Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia - 2023
Contents:
- Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia (FOB) - 2023
- Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia (CIF) - 2023
- Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia
- Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia
Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia (FOB) - 2023
The average export price for fresh or chilled lettuce, other than cabbage lettuce stood at $1,696 per ton in December 2023, growing by 7.6% against the previous month. In general, the export price, however, showed a mild slump. The most prominent rate of growth was recorded in June 2023 an increase of 9.1% against the previous month. The export price peaked at $2,000 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From December 2022 to December 2023, the rate of growth in terms of prices for Singapore amounted to -1.3% per month.
Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia (CIF) - 2023
In December 2023, the average import price for fresh or chilled lettuce, other than cabbage lettuce amounted to $229 per ton, with a decrease of -54.6% against the previous month. Over the period under review, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 237% against the previous month. As a result, import price attained the peak level of $1,316 per ton. From February 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,133 per ton), while the price for Thailand stood at $124 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+0.2%).
Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia
In 2022, approx. 7.3K tons of fresh or chilled lettuce, other than cabbage lettuce were exported from Malaysia; surging by 5.8% compared with the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 9.7%. As a result, the exports reached the peak of 8.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of fresh or chilled lettuce, other than cabbage lettuce expanded sharply to $12M in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 35%. As a result, the exports reached the peak of $14M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 10.3 | 14.1 | 11.0 | 11.7 | 4.3% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 10.5 | 14.1 | 11.0 | 11.7 | 3.7% |
Top Export Markets for Fresh or Chilled Lettuce, Other than Cabbage Lettuce from Malaysia in 2022:
- Singapore (7.2K tons)
Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia
In 2022, imports of fresh or chilled lettuce, other than cabbage lettuce into Malaysia dropped dramatically to 3.6K tons, shrinking by -25.5% compared with the year before. In general, imports recorded a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports attained the peak of 4.8K tons, and then contracted significantly in the following year.
In value terms, imports of fresh or chilled lettuce, other than cabbage lettuce declined to $1.5M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year.
| Import of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 670 | 583 | 694 | 490 | -9.9% |
| Australia | 403 | 562 | 562 | 383 | -1.7% |
| China | 231 | 388 | 392 | 364 | 16.4% |
| Vietnam | N/A | 4.5 | 32.3 | 263 | 664.5% |
| Others | 24.6 | 55.6 | 64.2 | 49.5 | 26.2% |
| Total | 1,328 | 1,594 | 1,745 | 1,549 | 5.3% |
Top Suppliers of Fresh or Chilled Lettuce, Other than Cabbage Lettuce to Malaysia in 2022:
- Thailand (3141.4 tons)
- China (267.6 tons)
- Vietnam (108.7 tons)
- Australia (60.1 tons)
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