Malaysia: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Malaysia

After two years of growth, the Malaysian market for concentrated lemon and other citrus fruit juice decreased by -11.9% to $X in 2021. Over the period under review, consumption, however, continues to indicate prominent growth. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Malaysia

In value terms, production of concentrated lemon and other citrus fruit juice contracted modestly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 10%. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Malaysia

In 2021, overseas shipments of concentrated lemon and other citrus fruit juice were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, saw a dramatic shrinkage. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice expanded significantly to $X in 2021. In general, exports, however, saw a dramatic slump. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Hong Kong SAR (X tons) and Bangladesh (X tons) were the main destinations of exports of concentrated lemon and other citrus fruit juice from Malaysia, together accounting for 77% of total exports. The United Arab Emirates, Myanmar, China, Vietnam and Brunei Darussalam lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were in Myanmar (with a CAGR of +20.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Malaysia, comprising 59% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 19% share of total exports. It was followed by Bangladesh, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-0.5% per year) and Bangladesh (0.0% per year).

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 8.5%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Malaysia

Imports of concentrated lemon and other citrus fruit juice into Malaysia reduced notably to X tons in 2021, declining by -57.1% against the previous year's figure. Overall, imports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 353%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice declined significantly to $X in 2021. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 331%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Malaysia, accounting for a 40% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.1% per year) and Belgium (+8.2% per year).

In value terms, the largest concentrated lemon and other citrus fruit juice suppliers to Malaysia were the United States ($X), Thailand ($X) and Italy ($X), with a combined 59% share of total imports. Japan, Vietnam, Mexico, Taiwan (Chinese), the UK, Belgium, Brazil, Turkey and Australia lagged somewhat behind, together comprising a further 35%.

Vietnam, with a CAGR of +57.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, reducing by -26.4% against the previous year. Overall, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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