Malaysia: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Malaysia

The Malaysian sweet biscuit market contracted to $X in 2021, falling by -5.6% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +11.8% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sweet Biscuit Production in Malaysia

In value terms, sweet biscuit production dropped slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +4.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Sweet Biscuit Exports

Exports from Malaysia

Sweet biscuit exports from Malaysia expanded markedly to X tons in 2021, picking up by 7.8% on the year before. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, sweet biscuit exports amounted to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.7% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), China (X tons) and Singapore (X tons) were the main destinations of sweet biscuit exports from Malaysia, together comprising 41% of total exports. Indonesia, Myanmar, Japan, Taiwan (Chinese), the United States, Vietnam, South Korea, India, Cambodia and Mauritius lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +68.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet biscuit exported from Malaysia were China ($X), Singapore ($X) and Thailand ($X), with a combined 42% share of total exports. Indonesia, Japan, Myanmar, Taiwan (Chinese), the United States, South Korea, Vietnam, India, Mauritius and Cambodia lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Myanmar, with a CAGR of +71.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sweet biscuit export price stood at $X per ton in 2021, flattening at the previous year. Over the last nine-year period, it increased at an average annual rate of +4.8%. The pace of growth appeared the most rapid in 2013 an increase of 44%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($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 India (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Malaysia

For the sixth consecutive year, Malaysia recorded growth in purchases abroad of sweet biscuits, which increased by 11% to X tons in 2021. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 58% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, sweet biscuit imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 41% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of sweet biscuit to Malaysia, accounting for a 44% share of total imports. Moreover, sweet biscuit imports from Indonesia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by China (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.7% per year) and China (+7.9% per year).

In value terms, Indonesia ($X), Thailand ($X) and China ($X) appeared to be the largest sweet biscuit suppliers to Malaysia, together comprising 66% of total imports. These countries were followed by the UK, Singapore, Bahrain, the Philippines and Bangladesh, which together accounted for a further 15%.

Bangladesh, with a CAGR of +71.2%, 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 more modest paces of growth.

Import Prices by Country

The average sweet biscuit import price stood at $X per ton in 2021, surging by 8.6% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2015 an increase of 11% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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