Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia - 2023
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia (CIF) - 2023
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia (FOB) - 2023
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia (CIF) - 2023
The average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $1,195 per ton in December 2023, picking up by 20% against the previous month. Overall, import price indicated a resilient increase from December 2022 to December 2023: its price increased at an average monthly rate of +5.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen increased by +84.3% against August 2023 indices. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 48% against the previous month. The import price peaked in December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($3,214 per ton), while the price for Poland ($395 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia (FOB) - 2023
In December 2023, the average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $743 per ton, dropping by -9.5% against the previous month. Over the period under review, the export price showed a perceptible decline. The pace of growth was the most pronounced in August 2023 when the average export price increased by 36% month-to-month. The export price peaked at $1,437 per ton in March 2023; however, from April 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was the United Arab Emirates ($1,821 per ton), while the average price for exports to Thailand ($265 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia
In 2022, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen into Malaysia surged to 71K tons, jumping by 344% against the previous year. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen surged to $39M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 3.0 | 3.2 | 13.7 | 89.9% |
| United States | 2.3 | 3.4 | 3.0 | 7.1 | 45.6% |
| Denmark | 1.6 | 2.2 | 1.8 | 4.4 | 40.1% |
| Netherlands | 1.8 | 2.4 | 1.8 | 3.8 | 28.3% |
| Belgium | 0.4 | 0.7 | 0.6 | 1.7 | 62.0% |
| Poland | 0.3 | 1.0 | 0.7 | 1.6 | 74.7% |
| Hong Kong SAR | N/A | 0.1 | N/A | 1.3 | 260.6% |
| Singapore | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
| Others | 1.2 | 2.7 | 1.7 | 5.3 | 64.1% |
| Total | 9.6 | 15.5 | 13.0 | 39.4 | 60.1% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Malaysia in 2022:
- China (20.5K tons)
- United States (15.0K tons)
- Denmark (10.2K tons)
- Netherlands (8.9K tons)
- Poland (4.3K tons)
- Hong Kong SAR (3.5K tons)
- Singapore (1.5K tons)
- Belgium (1.3K tons)
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia
In 2022, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen from Malaysia soared to 5.9K tons, picking up by 81% on the previous year. Over the period under review, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen skyrocketed to $6M in 2022. Overall, exports, however, saw a perceptible decrease.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3,253 | 2,091 | 2,218 | 3,129 | -1.3% |
| Indonesia | 60.1 | 39.1 | 21.4 | 591 | 114.2% |
| Saudi Arabia | 1,604 | 364 | 336 | 552 | -29.9% |
| Australia | 127 | 122 | 164 | 409 | 47.7% |
| Brunei Darussalam | 238 | 162 | 142 | 218 | -2.9% |
| Kuwait | 31.7 | 9.3 | 36.6 | 192 | 82.3% |
| Thailand | 89.3 | 303 | 158 | 172 | 24.4% |
| United Arab Emirates | 358 | 77.1 | 220 | 154 | -24.5% |
| United Kingdom | 170 | 115 | 123 | 116 | -12.0% |
| Others | 730 | 307 | 243 | 457 | -14.5% |
| Total | 6,661 | 3,590 | 3,662 | 5,990 | -3.5% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Malaysia in 2022:
- Singapore (4178.6 tons)
- Saudi Arabia (353.9 tons)
- Thailand (349.7 tons)
- Indonesia (265.9 tons)
- Brunei Darussalam (137.6 tons)
- Kuwait (135.1 tons)
- Australia (112.6 tons)
- United Kingdom (90.5 tons)
- United Arab Emirates (77.6 tons)
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