Malaysia: Cream Market 2021

Cream Market Size in Malaysia

For the third year in a row, the Malaysian cream market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2009 to 2020, the growth of the market remained at a somewhat lower figure.

Cream Production in Malaysia

In value terms, cream production reached $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2009 to 2020, production growth failed to regain the momentum.

Cream Exports

Exports from Malaysia

In 2020, overseas shipments of cream decreased by -X% to X tons, falling for the second year in a row after six years of growth. Overall, total exports indicated a strong expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, cream exports reduced to $X in 2020. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Gambia (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) were the main destinations of cream exports from Malaysia, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Gambia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Taiwan (Chinese) ($X) and Brunei Darussalam ($X) were the largest markets for cream exported from Malaysia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, the Philippines recorded 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 2020, the average cream export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Gambia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced a decline.

Cream Imports

Imports into Malaysia

For the eighth year in a row, Malaysia recorded growth in overseas purchases of cream, which increased by X% to X tons in 2020. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, cream imports dropped slightly to $X in 2020. In general, total imports indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2011 indices. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X tons), Singapore (X tons) and Germany (X tons) were the main suppliers of cream imports to Malaysia, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in New Zealand, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cream suppliers to Malaysia were Singapore ($X), Australia ($X) and Germany ($X), with a combined X% share of total imports. New Zealand and Indonesia lagged somewhat behind, together accounting for a further X terms of the main suppliers, Indonesia recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :