Malaysia: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Malaysia

In 2020, the Malaysian market for processed cheese (excluding grated or powdered) increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a measured increase 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, consumption increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Production of Processed cheese (excluding grated or powdered) in Malaysia

In value terms, production of processed cheese (excluding grated or powdered) surged to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Production peaked at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Malaysia

In 2020, shipments abroad of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Exports peaked at X tons in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, exports of processed cheese (excluding grated or powdered) soared to $X in 2020. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

Mauritius (X tons), Brunei Darussalam (X tons) and Singapore (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from Malaysia, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Brunei Darussalam ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by Mauritius ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Brunei Darussalam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (+X% per year) and Singapore (+X% per year).

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, rising by X% against the previous year. In general, export price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of X% year-to-year. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Mauritius ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Processed cheese (excluding grated or powdered)

Imports into Malaysia

In 2020, imports of processed cheese (excluding grated or powdered) into Malaysia shrank rapidly to X tons, which is down by -X% against the previous year's figure. Over the period under review, imports, however, showed noticeable growth. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) reduced sharply to $X in 2020. Overall, imports, however, showed a measured increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Australia (X tons), New Zealand (X tons) and Singapore (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Malaysia, with a combined X% share of total imports. France, Germany, Denmark and the U.S. lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Germany, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Singapore (+X% per year).

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2013 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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