Malaysia: Preserved Tomato Market 2024

Preserved Tomato Market Size in Malaysia

The Malaysian preserved tomato market expanded modestly to $X in 2021, surging by 2% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 decreased by -1.8% against 2019 indices. Preserved tomato consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Tomato Production in Malaysia

In value terms, preserved tomato production totaled $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 -3.2% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 50%. Preserved tomato production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Preserved Tomato Exports

Exports from Malaysia

In 2021, overseas shipments of preserved tomatoes increased by 64% to X tons, rising for the third year in a row after four years of decline. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 189%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, preserved tomato exports surged to $X in 2021. Over the period under review, exports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2019 with an increase of 124%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for preserved tomato exports from Malaysia, with a 75% share of total exports. Moreover, preserved tomato exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), more than tenfold. Papua New Guinea (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+7.4% per year) and Papua New Guinea (+114.3% per year).

In value terms, Singapore ($X) remains the key foreign market for preserved tomatoes exports from Malaysia, comprising 70% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 6.3% share of total exports. It was followed by Hong Kong SAR, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+55.3% per year) and Hong Kong SAR (-2.0% per year).

Export Prices by Country

The average preserved tomato export price stood at $X per ton in 2021, shrinking by -6.3% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2017 an increase of 46%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Thailand ($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 Thailand (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Tomato Imports

Imports into Malaysia

In 2021, approx. X tons of preserved tomatoes were imported into Malaysia; picking up by 6.3% against 2020. In general, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 when imports increased by 22% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, preserved tomato imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt decrease. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest preserved tomato supplier to Malaysia, with a 36% share of total imports. Moreover, preserved tomato imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-11.1% per year) and the United States (-16.1% per year).

In value terms, Italy ($X) constituted the largest supplier of preserved tomatoes to Malaysia, comprising 38% of total imports. The second position in the ranking was held by the United States ($X), with a 4.5% share of total imports. It was followed by the UK, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.4% per year) and the UK (+4.6% per year).

Import Prices by Country

In 2021, the average preserved tomato import price amounted to $X per ton, with an increase of 15% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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