Malaysia: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Malaysia

The Malaysian spirits and liqueurs market rose slightly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Spirits And Liqueurs Production in Malaysia

In value terms, spirits and liqueurs production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Spirits and liqueurs production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from Malaysia

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a perceptible curtailment. Over the period under review, the exports attained the peak figure at X litres in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, spirits and liqueurs exports expanded modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X litres) was the main destination for spirits and liqueurs exports from Malaysia, with a X% share of total exports. Moreover, spirits and liqueurs exports to Singapore exceeded the volume sent to the second major destination, Thailand (X litres), threefold. The third position in this ranking was held by the United Arab Emirates (X litres), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and the United Arab Emirates (X% per year).

In value terms, Singapore ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, waning by X% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spirits and liqueurs export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per litre), while the average price for exports to the United Arab Emirates ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Malaysia

In 2022, supplies from abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a noticeable decrease. Over the period under review, imports attained the maximum at X litres in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, spirits and liqueurs imports surged to $X in 2022. Overall, imports, however, continue to indicate a mild decrease. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of spirits and liqueurs to Malaysia, with a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, Singapore (X litres), twofold. The third position in this ranking was held by India (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and India (X% per year).

In value terms, the largest spirits and liqueurs suppliers to Malaysia were the UK ($X), France ($X) and Singapore ($X), together accounting for X% of total imports. The Netherlands, India, the United Arab Emirates and South Korea lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average spirits and liqueurs import price amounted to $X per litre, dropping by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for South Korea ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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