Malaysia: Vegetable Puree Market 2024

Vegetable Puree Market Size in Malaysia

The Malaysian vegetable puree market dropped rapidly to $X in 2022, which is down by -78.3% against the previous year. Overall, consumption recorded a abrupt decrease. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Vegetable Puree Production in Malaysia

In value terms, vegetable puree production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume decreased by 99.9% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the immediate term.

Vegetable Puree Exports

Exports from Malaysia

After ten years of growth, overseas shipments of vegetable puree decreased by -9.9% to X tons in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 281%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, vegetable puree exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2016 when exports increased by 852% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Australia (X tons), France (X tons) and Hong Kong SAR (X tons) were the main destinations of vegetable puree exports from Malaysia, together accounting for 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +163.2%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), France ($X) and Hong Kong SAR ($X) were the largest markets for vegetable puree exported from Malaysia worldwide, with a combined 76% share of total exports.

France, with a CAGR of +141.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vegetable puree export price amounted to $X per ton, which is down by -5.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 150%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to New Zealand ($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 the UK (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Puree Imports

Imports into Malaysia

In 2022, supplies from abroad of vegetable puree was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, vegetable puree imports skyrocketed to $X in 2022. Overall, imports, however, saw a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of vegetable puree imports to Malaysia, together comprising 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +68.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable puree suppliers to Malaysia were the United States ($X), China ($X) and the Netherlands ($X), with a combined 85% share of total imports.

The United States, with a CAGR of +54.0%, saw the highest growth rate of 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

The average vegetable puree import price stood at $X per ton in 2022, picking up by 1.7% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable puree import price increased by +65.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 30%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain 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 the Netherlands ($X per ton), while the price for China ($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 (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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