Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia - 2023
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia (CIF) - 2023
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia (FOB) - 2023
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia (CIF) - 2023
In December 2023, the average import price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $407 per ton, leveling off at the previous month. In general, the import price, however, showed a mild decrease. The growth pace was the most rapid in June 2023 an increase of 22% m-o-m. Over the period under review, average import prices reached the maximum at $495 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Australia ($1,038 per ton), while the price for China ($334 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 India (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia (FOB) - 2023
In December 2023, the average export price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $438 per ton, surging by 3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 24% against the previous month. The export price peaked at $583 per ton in July 2023; however, from August 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($645 per ton), while the average price for exports to Thailand totaled $222 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.2%).
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia
In 2022, overseas purchases of vegetables; potatoes (other than seed), fresh or chilleds increased by 22% to 233K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a slight reduction.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds soared to $100M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.6 | 32.9 | 31.9 | 52.2 | 9.6% |
| Pakistan | 9.8 | 7.0 | 5.0 | 12.4 | 8.2% |
| India | 4.6 | 4.0 | 4.6 | 9.1 | 25.5% |
| Bangladesh | 6.7 | 6.8 | 6.0 | 8.3 | 7.4% |
| United States | 7.6 | 4.8 | 4.2 | 7.8 | 0.9% |
| Australia | 3.8 | 3.5 | 3.4 | 5.2 | 11.0% |
| Germany | 3.0 | 2.6 | 1.8 | 3.0 | 0.0% |
| Others | 2.7 | 1.9 | 1.6 | 2.0 | -9.5% |
| Total | 77.7 | 63.5 | 58.4 | 100 | 8.8% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Malaysia in 2022:
- China (118.4K tons)
- Pakistan (39.0K tons)
- Bangladesh (30.4K tons)
- India (22.0K tons)
- United States (9.3K tons)
- Germany (6.4K tons)
- Australia (4.6K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia
For the fourth year in a row, Malaysia recorded growth in shipments abroad of vegetables; potatoes (other than seed), fresh or chilleds, which increased by 48% to 6.2K tons in 2022. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds skyrocketed to $2.4M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% 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.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 820 | 1,298 | 1,159 | 1,754 | 28.8% |
| Thailand | 419 | 320 | 232 | 649 | 15.7% |
| Indonesia | 91.2 | 147 | 33.0 | 0.8 | -79.4% |
| Others | 132 | 14.1 | 0.9 | 40.8 | -32.4% |
| Total | 1,462 | 1,779 | 1,425 | 2,444 | 18.7% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Malaysia in 2022:
- Singapore (3.2K tons)
- Thailand (2.9K tons)
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