Malaysia: Root And Tuber Market 2024

Root And Tuber Market Size in Malaysia

In 2022, the Malaysian root and tuber market was finally on the rise to reach $X after two years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Root And Tuber Production in Malaysia

In value terms, root and tuber production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Root and tuber production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of roots and tubers in Malaysia contracted modestly to X tons per ha in 2022, approximately equating 2021. Overall, the yield recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. Over the period under review, the average root and tuber yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The root and tuber harvested area in Malaysia expanded significantly to X ha in 2022, picking up by X% on 2021. Overall, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the root and tuber harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Malaysia

In 2022, shipments abroad of roots and tubers increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, total exports indicated measured 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, root and tuber exports surged to $X in 2022. In general, total exports indicated a moderate increase 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for root and tuber exports from Malaysia, accounting for a X% share of total exports. Moreover, root and tuber exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by Brunei Darussalam (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Brunei Darussalam (X% per year).

In value terms, Singapore ($X) remains the key foreign market for roots and tubers exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Brunei Darussalam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Brunei Darussalam (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a mild downturn. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Thailand ($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 Thailand (X%), while the prices for the other major destinations experienced a decline.

Root And Tuber Imports

Imports into Malaysia

In 2022, supplies from abroad of roots and tubers was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of root and tuber to Malaysia, accounting for a X% share of total imports. Moreover, root and tuber imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), threefold. The third position in this ranking was taken by Bangladesh (X tons), with an X% share.

From 2012 to 2022, 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: Pakistan (X% per year) and Bangladesh (X% per year).

In value terms, China ($X) constituted the largest supplier of roots and tubers to Malaysia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Australia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :