Malaysia: Wheat Starch Market 2024

Wheat Starch Market Size in Malaysia

After two years of growth, the Malaysian wheat starch market decreased by -10.3% to $X in 2021. Over the period under review, consumption, however, saw buoyant growth. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Wheat Starch Production in Malaysia

In value terms, wheat starch production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 49%. Wheat starch production peaked at $X in 2020, and then fell in the following year.

Wheat Starch Exports

Exports from Malaysia

In 2021, wheat starch exports from Malaysia rose markedly to X tons, picking up by 15% compared with the previous year's figure. In general, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 44%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, wheat starch exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Seychelles (X tons) and Indonesia (X tons) were the main destinations of wheat starch exports from Malaysia, together comprising 79% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +57.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat starch exported from Malaysia were Seychelles ($X), Singapore ($X) and Indonesia ($X), with a combined 89% share of total exports.

Indonesia, with a CAGR of +49.7%, saw 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

In 2021, the average wheat starch export price amounted to $X per ton, picking up by 40% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Australia ($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 Singapore (+0.4%), while the prices for the other major destinations experienced a decline.

Wheat Starch Imports

Imports into Malaysia

Wheat starch imports into Malaysia dropped to X tons in 2021, which is down by -5.8% on 2020 figures. Overall, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2014 with an increase of 22%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wheat starch imports contracted to $X in 2021. In general, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 16% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) constituted the largest wheat starch supplier to Malaysia, with a 54% share of total imports. Moreover, wheat starch imports from Australia exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The third position in this ranking was held by Lithuania (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-1.9% per year) and Lithuania (+32.4% per year).

In value terms, Australia ($X) constituted the largest supplier of wheat starch to Malaysia, comprising 53% of total imports. The second position in the ranking was taken by Argentina ($X), with a 15% share of total imports. It was followed by Lithuania, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Australia amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-1.5% per year) and Lithuania (+34.2% per year).

Import Prices by Country

In 2021, the average wheat starch import price amounted to $X per ton, waning by -2.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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