Malaysia: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Malaysia

The Malaysian orange juice (single strength) market surged to $X in 2021, jumping by 26% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.4% against 2019 indices. Orange juice (single strength) consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Orange Juice (Single Strength) in Malaysia

In value terms, orange juice (single strength) production soared to $X in 2021 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 decreased by -23.7% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 67%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Orange Juice (Single Strength)

Exports from Malaysia

In 2021, orange juice (single strength) exports from Malaysia reduced rapidly to X tons, dropping by -51.2% compared with the year before. Over the period under review, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2013 with an increase of 84% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, orange juice (single strength) exports contracted significantly to $X in 2021. Overall, exports saw a sharp descent. The pace of growth appeared the most rapid in 2019 with an increase of 81% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), Australia (X tons) and India (X tons) were the main destinations of orange juice (single strength) exports from Malaysia, together accounting for 96% of total exports.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +34.4%), while shipments for the other leaders experienced a decline.

In value terms, Hong Kong SAR ($X) remains the key foreign market for orange juice (single strength) exports from Malaysia, comprising 62% of total exports. The second position in the ranking was held by Australia ($X), with a 27% share of total exports. It was followed by Singapore, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to -19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+17.7% per year) and Singapore (-36.8% per year).

Export Prices by Country

In 2021, the average orange juice (single strength) export price amounted to $X per ton, picking up by 56% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 72%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to India ($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 China (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Malaysia

In 2021, the amount of orange juice (single strength) imported into Malaysia reached X tons, approximately mirroring 2020 figures. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 322%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, orange juice (single strength) imports reached $X in 2021. Over the period under review, imports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 358%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Cyprus (X tons), Turkey (X tons) and Brazil (X tons) were the main suppliers of orange juice (single strength) imports to Malaysia, together accounting for 63% of total imports.

From 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +139.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest orange juice (single strength) suppliers to Malaysia were Turkey ($X), Cyprus ($X) and Australia ($X), together comprising 60% of total imports. These countries were followed by Brazil, Thailand, Austria, the Netherlands, Germany, India, Singapore, the United Arab Emirates and South Africa, which together accounted for a further 37%.

Among the main suppliers, Brazil, with a CAGR of +192.2%, recorded the highest rates of growth with regard to 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 2021, the average orange juice (single strength) import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price showed a noticeable reduction. The growth pace was the most rapid in 2016 when the average import price increased by 25%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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