Malaysia: Apple Market 2024

Apple Market Size in Malaysia

The Malaysian apple market expanded slightly to $X in 2021, increasing by 4.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Apple Exports

Exports from Malaysia

In 2021, apple exports from Malaysia soared to X tons, picking up by 154% against the year before. In general, exports saw a slight increase. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, apple exports surged to $X in 2021. Over the period under review, exports continue to indicate notable growth. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of apple exports from Malaysia, with a combined 84% share of total exports. Brunei Darussalam, Bangladesh, Vietnam, Hong Kong SAR and Timor-Leste lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of +39.1%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for apples exports from Malaysia, comprising 48% of total exports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total exports. It was followed by Indonesia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+4.9% per year) and Indonesia (-4.6% per year).

Export Prices by Country

In 2021, the average apple export price amounted to $X per ton, falling by -15.9% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 31%. The export price peaked at $X per ton in 2020, and then contracted markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

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

Apple Imports

Imports into Malaysia

In 2021, overseas purchases of apples increased by less than 0.1% to X tons, rising for the third year in a row after two years of decline. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 14%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, apple imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 19%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), South Africa (X tons) and New Zealand (X tons) were the main suppliers of apple imports to Malaysia, with a combined 85% share of total imports. These countries were followed by Turkey, the United States and France, which together accounted for a further 8.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +58.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest apple suppliers to Malaysia were China ($X), South Africa ($X) and New Zealand ($X), with a combined 85% share of total imports. The United States, Turkey and France lagged somewhat behind, together accounting for a further 8.6%.

Among the main suppliers, Turkey, with a CAGR of +55.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average apple import price stood at $X per ton in 2021, with an increase of 6.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 New Zealand ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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