Report Update Nov 1, 2024

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

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Malaysia: Chestnut Market 2024

Chestnut Market Size in Malaysia

For the fifth year in a row, the Malaysian chestnut market recorded decline in sales value, which decreased by -0.3% to $X in 2021. In general, consumption saw a deep downturn. Chestnut consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Chestnut Exports

Exports from Malaysia

Chestnut exports from Malaysia fell markedly to X tons in 2021, shrinking by -23.3% on the previous year. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 579% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, chestnut exports plummeted to $X in 2021. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 184% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Thailand (X tons) was the main destination for chestnut exports from Malaysia, accounting for a 89% share of total exports. Moreover, chestnut exports to Thailand exceeded the volume sent to the second major destination, Indonesia (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+33.9% per year) and Singapore (-12.0% per year).

In value terms, the largest markets for chestnut exported from Malaysia were Thailand ($X), Indonesia ($X) and Singapore ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +29.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average chestnut export price stood at $X per ton in 2021, picking up by 7.3% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 45% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+7.4%), while the prices for the other major destinations experienced a decline.

Chestnut Imports

Imports into Malaysia

For the seventh year in a row, Malaysia recorded decline in overseas purchases of chestnuts, which decreased by -14.5% to X tons in 2021. Overall, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 2% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, chestnut imports fell to $X in 2021. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 6.5% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main chestnut supplier to Malaysia, with a 92% share of total imports. Moreover, chestnut imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.4% per year) and Singapore (-25.7% per year).

In value terms, China ($X) constituted the largest supplier of chestnut to Malaysia, comprising 72% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.0% per year) and Singapore (-26.3% per year).

Import Prices by Country

In 2021, the average chestnut import price amounted to $X per ton, surging by 3% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2016 an increase of 9.7% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?

China constituted the country with the largest volume of chestnut consumption, comprising approx. 80% of total volume. Moreover, chestnut consumption in China exceeded the figures recorded by the second-largest consumer, Bolivia, more than tenfold. Turkey ranked third in terms of total consumption with a 3.1% share.

What are the largest producers of chestnuts in the world?

China constituted the country with the largest volume of chestnut production, accounting for 81% of total volume. Moreover, chestnut production in China exceeded the figures recorded by the second-largest producer, Bolivia, more than tenfold. The third position in this ranking was occupied by Turkey, with a 3.5% share.

What are the leading suppliers of chestnuts to Malaysia?

In value terms, China constituted the largest supplier of chestnut to Malaysia, comprising 75% of total imports. The second position in the ranking was occupied by Italy, with a 22% share of total imports.

What are the leading importers of chestnuts from Malaysia?

In value terms, the largest markets for chestnut exported from Malaysia were Thailand and Indonesia.

What is the average export price for chestnuts in Malaysia?

In 2021, the average chestnut export price amounted to $1,264 per ton, with an increase of 29% against the previous year.

What is the average import price for chestnuts in Malaysia?

In 2021, the average chestnut import price amounted to $1,820 per ton, waning by -15% against the previous year.

This report provides an in-depth analysis of the chestnut 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 220 - Chestnuts

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023