Malaysia: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Malaysia

The Malaysian prepared baking powder market stood at $X in 2022, increasing by 2.3% against the previous year. Over the period under review, consumption saw a modest increase. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Prepared Baking Powder Production in Malaysia

In value terms, prepared baking powder production fell slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 46%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Prepared Baking Powder Exports

Exports from Malaysia

In 2022, the amount of prepared baking powders exported from Malaysia declined to X tons, waning by -10.5% on the previous year. Over the period under review, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 30% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared baking powder exports shrank to $X in 2022. Overall, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 65%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) were the main destinations of prepared baking powder exports from Malaysia, with a combined 76% share of total exports. Australia, the Philippines, Hong Kong SAR and Cambodia lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +39.2%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for prepared baking powders exports from Malaysia, comprising 39% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-2.9% per year) and Taiwan (Chinese) (+2.4% per year).

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2022, with a decrease of -3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2013 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Indonesia ($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 Singapore (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Malaysia

Prepared baking powder imports into Malaysia expanded to X tons in 2022, increasing by 4.4% against 2021. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 33% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, prepared baking powder imports rose markedly to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.6% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 45%. Over the period under review, imports attained the peak figure at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons) constituted the largest prepared baking powder supplier to Malaysia, with a 38% share of total imports. Moreover, prepared baking powder imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Switzerland (X tons), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.8% per year) and Switzerland (+2.9% per year).

In value terms, Spain ($X), China ($X) and Germany ($X) constituted the largest prepared baking powder suppliers to Malaysia, with a combined 54% share of total imports.

Germany, with a CAGR of +56.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, picking up by 1.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 23%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :