Malaysia: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Malaysia

The Malaysian market for protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021, jumping by 34% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Malaysia

In value terms, production of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 decreased by -12.9% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 37% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Malaysia

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups exported from Malaysia shrank sharply to X tons, with a decrease of -57.2% against 2020 figures. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 67% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups contracted markedly to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 115%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Malaysia, accounting for a 45% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to the Philippines exceeded the volume sent to the second major destination, Singapore (X tons), fourfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines totaled -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-16.7% per year) and Hong Kong SAR (+19.4% per year).

In value terms, the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Malaysia were the Philippines ($X), Singapore ($X) and the UK ($X), together comprising 41% of total exports.

The UK, with a CAGR of +21.7%, recorded the highest growth rate of the value of exports, in terms of 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

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, rising by 8.9% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price 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. Based on 2021 figures, export price for protein concentrates and flavoured or coloured sugar syrups increased by +56.1% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of 29%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Iran ($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 Vietnam (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Malaysia

Imports of protein concentrates and flavoured or coloured sugar syrups into Malaysia skyrocketed to X tons in 2021, growing by 20% compared with the year before. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 42% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Brazil (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Malaysia, with a combined 75% share of total imports. These countries were followed by India, Taiwan (Chinese) and Argentina, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +37.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Malaysia, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.7% per year) and Taiwan (Chinese) (+1.2% per year).

Import Prices by Country

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, with an increase of 44% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for protein concentrates and flavoured or coloured sugar syrups increased by +102.1% against 2012 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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