Malaysia: Apricot Market 2025

Apricot Market Size in Malaysia

In 2022, the Malaysian apricot market decreased by -2.4% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Apricot Exports

Exports from Malaysia

In 2022, approx. X kg of apricots were exported from Malaysia; falling by -2.9% against 2021. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,511%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, apricot exports contracted notably to $X in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by 1,541%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X kg) was the main destination for apricot exports from Malaysia, accounting for a 62% share of total exports. Moreover, apricot exports to Thailand exceeded the volume sent to the second major destination, Singapore (X kg), fourfold. The third position in this ranking was taken by Brunei Darussalam (X kg), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+32.5% per year) and Brunei Darussalam (+1.6% per year).

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for apricots exports from Malaysia, comprising 56% of total exports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Brunei Darussalam amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+6.6% per year) and Thailand (+11.8% per year).

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, falling by -19.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 75%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, 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 Brunei Darussalam ($X per ton), while the average price for exports to Thailand ($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 Brunei Darussalam (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into Malaysia

In 2022, apricot imports into Malaysia rose remarkably to X tons, with an increase of 9.6% compared with the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 63%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, apricot imports reduced to $X in 2022. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +6.6% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by 86% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Egypt (X tons) and South Africa (X tons) were the main suppliers of apricot imports to Malaysia, together accounting for 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +57.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of apricots to Malaysia, comprising 40% of total imports. The second position in the ranking was held by Egypt ($X), with a 17% share of total imports. It was followed by South Africa, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+63.3% per year) and South Africa (+16.4% per year).

Import Prices by Country

The average apricot import price stood at $X per ton in 2022, which is down by -14.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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 Singapore ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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