Malaysia: Hazelnut Market 2025

Hazelnut Market Size in Malaysia

The Malaysian hazelnut market dropped rapidly to $X in 2021, declining by -96.4% 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). Over the period under review, consumption saw a significant curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Hazelnut Exports

Exports from Malaysia

In 2021, the amount of hazelnuts exported from Malaysia skyrocketed to X kg, with an increase of 52% on 2020. In general, exports posted significant growth. The growth pace was the most rapid in 2019 with an increase of 335% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, hazelnut exports reached $X in 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 457%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X kg) was the main destination for hazelnut exports from Malaysia, with a 84% share of total exports. Moreover, hazelnut exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X kg), more than tenfold. The third position in this ranking was taken by Maldives (X kg), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+15.8% per year) and Maldives (+16.7% per year).

In value terms, Singapore ($X) emerged as the key foreign market for hazelnut exports from Malaysia, comprising 65% of total exports. The second position in the ranking was held by Maldives ($X), with a 20% share of total exports. It was followed by Indonesia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+36.2% per year) and Indonesia (+12.3% per year).

Export Prices by Country

The average hazelnut export price stood at $X per ton in 2021, shrinking by -31.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 60%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Maldives ($X per ton), while the average price for exports to Sri Lanka ($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 Maldives (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.

Hazelnut Imports

Imports into Malaysia

In 2021, hazelnut imports into Malaysia contracted significantly to X kg, which is down by -95.5% on 2020 figures. Over the period under review, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 300% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, hazelnut imports shrank dramatically to $X in 2021. Overall, imports saw a significant curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 359%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X kg) constituted the largest supplier of hazelnut to Malaysia, with a 63% share of total imports. Moreover, hazelnut imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X kg), fourfold. The third position in this ranking was held by India (X kg), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at -35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.0% per year) and India (-13.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of hazelnut to Malaysia, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Singapore, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at -33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.7% per year) and Singapore (-17.6% per year).

Import Prices by Country

The average hazelnut import price stood at $X per ton in 2021, surging by 6.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 26%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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