tons, and then shrank rapidly in the following year.

In value terms, vegetable saps and extracts; opium imports shrank rapidly to $401K in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,067%. As a result, imports attained the peak of $738K, and then contracted dramatically in the following year.

Top Suppliers of Vegetable Saps and Extracts; Opium to Malaysia in 2022:

1. United States (7.7 tons)
2. Japan (7.5 tons)
3. France (2.4 tons)
4. Taiwan (Chinese) (2.2 tons)
5. Indonesia (1.7 tons)
6. China (1.2 tons)

Exports of Vegetable Saps and Extracts; Opium in Malaysia

After two years of decline, shipments abroad of vegetable saps and extracts; opia increased by 5.7% to 224 kg in 2022. Overall, exports, however, faced a abrupt slump.

In value terms, vegetable saps and extracts; opium exports rose rapidly to $26K in 2022. In general, exports, however, showed a deep slump.

Top Export Markets for Vegetable Saps and Extracts; Opium from Malaysia in 2022:

1. Singapore (220.0 kg)
2. Indonesia (4.0 kg)

Source: IndexBox Market Intelligence Platform