Malaysia: Frozen Potato Market 2024

Frozen Potato Market Size in Malaysia

The Malaysian frozen potato market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Frozen Potato Production in Malaysia

In value terms, frozen potato production contracted to $X in 2022 estimated in export price. Overall, production recorded a noticeable descent. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Frozen potato production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Frozen Potato Exports

Exports from Malaysia

Frozen potato exports from Malaysia shrank sharply to X tons in 2022, which is down by X% against the previous year. In general, exports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen potato exports contracted to $X in 2022. Over the period under review, exports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for frozen potato exports from Malaysia, accounting for a X% share of total exports. Moreover, frozen potato exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), sixfold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Indonesia (X% per year).

In value terms, Singapore ($X) remains the key foreign market for frozen potatoes exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a X% share of total exports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average frozen potato export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Thailand ($X 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 Myanmar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Potato Imports

Imports into Malaysia

In 2022, imports of frozen potatoes into Malaysia soared to X tons, growing by X% against the year before. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports surged to $X in 2022. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of frozen potato imports to Malaysia, with a combined X% share of total imports. Germany, China, Canada, India and Denmark lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of frozen potatoes to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average frozen potato import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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