Malaysia: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Malaysia

The Malaysian chocolate and confectionery market reached $X in 2022, with an increase of 14% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Chocolate and confectionery consumption peaked in 2022 and is expected to retain growth in the immediate term.

Chocolate And Confectionery Production in Malaysia

In value terms, chocolate and confectionery production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 19% against the previous year. Chocolate and confectionery production peaked at $X in 2020; afterwards, it flattened through to 2022.

Chocolate And Confectionery Exports

Exports from Malaysia

Chocolate and confectionery exports from Malaysia shrank significantly to X tons in 2022, with a decrease of -18.7% on 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, chocolate and confectionery exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 25%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for chocolate and confectionery exports from Malaysia, with a 87% share of total exports. Moreover, chocolate and confectionery exports to the United Arab Emirates exceeded the volume sent to the second major destination, Myanmar (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +43.2%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for chocolate and confectionery exports from Malaysia, comprising 91% of total exports. The second position in the ranking was taken by Myanmar ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +48.9%.

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2014 when the average export price increased by 25% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 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 the United Arab Emirates ($X per ton), while the average price for exports to Myanmar stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Malaysia

In 2022, chocolate and confectionery imports into Malaysia shrank markedly to X tons, falling by -50.7% on 2021. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 37% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, chocolate and confectionery imports contracted rapidly to $X in 2022. In general, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) constituted the largest chocolate and confectionery supplier to Malaysia, accounting for a 39% share of total imports. Moreover, chocolate and confectionery imports from Singapore exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The third position in this ranking was held by China (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+15.8% per year) and China (+3.4% per year).

In value terms, Singapore ($X) constituted the largest supplier of chocolate and confectionery to Malaysia, comprising 44% of total imports. The second position in the ranking was held by China ($X), with a 7.9% share of total imports. It was followed by Australia, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.1% per year) and Australia (+9.1% per year).

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, surging by 44% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Turkey ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :