Malaysia: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Malaysia

The Malaysian meat-preparation industrial machinery market expanded to $X in 2022, growing by 4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a significant increase. Meat-preparation industrial machinery consumption peaked in 2022 and is likely to see gradual growth in the near future.

Meat-Preparation Industrial Machinery Exports

Exports from Malaysia

In 2022, the amount of industrial machinery for the preparation of meat or poultry exported from Malaysia surged to X units, rising by 176% on the year before. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 426% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat-preparation industrial machinery exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 407% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X units) was the main destination for meat-preparation industrial machinery exports from Malaysia, with a 47% share of total exports. Moreover, meat-preparation industrial machinery exports to Vietnam exceeded the volume sent to the second major destination, Indonesia (X units), twofold. The third position in this ranking was taken by Mauritius (X units), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled -11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+15.0% per year) and Mauritius (+193.3% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for industrial machinery for the preparation of meat or poultry exports from Malaysia, comprising 45% of total exports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total exports. It was followed by Vietnam, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia totaled -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-11.9% per year) and Vietnam (-5.5% per year).

Export Prices by Country

In 2022, the average meat-preparation industrial machinery export price amounted to $X per unit, growing by 7.3% against the previous year. Overall, the export price showed a temperate increase. The growth pace was the most rapid in 2015 an increase of 115% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Malaysia

For the fifth consecutive year, Malaysia recorded growth in overseas purchases of industrial machinery for the preparation of meat or poultry, which increased by 4.7% to X units in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 191%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, meat-preparation industrial machinery imports expanded markedly to $X in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 186% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of meat-preparation industrial machinery to Malaysia, accounting for a 68% share of total imports. Moreover, meat-preparation industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was held by Italy (X units), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+20.8% per year) and Italy (+25.5% per year).

In value terms, the largest meat-preparation industrial machinery suppliers to Malaysia were China ($X), the United States ($X) and Taiwan (Chinese) ($X), together comprising 42% of total imports.

China, with a CAGR of +9.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, growing by 1.6% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 61%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-13.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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