Malaysia: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Malaysia

The Malaysian casein and caseinates market amounted to $X in 2022, flattening at the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.2% against 2019 indices. Casein and caseinates consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Casein And Caseinates Production in Malaysia

In value terms, casein and caseinates production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded pronounced growth. The growth pace was the most rapid in 2016 when the production volume increased by 56% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Casein And Caseinates Exports

Exports from Malaysia

In 2022, after two years of decline, there was significant growth in overseas shipments of casein and caseinates, when their volume increased by 7.9% to X tons. Overall, exports saw a pronounced increase. The growth pace was the most rapid in 2019 when exports increased by 176%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, casein and caseinates exports rose markedly to $X in 2022. Over the period under review, exports posted a modest expansion. The growth pace was the most rapid in 2017 when exports increased by 87%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons), Vietnam (X tons) and Sri Lanka (X tons) were the main destinations of casein and caseinates exports from Malaysia, together accounting for 82% 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 Sri Lanka (with a CAGR of +23.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for casein and caseinates exported from Malaysia were Sri Lanka ($X), Pakistan ($X) and Vietnam ($X), together accounting for 87% of total exports.

Sri Lanka, with a CAGR of +25.4%, saw the highest growth rate of 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 casein and caseinates export price amounted to $X per ton, falling by -2.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 82%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average 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 Sri Lanka ($X per ton), while the average price for exports to Vietnam ($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 Sri Lanka (+1.7%), while the prices for the other major destinations experienced a decline.

Casein And Caseinates Imports

Imports into Malaysia

After two years of growth, purchases abroad of casein and caseinates decreased by -12.8% to X tons in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 38%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, casein and caseinates imports contracted rapidly to $X in 2022. Overall, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 61%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest casein and caseinates supplier to Malaysia, with a 71% share of total imports. Moreover, casein and caseinates imports from New Zealand exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The third position in this ranking was held by China (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+86.3% per year) and China (+22.4% per year).

In value terms, New Zealand ($X) constituted the largest supplier of casein and caseinates to Malaysia, comprising 73% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.8% share of total imports. It was followed by China, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+82.7% per year) and China (+25.6% per year).

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, falling by -4.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were New Zealand ($X per ton) and the Netherlands ($X per ton), while the price for Ireland ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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