Malaysia: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Malaysia

In 2020, after three years of growth, there was significant decline in the Malaysian prepared frozen vegetable market, when its value decreased by -X% to $X. In general, the total consumption indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2009 when the market value increased by X% against the previous year. Prepared frozen vegetable consumption peaked at $X in 2019, and then fell in the following year.

Prepared Frozen Vegetable Production in Malaysia

In value terms, prepared frozen vegetable production reduced to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. As a result, production reached the peak level of $X, and then shrank in the following year.

Prepared Frozen Vegetable Exports

Exports from Malaysia

In 2020, overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, prepared frozen vegetable exports contracted to $X in 2020. In general, exports, however, recorded resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Timor-Leste (X tons), Indonesia (X tons) and Singapore (X tons) were the main destinations of prepared frozen vegetable exports from Malaysia, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Timor-Leste, while exports for the other leaders experienced more modest paces of growth.

In value terms, Timor-Leste ($X), Indonesia ($X) and Singapore ($X) appeared to be the largest markets for prepared frozen vegetable exported from Malaysia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Timor-Leste saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, rising by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. The export price peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was New Zealand ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste, while the prices for the other major destinations experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports into Malaysia

In 2020, supplies from abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, prepared frozen vegetable imports fell notably to $X in 2020. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of prepared frozen vegetable imports to Malaysia, with a combined X% share of total imports. These countries were followed by the Netherlands, China, India and Taiwan (Chinese), which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared frozen vegetable suppliers to Malaysia were the United States ($X), Germany ($X) and Belgium ($X), together comprising X% of total imports. These countries were followed by the Netherlands, China, Taiwan (Chinese) and India, which together accounted for a further X the main suppliers, the Netherlands (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average prepared frozen vegetable import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a tangible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, prepared frozen vegetable import price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2020 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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