Last updated: January 2024
Cherries are a popular fruit in Malaysia, especially from June to August. The price of cherries in Malaysia varies depending on the type, quality, and availability of the fruit. Generally, imported cherries are more expensive than locally grown ones due to the cost of transportation and import duties.
In Malaysia, these cute little stone fruits are usually sold in supermarkets, fruit stalls, and online stores. The price of cherries can range from RM10 to RM30 per 100g, depending on the variety and season. During the peak season, the price of cherries may be lower due to the abundance of supply, while the price may increase during off-seasons or when there is a shortage of supply.
Here are our top picks on:
- How much is one mao shan wang durian in Malaysia? - Malaysia Durian Price
- How much is cardamom import price in Malaysia? - Cardamom Price in Malaysia
- How much is coffee in Kuala Lumpur? - Malaysia Coffee Price
Historical Overview of Cherry Prices in Malaysia
As a fruit that is not native to Malaysia, cherries have always been a luxury item in the Malaysian market. The first cherries were imported into the country in the early 2000s, and since then, the demand for cherries has been steadily increasing.
Over the years, cherry prices in Malaysia have fluctuated due to various factors such as the supply and demand, weather conditions, and import regulations. Here is a brief historical overview of cherry prices in Malaysia:
- In 2015, the average price of cherries in Malaysia was around MYR 40 per kilogram.
- In 2016, cherry prices increased to MYR 50 per kilogram due to a shortage in supply.
- In 2017, cherry prices dropped to MYR 30 per kilogram due to an increase in supply from new cherry-growing regions.
- In 2018, cherry prices increased again to MYR 40 per kilogram due to a decrease in supply caused by unfavorable weather conditions in the cherry-growing regions.
- In 2019, cherry prices remained stable at around MYR 40 per kilogram.
- In 2020, cherry prices increased slightly to MYR 45 per kilogram due to the COVID-19 pandemic, which disrupted global supply chains and caused a shortage in supply.
- In 2021, cherry prices increased again to MYR 50 per kilogram due to a decrease in supply caused by unfavorable weather conditions in the cherry-growing regions.
- In September 2023, the retail price range for cherries in Malaysia is between MYR 15.88 and MYR 20.42 per kilogram or between MYR 7.2 and MYR 9.26 per pound (lb) in Kuala Lumpur and George Town.
It is important to note that cherry prices in Malaysia can vary greatly depending on the region and the retailer. Consumers can expect to pay a premium for imported cherries compared to locally grown fruits. Additionally, the price of cherries is expected to remain volatile due to the various factors that affect the supply and demand of this fruit.
Current Cherry Prices in Malaysia
Current, the average export price for cherries and sour cherries in Malaysia is US$5,538 per ton, which is an increase of 30% compared to the previous year. The current price of cherries in Malaysia varies depending on the variety, quality, and location of the seller. However, based on recent data, the average retail price for cherries in Malaysia ranges from RM60 to RM80 per kilogram.
Cherries are typically more expensive than other fruits due to their short growing season and the high demand for their unique flavour and nutritional benefits. The price of cherries in Malaysia may also be affected by factors such as weather conditions, transportation costs, and import tariffs.
It is worth noting that the price of cherries may fluctuate throughout the year, with prices typically peaking during the cherry season, which runs from May to July. During this time, fresh cherries are abundant, and prices may be lower than during the off-season when cherries are imported from other countries.
Overall, while the price of cherries in Malaysia may be higher than other fruits, they are still an excellent source of vitamins, minerals, and antioxidants. Whether enjoyed fresh, dried, or in other forms, cherries are a delicious and nutritious addition to any diet.
Factors Influencing Cherry Prices
Cherry prices in Malaysia are influenced by a variety of factors, including supply and demand, weather conditions, and geographical location. In this section, I will discuss some of the key factors that affect cherry prices in Malaysia.
Supply and Demand
One of the most significant factors that affect cherry prices is the balance between supply and demand. When there is a high demand for cherries and the supply is limited, prices tend to rise. Conversely, when there is an oversupply of cherries and demand is low, prices tend to fall.
Weather Conditions
Weather conditions during the growing season can have a significant impact on the quality and quantity of cherries produced. For example, excessive rainfall or drought can damage cherry crops, resulting in a lower yield and higher prices. Similarly, extreme temperatures can affect the taste and texture of cherries, making them less desirable to consumers.
Geographical Location
The location where cherries are grown can also affect their price. Cherries grown locally tend to be less expensive than those imported from other countries due to fewer transport costs. Additionally, the cost of labour and land in different regions can also impact cherry prices.
Type of Cherry
The type of cherry can also influence its price. Different varieties of cherries have different characteristics, such as size, colour, and sweetness, which can affect their desirability and price. For example, sweet cherries are generally more expensive than sour cherries due to their higher demand.
In conclusion, cherry prices in Malaysia are influenced by a variety of factors, including supply and demand, weather conditions, geographical location, and the type of cherry. By understanding these factors, consumers and producers can make more informed decisions about buying and selling cherries.
Comparison with Other Fruit Prices
When it comes to fruit prices in Malaysia, cherries are considered to be on the higher end of the spectrum. However, there are other fruits that are similarly priced or even more expensive than cherries. Here are some examples:
- Blueberries: According to Hargapedia, a 125gm pack of blueberries costs RM8.90 in Malaysia. This means that blueberries are slightly cheaper than cherries, which cost between MYR 15.88 and MYR 20.42 per kilogram.
- Raspberries: Raspberries are another type of berry that are quite expensive in Malaysia. According to Lulu Hypermarket, a 170gm pack of raspberries costs RM15.90. This is significantly more expensive than cherries.
- Grapes: Grapes are a popular fruit in Malaysia and are available in a variety of colours and sizes. According to Hargapedia, a kilogram of black seedless grapes costs around RM10. This makes grapes cheaper than cherries.
- Avocado: Avocado is a fruit that has become increasingly popular in Malaysia in recent years. According to Hargapedia, a single avocado costs around RM3.99. This means that avocados are significantly cheaper than cherries.
Overall, while cherries may be considered expensive compared to some other fruits in Malaysia, they are not the most expensive. It is important to note that fruit prices can vary depending on the season and location, so it is always a good idea to check prices before making a purchase.
Cherry Price Forecast
Based on the current trends in the Malaysian cherry market, I predict that cherry prices will continue to rise in the coming years.
According to a report by IndexBox, the Malaysian cherry market increased by 32% in 2021, after two years of decline. This upward trend is expected to continue, with consumption showing a strong increase.
Furthermore, the average import price for cherries and sour cherries in Malaysia grew by 27% in 2022, reaching $8,952 per ton. This suggests that demand for cherries is increasing in Malaysia, which will likely lead to higher prices in the future.
Another factor that may contribute to higher cherry prices is the overall growth in the Southeast Asian cherry market. According to another report by IndexBox, the export price for cherries in Southeast Asia increased by 135% in 2022, indicating a growing demand for cherries in the region.
Additionally, the ongoing COVID-19 pandemic has disrupted global supply chains, leading to shortages and price increases for many products, including cherries. This could also contribute to higher cherry prices in Malaysia.
In conclusion, based on the current trends in the Malaysian cherry market and the wider Southeast Asian cherry market, as well as the ongoing pandemic-related disruptions, I predict that cherry prices will continue to rise in the coming years.
Impact of Cherry Prices on Malaysian Economy
Cherry prices in Malaysia have a significant impact on the country's economy. As a commodity exporting country, changes in cherry prices can have important effects on various economic sectors, including agriculture, trade, and inflation. In this section, I will discuss the impact of cherry prices on the Malaysian economy.
Agricultural Sector
The cherry industry in Malaysia plays an important role in the country's agricultural sector. Changes in cherry prices can affect the income of farmers and the overall productivity of the industry. When cherry prices are high, farmers are incentivized to increase production, which can lead to an increase in the supply of cherries in the market. However, if cherry prices are low, farmers may choose to switch to other crops, which can lead to a decrease in the supply of cherries.
Trade
Cherry prices also have an impact on Malaysia's trade balance. When cherry prices are high, Malaysia can earn more revenue from cherry exports, which can improve the country's trade balance. However, if cherry prices are low, Malaysia may earn less revenue from cherry exports, which can lead to a trade deficit.
Inflation
Cherry prices can also affect inflation in Malaysia. When cherry prices are high, the cost of producing cherry-based products, such as cherry jams and cherry pies, increases. This can lead to an increase in the prices of these products, which can contribute to overall inflation. On the other hand, if cherry prices are low, the cost of producing cherry-based products decreases, which can lead to a decrease in the prices of these products and contribute to lower inflation.
In conclusion, cherry prices have a significant impact on the Malaysian economy. Changes in cherry prices can affect the agricultural sector, trade balance, and inflation. It is important for policymakers to monitor cherry prices and take appropriate measures to ensure the stability of the economy.
Cherry Price Malaysia
Based on the analysis of the Malaysian cherry market, it is evident that the country is a significant importer of cherries, with imports increasing over the years. In 2022, cherry and sour cherry imports into Malaysia fell dramatically to X tons, waning by -29.1% against 2021. However, over the period under review, imports recorded a resilient expansion, with the pace of growth being the most pronounced in 2018 with an increase of 42% against the previous year.
The average cherry export price stood at $5,772 per ton in 2022, approximately reflecting the previous year. Overall, the export price recorded prominent growth, with the most prominent rate of growth recorded in 2015, an increase of 52%.
The Malaysian cherry market increased by 32% to $X in 2021, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a strong increase.
The Malaysian cherry market report provides a comprehensive overview of the cherries market in Malaysia, including its size, structure, production, prices, and trade. The report also presents a forecast for its development in the next five years and provides a detailed analysis of the market, its dynamics, and the competitive landscape.
In conclusion, the Malaysian cherry market is a growing market with significant potential for growth in the future. The country's increasing imports and consumption of cherries, coupled with the rising export prices, indicate a growing demand for the fruit. As such, it presents an excellent opportunity for investors and traders to explore the market and take advantage of its potential.
Read also:
