Malaysia: Dairy Produce Market 2024

Dairy Produce Market Size in Malaysia

In 2022, the Malaysian dairy produce market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a temperate 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. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Dairy Produce Production in Malaysia

In value terms, dairy produce production contracted slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced downturn. The growth pace was the most rapid in 2014 when the production volume increased by X%. Dairy produce production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Dairy Produce Exports

Exports from Malaysia

In 2022, approx. X tons of dairy produce were exported from Malaysia; which is down by X% against the year before. In general, exports saw a mild decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy produce exports stood at $X in 2022. Overall, exports continue to indicate a mild descent. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Indonesia (X tons) and Thailand (X tons) were the main destinations of dairy produce exports from Malaysia, with a combined X% share of total exports. Brunei Darussalam, the Philippines, the United Arab Emirates, Bangladesh, Somalia, Vietnam, Myanmar, Saudi Arabia, Democratic Republic of the Congo and China lagged somewhat behind, together comprising 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 Democratic Republic of the Congo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Thailand ($X) were the largest markets for dairy produce exported from Malaysia worldwide, together accounting for X% of total exports. Brunei Darussalam, Somalia, Bangladesh, the United Arab Emirates, Democratic Republic of the Congo, the Philippines, Myanmar, Saudi Arabia, Vietnam and China lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Democratic Republic of the Congo, 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

The average dairy produce export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 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 Somalia ($X per ton), while the average price for exports to Indonesia ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Produce Imports

Imports into Malaysia

Dairy produce imports into Malaysia totaled X tons in 2022, growing by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, dairy produce imports surged to $X in 2022. In general, total imports indicated perceptible growth 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. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest dairy produce supplier to Malaysia, accounting for a X% share of total imports. Moreover, dairy produce imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

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

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

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

Import Prices by Country

The average dairy produce import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a mild increase 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, dairy produce import price increased by X% against 2017 indices. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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