Report Update Nov 1, 2024

Malaysia - Whisky - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Whisky Market 2024

Whisky Exports

Exports from Malaysia

In 2022, after two years of decline, there was growth in shipments abroad of whisky, when their volume increased by 3.1% to X litres. In general, exports, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 46%. The exports peaked at X litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, whisky exports contracted to $X in 2022. Overall, exports, however, showed a dramatic decrease. The pace of growth appeared the most rapid in 2017 with an increase of 45% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X litres), Singapore (X litres) and Australia (X litres) were the main destinations of whisky exports from Malaysia, with a combined 76% share of total exports. The Netherlands, China, India, Vietnam and Pakistan lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +28.0%), while shipments for the other leaders experienced a decline.

In value terms, Singapore ($X), Thailand ($X) and Australia ($X) were the largest markets for whisky exported from Malaysia worldwide, with a combined 75% share of total exports. These countries were followed by China, the Netherlands, Vietnam, India and Pakistan, which together accounted for a further 17%.

The Netherlands, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average whisky export price amounted to $X per litre, with a decrease of -5.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per litre), while the average price for exports to the Netherlands ($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 Pakistan (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Whisky Imports

Imports into Malaysia

In 2022, approx. X litres of whisky were imported into Malaysia; shrinking by -6.2% on the previous year's figure. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 18%. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, whisky imports rose slightly to $X in 2022. In general, imports recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 when imports increased by 39% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X litres), Singapore (X litres) and India (X litres) were the main suppliers of whisky imports to Malaysia, with a combined 73% share of total imports. The Netherlands, the United Arab Emirates, Australia and the United States lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +43.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of whisky to Malaysia, comprising 52% of total imports. The second position in the ranking was held by Singapore ($X), with a 21% share of total imports. It was followed by the Netherlands, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+8.6% per year) and the Netherlands (+4.6% per year).

Import Prices by Country

The average whisky import price stood at $X per litre in 2022, increasing by 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 30% against the previous year. The import price peaked at $X per litre in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for whisky in the world?

The countries with the highest volumes of in 2021 were the United States, India and Japan, together comprising 29% of global consumption. Indonesia, Canada, France, the UK, Russia, Pakistan, Bangladesh, Brazil, Iran and Thailand lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of whisky in the world?

The UK remains the largest whisky producing country worldwide, accounting for 40% of total volume. Moreover, whisky production in the UK exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 10% share.

What are the leading suppliers of whisky to Malaysia?

In value terms, the UK constituted the largest supplier of whisky to Malaysia, comprising 60% of total imports. The second position in the ranking was occupied by Singapore, with a 21% share of total imports. It was followed by the Netherlands, with a 5.9% share.

What are the leading importers of whisky from Malaysia?

In value terms, Singapore remains the key foreign market for whisky exports from Malaysia, comprising 55% of total exports. The second position in the ranking was occupied by Thailand, with a 21% share of total exports. It was followed by China, with a 7% share.

What is the average export price for whisky in Malaysia?

In 2021, the average whisky export price amounted to $19 per litre, surging by 12% against the previous year.

What is the average import price for whisky in Malaysia?

In 2021, the average whisky import price amounted to $16 per litre, with an increase of 34% against the previous year.

This report provides an in-depth analysis of the whisky market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11011030 - Whisky (important: excluding alcohol duty)

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023