Malaysia: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Malaysia

The Malaysian nuts (prepared or preserved) market stood at $X in 2021, flattening at the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.4% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Nuts (Prepared Or Preserved) in Malaysia

In value terms, nuts (prepared or preserved) production reduced modestly to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Nuts (Prepared Or Preserved)

Exports from Malaysia

In 2021, after two years of growth, there was significant decline in overseas shipments of nuts (prepared or preserved), when their volume decreased by -16% to X tons. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, nuts (prepared or preserved) exports declined modestly to $X in 2021. The total export value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank modestly in the following year.

Exports by Country

Singapore (X tons) was the main destination for nuts (prepared or preserved) exports from Malaysia, accounting for a 55% share of total exports. Moreover, nuts (prepared or preserved) exports to Singapore exceeded the volume sent to the second major destination, Japan (X tons), sevenfold. The third position in this ranking was taken by Indonesia (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+16.5% per year) and Indonesia (+24.3% per year).

In value terms, Singapore ($X) remains the key foreign market for nuts (prepared or preserved) exports from Malaysia, comprising 71% of total exports. The second position in the ranking was held by China ($X), with a 4.5% share of total exports. It was followed by Japan, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+8.4% per year) and Japan (+17.3% per year).

Export Prices by Country

The average nuts (prepared or preserved) export price stood at $X per ton in 2021, increasing by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United Arab Emirates ($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 Singapore (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into Malaysia

In 2021, imports of nuts (prepared or preserved) into Malaysia rose to X tons, growing by 2.3% compared with 2020 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 34% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, nuts (prepared or preserved) imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 13% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nuts (prepared or preserved) to Malaysia, with a 70% share of total imports. Moreover, nuts (prepared or preserved) imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Vietnam (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.7% per year) and Vietnam (+109.0% per year).

In value terms, China ($X) constituted the largest supplier of nuts (prepared or preserved) to Malaysia, comprising 58% of total imports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total imports. It was followed by Singapore, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+107.6% per year) and Singapore (-11.7% per year).

Import Prices by Country

The average nuts (prepared or preserved) import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2016 an increase of 22%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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