Malaysia: Vegetable Product Market 2025

Vegetable Product Market Size in Malaysia

The Malaysian vegetable product market rose remarkably to $X in 2022, growing by 6.4% against the previous year. In general, consumption, however, faced a sharp shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Product Production in Malaysia

In value terms, vegetable product production expanded notably to $X in 2022 estimated in export price. Overall, production showed a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 35%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average vegetable product yield in Malaysia fell slightly to X tons per ha, declining by -2.2% on 2021. In general, the yield recorded a abrupt decrease. The growth pace was the most rapid in 2019 when the yield increased by 5.5%. The vegetable product yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of vegetable products in Malaysia shrank to X ha, leveling off at the previous year. Over the period under review, the harvested area continues to indicate a deep downturn. The growth pace was the most rapid in 2020 when the harvested area increased by 12% against the previous year. The vegetable product harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Vegetable Product Exports

Exports from Malaysia

In 2022, approx. X tons of vegetable products were exported from Malaysia; growing by 9.6% on 2021 figures. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 115% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, vegetable product exports stood at $X in 2022. Over the period under review, exports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for vegetable product exports from Malaysia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at +28.6%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at -2.6%.

Export Prices by Country

In 2022, the average vegetable product export price amounted to $X per ton, dropping by -6.7% against the previous year. In general, the export price faced a sharp decrease. The pace of growth appeared the most rapid in 2021 an increase of 37% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 -24.3% per year.

Vegetable Product Imports

Imports into Malaysia

In 2022, the amount of vegetable products imported into Malaysia soared to X tons, rising by 285% compared with the year before. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,467% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable product imports skyrocketed to $X in 2022. Overall, imports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 1,160% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Indonesia (X tons) and India (X tons) were the main suppliers of vegetable product imports to Malaysia, with a combined 86% share of total imports. Thailand, Spain and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +248.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable product suppliers to Malaysia were China ($X), Indonesia ($X) and Taiwan (Chinese) ($X), together comprising 87% of total imports. Thailand, Spain and India lagged somewhat behind, together comprising a further 9%.

India, with a CAGR of +166.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable product import price amounted to $X per ton, increasing by 1.5% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable product import price increased by +40.0% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 49% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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