Malaysia: Banana And Plantain Market 2025

Banana And Plantain Market Size in Malaysia

In 2022, the Malaysian banana and plantain market decreased by -5.9% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by 9.7% against the previous year. Banana and plantain consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Malaysia

In value terms, banana and plantain production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The average yield of bananas and plantains in Malaysia totaled X tons per ha in 2022, stabilizing at the year before. The yield figure increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the yield increased by 21% against the previous year. The banana and plantain yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The banana and plantain harvested area in Malaysia fell slightly to X ha in 2022, with a decrease of -3.5% compared with 2021 figures. Over the period under review, the harvested area recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 24%. The banana and plantain harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports from Malaysia

In 2022, overseas shipments of bananas and plantains increased by 3.6% to X tons, rising for the third year in a row after two years of decline. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 31%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, banana and plantain exports reached $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 46%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) and Brunei Darussalam (X tons) were the main destinations of banana and plantain exports from Malaysia.

From 2012 to 2022, 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 +72.1%).

In value terms, the largest markets for banana and plantain exported from Malaysia were Brunei Darussalam ($X) and Singapore ($X).

In terms of the main countries of destination, Brunei Darussalam, with a CAGR of +73.8%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, picking up by 1.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 11% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+1.0%).

Banana And Plantain Imports

Imports into Malaysia

In 2022, supplies from abroad of bananas and plantains decreased by -75.4% to X tons, falling for the third consecutive year after eight years of growth. In general, imports, however, showed a mild expansion. The growth pace was the most rapid in 2016 with an increase of 127% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports reduced dramatically to $X in 2022. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2016 with an increase of 134% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Indonesia (X tons) and the Philippines (X tons) were the main suppliers of banana and plantain imports to Malaysia, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +71.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest banana and plantain suppliers to Malaysia were Vietnam ($X), the Philippines ($X) and Indonesia ($X), together accounting for 91% of total imports.

Vietnam, with a CAGR of +87.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, surging by 43% against the previous year. In general, the import price saw a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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