Malaysia: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Malaysia

The Malaysian wheat and meslin flour market totaled $X in 2022, stabilizing at the previous year. Overall, consumption saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 7.9% against the previous year. Wheat and meslin flour consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in Malaysia

In value terms, wheat and meslin flour production expanded to $X in 2022 estimated in export price. In general, production showed a perceptible reduction. The pace of growth was the most pronounced in 2014 when the production volume increased by 7.6% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports from Malaysia

In 2022, overseas shipments of wheat and meslin flour were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 31%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wheat and meslin flour exports expanded modestly to $X in 2022. Over the period under review, exports, however, recorded a slight slump. The pace of growth was the most pronounced in 2018 with an increase of 20%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for wheat and meslin flour exports from Malaysia, accounting for a 55% share of total exports. Moreover, wheat and meslin flour exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was held by Brunei Darussalam (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+6.7% per year) and Brunei Darussalam (+5.2% per year).

In value terms, Singapore ($X) remains the key foreign market for wheat and meslin flour exports from Malaysia, comprising 62% of total exports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total exports. It was followed by Brunei Darussalam, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+2.3% per year) and Brunei Darussalam (-0.1% per year).

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, with a decrease of -2.4% against the previous year. Over the period under review, the export price showed a perceptible slump. The pace of growth was the most pronounced in 2020 an increase of 6.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Angola ($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 China (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wheat and Meslin Flour

Imports into Malaysia

After five years of growth, purchases abroad of wheat and meslin flour decreased by -2.6% to X tons in 2022. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 28% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports reduced slightly to $X in 2022. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 24%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of wheat and meslin flour to Malaysia, with a 54% share of total imports. Moreover, wheat and meslin flour imports from Russia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. Sri Lanka (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+1.9% per year) and Sri Lanka (+11.2% per year).

In value terms, the largest wheat and meslin flour suppliers to Malaysia were Singapore ($X), Russia ($X) and Sri Lanka ($X), together comprising 74% of total imports. India, Turkey, Japan, Vietnam, the United States, Canada and Australia lagged somewhat behind, together accounting for a further 18%.

Vietnam, with a CAGR of +17.1%, 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 more modest paces of growth.

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, dropping by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2016 an increase of 28%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced 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 Australia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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