Malaysia: Oil Crops Market 2024

Oil Crops Market Size in Malaysia

The Malaysian oil crops market contracted slightly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Oil crops consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Oil Crops Production in Malaysia

In value terms, oil crops production reduced to $X in 2022 estimated in export price. In general, production posted a measured increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of oil crops (primary) in Malaysia rose slightly to X tons per ha in 2022, surging by X% on 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. The oil crops yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the oil crops harvested area in Malaysia stood at X ha, approximately reflecting 2021 figures. In general, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by X% against the previous year. The oil crops harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Oil Crops Exports

Exports from Malaysia

In 2022, the amount of oil crops (primary) exported from Malaysia surged to X tons, with an increase of X% compared with the previous year's figure. Over the period under review, exports, however, recorded a deep slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, oil crops exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Indonesia (X tons) and Thailand (X tons) were the main destinations of oil crops exports from Malaysia, with a combined X% share of total exports. China, India, Iran and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of X.2%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and India ($X) were the largest markets for oil crops exported from Malaysia worldwide, with a combined X% share of total exports. Thailand, China, Iran and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Iran, with a CAGR of X.5%, recorded the highest rates of growth with regard to 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 2022, the average oil crops export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Malaysia

In 2022, imports of oil crops (primary) into Malaysia expanded markedly to X tons, with an increase of X% on 2021. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, oil crops imports surged to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Indonesia (X tons) and South Africa (X tons) were the main suppliers of oil crops imports to Malaysia, with a combined X% share of total imports. Brazil, Australia, Canada, Thailand, Argentina and Paraguay lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of oil crops (primary) to Malaysia, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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