Malaysia: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Malaysia

In 2021, the Malaysian non-wheat cereal pellets market decreased by -20.4% to $X for the first time since 2016, thus ending a four-year rising trend. In general, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.7% against 2016 indices. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Non-Wheat Cereal Pellets Production in Malaysia

In value terms, non-wheat cereal pellets production contracted dramatically to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.1% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67%. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Non-Wheat Cereal Pellets Exports

Exports from Malaysia

In 2021, shipments abroad of cereal pellets (excluding wheat) increased by 131% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports enjoyed a notable expansion. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat cereal pellets exports surged to $X in 2021. Overall, exports continue to indicate a buoyant expansion. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for non-wheat cereal pellets exports from Malaysia, with a 79% share of total exports. Moreover, non-wheat cereal pellets exports to Indonesia exceeded the volume sent to the second major destination, Bahrain (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Indonesia amounted to +25.4%.

In value terms, Indonesia ($X) remains the key foreign market for cereal pellets (excluding wheat) exports from Malaysia, comprising 84% of total exports. The second position in the ranking was taken by Bahrain ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Indonesia totaled +27.7%.

Export Prices by Country

In 2021, the average non-wheat cereal pellets export price amounted to $X per ton, increasing by 15% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat cereal pellets export price increased by +84.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Bahrain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+31.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Cereal Pellets Imports

Imports into Malaysia

In 2021, after two years of growth, there was significant decline in purchases abroad of cereal pellets (excluding wheat), when their volume decreased by -36.4% to X tons. In general, imports saw a dramatic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 325% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat cereal pellets imports shrank rapidly to $X in 2021. Overall, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 206%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) was the main non-wheat cereal pellets supplier to Malaysia, with a 91% share of total imports. Moreover, non-wheat cereal pellets imports from Australia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Australia totaled -28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.4% per year) and China (-48.6% per year).

In value terms, Australia ($X) constituted the largest supplier of cereal pellets (excluding wheat) to Malaysia, comprising 64% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Australia totaled -22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.8% per year) and China (-54.9% per year).

Import Prices by Country

In 2021, the average non-wheat cereal pellets import price amounted to $X per ton, with a decrease of -17.4% against the previous year. In general, the import price, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 193%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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