Malaysia: Wheat Gluten Market 2024

Wheat Gluten Market Size in Malaysia

The Malaysian wheat gluten market rose slightly to $X in 2022, with an increase of 3.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Wheat Gluten Exports

Exports from Malaysia

In 2022, approx. X tons of wheat gluten were exported from Malaysia; which is down by -14.4% against the previous year. Overall, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 96% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, wheat gluten exports dropped remarkably to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 97% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell sharply in the following year.

Exports by Country

South Korea (X tons) was the main destination for wheat gluten exports from Malaysia, with a 61% share of total exports. Moreover, wheat gluten exports to South Korea exceeded the volume sent to the second major destination, Singapore (X tons), fourfold. The third position in this ranking was taken by Australia (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea amounted to +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+3.6% per year) and Australia (+18.6% per year).

In value terms, South Korea ($X) remains the key foreign market for wheat gluten exports from Malaysia, comprising 51% of total exports. The second position in the ranking was held by Singapore ($X), with a 20% share of total exports. It was followed by Brunei Darussalam, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+10.3% per year) and Brunei Darussalam (+27.4% per year).

Export Prices by Country

The average wheat gluten export price stood at $X per ton in 2022, waning by -7.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Gluten Imports

Imports into Malaysia

In 2022, imports of wheat gluten into Malaysia rose markedly to X tons, with an increase of 7% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 34%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat gluten imports reached $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 45% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), Germany (X tons) and China (X tons) were the main suppliers of wheat gluten imports to Malaysia, with a combined 52% share of total imports. Belgium lagged somewhat behind, accounting for a further 2.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +21.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wheat gluten suppliers to Malaysia were France ($X), Germany ($X) and China ($X), together accounting for 52% of total imports. Belgium lagged somewhat behind, accounting for a further 2.7%.

Belgium, with a CAGR of +21.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average wheat gluten import price stood at $X per ton in 2022, dropping by -4.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and China ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :