Malaysia: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in Malaysia

The Malaysian preserved swine meat market dropped to $X in 2021, with a decrease of -6.8% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Preserved Swine Meat Production in Malaysia

In value terms, preserved swine meat production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 41%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Preserved Swine Meat Exports

Exports from Malaysia

In 2021, preserved swine meat exports from Malaysia contracted significantly to X kg, waning by -92.1% on the previous year. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 4,886%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, preserved swine meat exports reduced rapidly to $X in 2021. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 4,707%. The exports peaked at $X in 2020, and then fell markedly in the following year.

Exports by Country

Vietnam (X kg), the Philippines (X kg) and Congo (X kg) were the main destinations of preserved swine meat exports from Malaysia, together accounting for 90% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +63.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved swine meat exported from Malaysia were Vietnam ($X), the Philippines ($X) and Brunei Darussalam ($X), with a combined 92% share of total exports.

The Philippines, with a CAGR of +81.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average preserved swine meat export price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved swine meat export price increased by +157.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 67% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Indonesia ($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 Brunei Darussalam (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Meat Imports

Imports into Malaysia

In 2021, supplies from abroad of prepared or preserved hams and cuts of swine meat decreased by -20.2% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 357% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then declined significantly in the following year.

In value terms, preserved swine meat imports declined rapidly to $X in 2021. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 390%. Over the period under review, imports reached the maximum at $X in 2020, and then reduced markedly in the following year.

Imports by Country

Belgium (X tons), China (X tons) and Denmark (X tons) were the main suppliers of preserved swine meat imports to Malaysia, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +33.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved swine meat suppliers to Malaysia were Belgium ($X), Denmark ($X) and China ($X), with a combined 56% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +22.5%, recorded the highest rates of growth with regard to 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 2021, the average preserved swine meat import price amounted to $X per ton, dropping by -7.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained 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 Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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