Malaysia: Preserved Pork Market 2021

Preserved Pork Market Size in Malaysia

The Malaysian preserved pork market soared to $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the market value increased by X% year-to-year. Preserved pork consumption peaked in 2020 and is likely to see steady growth in the immediate term.

Preserved Pork Production in Malaysia

In value terms, preserved pork production skyrocketed to $X in 2020 estimated in export prices. Overall, the total production indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Preserved Pork Exports

Exports from Malaysia

In 2020, shipments abroad of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2019, and then dropped markedly in the following year.

In value terms, preserved pork exports dropped notably to $X in 2020. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2019, and then dropped sharply in the following year.

Exports by Country

Singapore (X tons) and Hong Kong SAR (X kg) were the main destinations of preserved pork exports from Malaysia.

From 2007 to 2020, the biggest increases were in Singapore.

In value terms, the largest markets for preserved pork exported from Malaysia were Singapore ($X) and Hong Kong SAR ($X Kong SAR saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average preserved pork export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR.

Preserved Pork Imports

Imports into Malaysia

In 2020, purchases abroad of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, preserved pork imports dropped markedly to $X in 2020. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

Spain (X tons), the U.S. (X tons) and Australia (X tons) were the main suppliers of preserved pork imports to Malaysia, with a combined X% share of total imports. These countries were followed by the UK, the Netherlands and Germany, which together accounted for a further X 2007 to 2020, the biggest increases were in the Netherlands, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Spain ($X) and Australia ($X) constituted the largest preserved pork suppliers to Malaysia, together comprising X% of total imports.

Among the main suppliers, Australia 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

In 2020, the average preserved pork import price amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :