Malaysia: Butter And Ghee Market 2024

Butter And Ghee Market Size in Malaysia

In 2022, the Malaysian butter and ghee market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a strong increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Butter And Ghee Exports

Exports from Malaysia

In 2022, after three years of decline, there was significant growth in shipments abroad of butter and ghee, when their volume increased by X% to X tons. Over the period under review, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, butter and ghee exports soared to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), China (X tons) and Vietnam (X tons) were the main destinations of butter and ghee exports from Malaysia, together comprising X% of total exports. The United Arab Emirates, Brunei Darussalam, Papua New Guinea, Indonesia, Sri Lanka, Taiwan (Chinese), the Philippines, Qatar, Oman and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for butter and ghee exported from Malaysia were Singapore ($X), the United Arab Emirates ($X) and Brunei Darussalam ($X), together accounting for X% of total exports. Vietnam, China, Taiwan (Chinese), Qatar, Oman, Indonesia, Papua New Guinea, the Philippines, Saudi Arabia and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Papua New Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 butter and ghee export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Sri Lanka ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Malaysia

In 2022, the amount of butter and ghee imported into Malaysia stood at X tons, picking up by X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, butter and ghee imports soared to $X in 2022. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest butter and ghee supplier to Malaysia, with a X% share of total imports. Moreover, butter and ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, Denmark (X tons), ninefold. The third position in this ranking was held by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Australia (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of butter and ghee to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with an X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Australia (X% per year).

Import Prices by Country

The average butter and ghee import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Denmark ($X per ton), while the price for Australia ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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