Malaysia: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Malaysia

The Malaysian grape juice (single strength) market surged to $X in 2021, rising by 144% against the previous year. Over the period under review, consumption showed mild growth. Grape juice (single strength) consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Grape Juice (Single Strength) in Malaysia

In value terms, grape juice (single strength) production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Grape Juice (Single Strength)

Exports from Malaysia

In 2021, shipments abroad of grape juice (single strength) decreased by -9.9% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 140% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, grape juice (single strength) exports declined to $X in 2021. In general, exports faced a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by 168% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for grape juice (single strength) exports from Malaysia, accounting for a 72% share of total exports. Moreover, grape juice (single strength) exports to the United States exceeded the volume sent to the second major destination, Thailand (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +26.7%.

In value terms, the United States ($X) remains the key foreign market for grape juice (single strength) exports from Malaysia, comprising 71% of total exports. The second position in the ranking was held by Thailand ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +24.6%.

Export Prices by Country

In 2021, the average grape juice (single strength) export price amounted to $X per ton, with an increase of 3.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 11%. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grape Juice (Single Strength)

Imports into Malaysia

In 2021, after four years of decline, there was significant growth in overseas purchases of grape juice (single strength), when their volume increased by 33% to X tons. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 149% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, grape juice (single strength) imports surged to $X in 2021. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 226% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of grape juice (single strength) to Malaysia, with a 61% share of total imports. Moreover, grape juice (single strength) imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-2.3% per year) and South Korea (+43.5% per year).

In value terms, the United States ($X) constituted the largest supplier of grape juice (single strength) to Malaysia, comprising 77% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.9% share of total imports. It was followed by Japan, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-1.8% per year) and Japan (+104.2% per year).

Import Prices by Country

The average grape juice (single strength) import price stood at $X per ton in 2021, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2016 an increase of 31%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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