Report Update Feb 1, 2025

Malaysia - Apricots - Market Analysis, Forecast, Size, Trends and Insights

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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

Frequently Asked Questions (FAQ) :

What are the largest markets for apricots in the world?

The countries with the highest volumes of apricot consumption in 2021 were Turkey, Uzbekistan and Iran, with a combined 42% share of global consumption. Italy, Algeria, Russia, France, Pakistan, Afghanistan, Greece, Morocco, Ukraine and Egypt lagged somewhat behind, together comprising a further 32%.

What are the largest producers of apricots in the world?

The countries with the highest volumes of apricot production in 2021 were Turkey, Uzbekistan and Iran, together accounting for 44% of global production. These countries were followed by Italy, Algeria, Spain, Afghanistan, Greece, France, Morocco, Pakistan, Egypt and Japan, which together accounted for a further 33%.

What are the leading suppliers of apricots to Malaysia?

In value terms, Turkey constituted the largest supplier of apricot to Malaysia, comprising 79% of total imports. The second position in the ranking was occupied by Australia, with a 10% share of total imports. It was followed by Singapore, with a 2.9% share.

What are the leading importers of apricots from Malaysia?

In value terms, Vietnam $823), Singapore $669) and Thailand $381) appeared to be the largest markets for apricot exported from Malaysia worldwide, together comprising 81% of total exports.

What is the average export price for apricots in Malaysia?

The average apricot export price stood at $2,513 per ton in 2021, picking up by 53% against the previous year.

What is the average import price for apricots in Malaysia?

In 2021, the average apricot import price amounted to $4,269 per ton, which is down by -8.2% against the previous year.

This report provides an in-depth analysis of the apricot market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 526 - Apricots

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024