Malaysia: Ghee Market 2025

Ghee Market Size in Malaysia

After two years of growth, the Malaysian ghee market decreased by -0.7% to $X in 2022. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +13.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Ghee Exports

Exports from Malaysia

Ghee exports from Malaysia declined to X tons in 2022, falling by -5.4% compared with the previous year. Overall, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 49%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ghee exports declined slightly to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 60% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Vietnam (X tons) and Oman (X tons) were the main destinations of ghee exports from Malaysia, together accounting for 59% 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 Oman (with a CAGR of +34.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ghee exported from Malaysia were the United Arab Emirates ($X), Singapore ($X) and Oman ($X), with a combined 53% share of total exports.

Oman, with a CAGR of +41.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average ghee export price stood at $X per ton in 2022, picking up by 3% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2015 an increase of 25%. The export price peaked at $X per ton in 2020; however, from 2021 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 Australia ($X per ton), while the average price for exports to China ($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 Qatar (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Malaysia

After two years of growth, overseas purchases of ghee decreased by -0.6% to X tons in 2022. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 33% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, ghee imports declined to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +4.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of ghee to Malaysia, accounting for a 89% share of total imports. Moreover, ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from New Zealand stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+27.6% per year) and Australia (-11.2% per year).

In value terms, New Zealand ($X) constituted the largest supplier of ghee to Malaysia, comprising 90% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 5.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.9% per year) and Australia (-10.2% per year).

Import Prices by Country

The average ghee import price stood at $X per ton in 2022, waning by -3.4% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ghee import price increased by +3.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 62%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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