Malaysia: Blueberry And Cranberry Market 2024

Blueberry And Cranberry Market Size in Malaysia

The Malaysian blueberry and cranberry market skyrocketed to $X in 2021, growing by 19% 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). Overall, consumption saw significant growth. Blueberry and cranberry consumption peaked in 2021 and is likely to continue growth in years to come.

Blueberry And Cranberry Exports

Exports from Malaysia

In 2021, shipments abroad of blueberries and cranberries was finally on the rise to reach X tons after three years of decline. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 428% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, blueberry and cranberry exports skyrocketed to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 746% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Singapore (X tons) and Thailand (X kg) were the main destinations of blueberry and cranberry exports from Malaysia, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +27.8%), while the other leaders experienced a decline.

In value terms, Vietnam ($X), Singapore ($X) and Indonesia ($X) constituted the largest markets for blueberry and cranberry exported from Malaysia worldwide, with a combined 99% share of total exports.

Singapore, with a CAGR of +39.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average blueberry and cranberry export price amounted to $X per ton, declining by -13.1% against the previous year. Over the period under review, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 89% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Thailand ($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 Hong Kong SAR (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Blueberry And Cranberry Imports

Imports into Malaysia

Blueberry and cranberry imports into Malaysia skyrocketed to X tons in 2021, increasing by 38% compared with the year before. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 88% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, blueberry and cranberry imports soared to $X in 2021. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2015 when imports increased by 246%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, South Africa (X tons) constituted the largest blueberry and cranberry supplier to Malaysia, accounting for a 35% share of total imports. Moreover, blueberry and cranberry imports from South Africa exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa stood at +103.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.9% per year) and Spain (+43.7% per year).

In value terms, South Africa ($X) constituted the largest supplier of blueberries and cranberries to Malaysia, comprising 33% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa amounted to +115.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.7% per year) and Spain (+60.1% per year).

Import Prices by Country

In 2021, the average blueberry and cranberry import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 141%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Peru ($X per ton) and Morocco ($X per ton), while the price for Mexico ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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