Malaysia: Berry Market 2024

Berry Market Size in Malaysia

The Malaysian berry market declined slightly to $X in 2022, which is down by X% 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). Over the period under review, consumption, however, enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then declined modestly in the following year.

Berry Exports

Exports from Malaysia

After two years of growth, shipments abroad of berries decreased by X% to X tons in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, berry exports dropped slightly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

Singapore (X tons) was the main destination for berry exports from Malaysia, accounting for a X% share of total exports. Moreover, berry exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold. Brunei Darussalam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Brunei Darussalam (X% per year).

In value terms, Singapore ($X) remains the key foreign market for berries exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Brunei Darussalam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Brunei Darussalam (X% per year).

Export Prices by Country

The average berry export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, berry export price decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Thailand ($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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Berry Imports

Imports into Malaysia

In 2022, imports of berries into Malaysia dropped to X tons, which is down by X% compared with the previous year's figure. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, berry imports declined to $X in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

The United States (X tons), Egypt (X tons) and Australia (X tons) were the main suppliers of berry imports to Malaysia, together accounting for X% of total imports. South Africa, South Korea, Turkey, Argentina, Japan, Spain, Morocco, New Zealand, Chile and Zimbabwe lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Zimbabwe (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and South Africa ($X) were the largest berry suppliers to Malaysia, together comprising X% of total imports. South Korea, Egypt, Turkey, New Zealand, Japan, Argentina, Morocco, Spain, Chile and Zimbabwe lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Zimbabwe, with a CAGR of X%, saw the highest growth rate of 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 berry import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price posted a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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