Malaysia: Apple Juice Market 2024

Apple Juice Market Size in Malaysia

After three years of growth, the Malaysian apple juice market decreased by -2% to $X in 2021. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.0% against 2017 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced in the following year.

Apple Juice Production in Malaysia

In value terms, apple juice production dropped slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 41%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted modestly in the following year.

Apple Juice Exports

Exports from Malaysia

In 2021, apple juice exports from Malaysia contracted significantly to X tons, reducing by -62.4% against 2020 figures. In general, exports showed a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 113% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, apple juice exports contracted rapidly to $X in 2021. Over the period under review, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons) and India (X tons) were the main destinations of apple juice exports from Malaysia.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +23.1%).

In value terms, Australia ($X) emerged as the key foreign market for apple juice (single strength) exports from Malaysia, comprising 72% of total exports. The second position in the ranking was held by India ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia stood at +20.2%.

Export Prices by Country

In 2021, the average apple juice export price amounted to $X per ton, picking up by 91% against the previous year. Overall, the export price, however, saw a abrupt slump. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Juice Imports

Imports into Malaysia

In 2021, overseas purchases of apple juice (single strength) increased by 52% to X tons, rising for the third year in a row after five years of decline. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, apple juice imports surged to $X in 2021. In general, imports, however, recorded a deep setback. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons) constituted the largest supplier of apple juice to Malaysia, with a 62% share of total imports. Moreover, apple juice imports from Singapore exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Australia (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Singapore stood at +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-18.0% per year) and Australia (-13.4% per year).

In value terms, Singapore ($X) constituted the largest supplier of apple juice (single strength) to Malaysia, comprising 50% of total imports. The second position in the ranking was held by Australia ($X), with a 14% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Singapore amounted to +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-2.5% per year) and Turkey (-12.6% per year).

Import Prices by Country

The average apple juice import price stood at $X per ton in 2021, surging by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :