Malaysia: Poppy Seed Market 2025

Poppy Seed Market Size in Malaysia

The Malaysian poppy seed market declined significantly to $X in 2022, shrinking by -43.5% 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, however, recorded strong growth. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Poppy Seed Exports

Exports from Malaysia

In 2022, shipments abroad of poppy seed decreased by -15.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 81%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, poppy seed exports reduced markedly to $X in 2022. In general, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by 64%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Lithuania (X tons), Hong Kong SAR (X tons) and India (X tons) were the main destinations of poppy seed exports from Malaysia, with a combined 63% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +101.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Lithuania ($X), Hong Kong SAR ($X) and India ($X) constituted the largest markets for poppy seed exported from Malaysia worldwide, with a combined 65% share of total exports.

Hong Kong SAR, with a CAGR of +197.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, shrinking by -4.4% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poppy seed export price increased by +41.5% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 12%. As a result, the export price reached the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Indonesia ($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 Hong Kong SAR (+47.8%), while the prices for the other major destinations experienced more modest paces of growth.

Poppy Seed Imports

Imports into Malaysia

Poppy seed imports into Malaysia shrank sharply to X tons in 2022, which is down by -41.6% compared with 2021. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 497% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, poppy seed imports contracted remarkably to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 481% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest poppy seed supplier to Malaysia, with a 65% share of total imports. Moreover, poppy seed imports from Turkey exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+3.4% per year) and the Czech Republic (+5.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of poppy seed to Malaysia, comprising 82% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 9.9% share of total imports. It was followed by the Czech Republic, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (-0.4% per year) and the Czech Republic (+5.8% per year).

Import Prices by Country

The average poppy seed import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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