Malaysia: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Malaysia

The Malaysian preserved frozen potato market soared to $X in 2021, with an increase of 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). The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Preserved Frozen Potato Exports

Exports from Malaysia

In 2021, overseas shipments of frozen potatoes prepared or preserved decreased by -10.4% to X tons, falling for the third consecutive year after three years of growth. In general, exports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2016 with an increase of 331% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, preserved frozen potato exports fell to $X in 2021. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 117%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for preserved frozen potato exports from Malaysia, with a 48% share of total exports. Moreover, preserved frozen potato exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), sixfold. The third position in this ranking was taken by Russia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+20.4% per year) and Russia (+12.3% per year).

In value terms, Singapore ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Malaysia, comprising 54% of total exports. The second position in the ranking was taken by Russia ($X), with a 7.5% share of total exports. It was followed by China, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-0.9% per year) and China (+12.2% per year).

Export Prices by Country

The average preserved frozen potato export price stood at $X per ton in 2021, with a decrease of -4.9% against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Myanmar ($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 South Korea (-6.7%), while the prices for the other major destinations experienced a decline.

Preserved Frozen Potato Imports

Imports into Malaysia

In 2021, approx. X tons of frozen potatoes prepared or preserved were imported into Malaysia; with an increase of 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato imports soared to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of preserved frozen potato imports to Malaysia, together accounting for 84% of total imports. Germany, Canada and France lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +30.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of frozen potatoes prepared or preserved to Malaysia, comprising 52% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.3% per year) and the Netherlands (+3.6% per year).

Import Prices by Country

The average preserved frozen potato import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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