Malaysia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Malaysia

In 2022, the Malaysian market for malt extract and food preparations of flour, meal, and starches was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Malaysia

In value terms, production of malt extract and food preparations of flour, meal, and starches totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Malaysia

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches were finally on the rise to reach X tons after two years of decline. Overall, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 22%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches reduced slightly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 21% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Malaysia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar amounted to +100.9%.

In value terms, Myanmar ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Malaysia.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +86.0%.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, falling by -3.6% against the previous year. In general, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to -1.0% per year.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Malaysia

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 14% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches expanded remarkably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 15%. Over the period under review, imports of reached the maximum 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 supplier of malt extract and food preparations of flour, meal, and starch to Malaysia, accounting for a 62% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Singapore exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), sixfold. The third position in this ranking was taken by India (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+5.0% per year) and India (+19.1% per year).

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to Malaysia were Singapore ($X), New Zealand ($X) and India ($X), with a combined 71% share of total imports. Australia, Canada, China, the Netherlands, the UK and the Philippines lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Canada, with a CAGR of +85.1%, saw 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

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, surging by 2.4% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2014 an increase of 8.8% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 New Zealand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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