Malaysia: Sugar Crop Market 2024

Sugar Crop Market Size in Malaysia

The Malaysian sugar crop market reached $X in 2022, surging by X% against the previous year. In general, consumption, however, recorded a deep contraction. Sugar crop consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar Crop Production in Malaysia

In value terms, sugar crop production stood at $X in 2022 estimated in export price. In general, production faced a abrupt curtailment. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of sugar crops in Malaysia dropped modestly to X tons per ha in 2022, which is down by X% against 2021 figures. Over the period under review, the yield continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The sugar crop yield peaked at X tons per ha in 2013; however, from 2014 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 total area harvested in terms of sugar crops production in Malaysia dropped modestly to X ha, stabilizing at the year before. Overall, the harvested area saw a deep downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Malaysia

For the third year in a row, Malaysia recorded decline in overseas shipments of sugar crops, which decreased by X% to X tons in 2022. In general, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports fell to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Singapore (X tons) was the main destination for sugar crop exports from Malaysia, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to X%.

In value terms, Singapore ($X) also remains the key foreign market for sugar crops exports from Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to X%.

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, waning by X% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price 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, sugar crop export price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Sugar Crop Imports

Imports into Malaysia

In 2022, after three years of growth, there was significant decline in supplies from abroad of sugar crops, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar crop imports fell to $X in 2022. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest sugar crop supplier to Malaysia, with a X% share of total imports. Moreover, sugar crop imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with an X% share.

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

In value terms, China ($X) constituted the largest supplier of sugar crops to Malaysia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Spain, with an 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: India (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a noticeable contraction. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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