Malaysia: Dried Grapes Market 2024

Dried Grapes Market Size in Malaysia

The Malaysian dried grapes market fell to $X in 2022, which is down by -10% 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 showed a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Dried Grapes Exports

Exports from Malaysia

Dried grapes exports from Malaysia expanded rapidly to X tons in 2022, picking up by 9.1% on the previous year's figure. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 193% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, dried grapes exports expanded remarkably to $X in 2022. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 184% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for dried grapes exports from Malaysia, accounting for a 54% share of total exports. Moreover, dried grapes exports to China exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was held by Singapore (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-13.5% per year) and Singapore (-9.7% per year).

In value terms, China ($X) remains the key foreign market for dried grapes exports from Malaysia, comprising 62% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports. It was followed by Thailand, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-13.2% per year) and Thailand (-18.9% per year).

Export Prices by Country

The average dried grapes export price stood at $X per ton in 2022, shrinking by -2.4% against the previous year. Overall, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 88%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Thailand ($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 the United States (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Dried Grapes Imports

Imports into Malaysia

Dried grapes imports into Malaysia fell to X tons in 2022, with a decrease of -6% on the previous year's figure. Over the period under review, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, dried grapes imports shrank to $X in 2022. In general, imports recorded a deep slump. The growth pace was the most rapid in 2018 when imports increased by 27%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Iran (X tons) and India (X tons) were the main suppliers of dried grapes imports to Malaysia, with a combined 72% share of total imports. Turkey, Chile, South Africa and Argentina lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dried grapes suppliers to Malaysia were the United States ($X), Iran ($X) and India ($X), with a combined 76% share of total imports. Chile, Turkey, Argentina and South Africa lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Chile, with a CAGR of +14.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average dried grapes import price amounted to $X per ton, falling by -4.2% against the previous year. In general, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Turkey ($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 United States (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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