Malaysia: Prepared Mustard Market 2024

Prepared Mustard Market Size in Malaysia

In 2021, after two years of growth, there was significant decline in the Malaysian prepared mustard market, when its value decreased by -7% to $X. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.4% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Prepared Mustard Production in Malaysia

In value terms, prepared mustard production dropped to $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 47% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Prepared Mustard Exports

Exports from Malaysia

In 2021, the amount of prepared mustard exported from Malaysia declined remarkably to X tons, dropping by -28% against the year before. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 86% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared mustard exports declined to $X in 2021. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 25% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Pakistan (X tons) and Hong Kong SAR (X tons) were the main destinations of prepared mustard exports from Malaysia, together accounting for 48% of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +34.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for prepared mustard exports from Malaysia, comprising 35% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 13% share of total exports. It was followed by Singapore, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+10.0% per year) and Singapore (-31.6% per year).

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, picking up by 25% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared mustard export price increased by +87.6% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 33%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Malaysia

In 2021, overseas purchases of prepared mustard increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 50% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared mustard imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 40%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest prepared mustard supplier to Malaysia, with a 57% share of total imports. Moreover, prepared mustard imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold. France (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+9.0% per year) and France (+6.2% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared mustard to Malaysia, comprising 43% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+9.3% per year) and France (+5.8% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, with an increase of 14% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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