Malaysia: Animal Feed Market 2024

Animal Feed Market Size in Malaysia

The Malaysian animal feed market reduced to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Animal feed consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Animal Feed Production in Malaysia

In value terms, animal feed production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Animal Feed Exports

Exports from Malaysia

Animal feed exports from Malaysia expanded sharply to X tons in 2022, with an increase of 7.1% compared with the previous year. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2015 when exports increased by 63% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, animal feed exports amounted to $X in 2022. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 73%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons), the United States (X tons) and Brunei Darussalam (X tons) were the main destinations of animal feed exports from Malaysia, with a combined 63% share of total exports. Vietnam, China, Thailand, Papua New Guinea, Saudi Arabia, Russia and Pakistan lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of +77.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for animal feed exported from Malaysia were the United States ($X), Singapore ($X) and Brunei Darussalam ($X), together comprising 60% of total exports. Vietnam, China, Pakistan, Saudi Arabia, Russia, Thailand and Papua New Guinea lagged somewhat behind, together comprising a further 18%.

Papua New Guinea, with a CAGR of +58.5%, recorded 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

The average animal feed export price stood at $X per ton in 2022, which is down by -1.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 8.4%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Thailand ($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 United States (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Malaysia

In 2022, the amount of animal and pet feed imported into Malaysia reduced slightly to X tons, declining by -2.9% compared with the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 31%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, animal feed imports shrank slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 24% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of animal feed to Malaysia, accounting for a 61% share of total imports. Moreover, animal feed imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+2.6% per year) and Thailand (-11.2% per year).

In value terms, China ($X) constituted the largest supplier of animal and pet feed to Malaysia, comprising 53% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total imports. It was followed by Thailand, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+3.8% per year) and Thailand (-6.7% per year).

Import Prices by Country

In 2022, the average animal feed import price amounted to $X per ton, which is down by -1.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 7.3% against the previous year. The import price peaked at $X per ton in 2021, and then reduced slightly in the following year.

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 United States ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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