Malaysia: Market for Meat of Camels and Other Animals 2024

Market Size for Meat of Camels and Other Animals in Malaysia

In 2022, the Malaysian market for meat of camels and other animals increased by 69% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a prominent expansion. Camel and other animal meat consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Meat of Camels and Other Animals in Malaysia

In value terms, camel and other animal meat production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by 1%. Camel and other animal meat production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Meat of Camels and Other Animals

Exports from Malaysia

In 2022, approx. X tons of meat of camels and other animals were exported from Malaysia; reducing by -73.9% against the previous year. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 437% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, camel and other animal meat exports dropped dramatically to $X in 2022. Over the period under review, exports showed a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of 276%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for camel and other animal meat exports from Malaysia, accounting for a 89% share of total exports. Moreover, camel and other animal meat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +11.6%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for meat of camels and other animals exports from Malaysia, comprising 76% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +34.6%.

Export Prices by Country

The average export price for meat of camels and other animals stood at $X per ton in 2022, growing by 49% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, camel and other animal meat export price increased by +122.1% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Hong Kong SAR ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Meat of Camels and Other Animals

Imports into Malaysia

In 2022, purchases abroad of meat of camels and other animals was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a abrupt setback. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, camel and other animal meat imports shrank to $X in 2022. Overall, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 64%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons), Singapore (X tons) and the United States (X tons) were the main suppliers of camel and other animal meat imports to Malaysia, together comprising 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +41.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest camel and other animal meat suppliers to Malaysia were Australia ($X), the United States ($X) and Singapore ($X), together comprising 66% of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +19.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for meat of camels and other animals amounted to $X per ton, reducing by -47.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 56%. As a result, import price attained the peak level of $X per ton, and then reduced rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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