Malaysia: Market for Prepared Or Preserved Shoulders And Cuts Of Swine Meat 2024

Market Size for Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Malaysia

After two years of decline, the Malaysian preserved swine meat cut market increased by 1.6% to $X in 2021. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Prepared Or Preserved Shoulders And Cuts Of Swine Meat in Malaysia

In value terms, preserved swine meat cut production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 13% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Exports from Malaysia

In 2021, overseas shipments of prepared or preserved shoulders and cuts of swine meat decreased by 0% to X kg for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a abrupt decline. The smallest decline of -39.6% was in 2016. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved swine meat cut exports stood at $X in 2021. In general, exports showed a abrupt slump. The smallest decline of -25.5% was in 2016. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Congo (X kg) was the main destination for preserved swine meat cut exports from Malaysia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Congo was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Congo was relatively modest.

Export Prices by Country

The average preserved swine meat cut export price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Congo.

From 2012 to 2021, the rate of growth in terms of prices for Sri Lanka amounted to +23.5% per year.

Imports of Prepared Or Preserved Shoulders And Cuts Of Swine Meat

Imports into Malaysia

In 2021, supplies from abroad of prepared or preserved shoulders and cuts of swine meat increased by 21% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 191% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved swine meat cut imports surged to $X in 2021. In general, imports recorded slight growth. The pace of growth appeared the most rapid in 2020 when imports increased by 273% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of preserved swine meat cut to Malaysia, with a 74% share of total imports. Moreover, preserved swine meat cut imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +49.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.2% per year) and Belgium (-24.6% per year).

In value terms, Thailand ($X), China ($X) and Belgium ($X) appeared to be the largest preserved swine meat cut suppliers to Malaysia, together comprising 97% of total imports.

Thailand, with a CAGR of +42.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved swine meat cut import price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the period under review, the import price saw a buoyant increase. The growth pace was the most rapid in 2019 when the average import price increased by 59%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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