Malaysia - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Fats Price in Malaysia - 2021
Contents:
- Animal Fats Price in Malaysia (CIF) - 2022
- Animal Fats Price in Malaysia (FOB) - 2022
- Animal Fats Imports in Malaysia
- Animal Fats Exports in Malaysia
Animal Fats Price in Malaysia (CIF) - 2022
The average animal fats import price stood at $3,777 per ton in 2022, surging by 2.7% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. Over the period under review, average import prices attained the maximum at $8,449 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($58,378 per ton), while the price for Australia ($3,663 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Animal Fats Price in Malaysia (FOB) - 2022
In 2022, the average animal fats export price amounted to $1,923 per ton, waning by -4.7% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal fats export price decreased by -33.2% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by 72%. As a result, the export price reached the peak level of $2,879 per ton. From 2019 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 China ($7,666 per ton), while the average price for exports to Yemen ($535 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 Chile (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.
Animal Fats Imports in Malaysia
In 2022, supplies from abroad of animal fats and oils decreased by -42.4% to 26 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 548%. As a result, imports attained the peak of 46 tons, and then shrank notably in the following year.
In value terms, animal fats imports fell significantly to $100K in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 444% against the previous year. As a result, imports attained the peak of $169K, and then fell dramatically in the following year.
| Import of Animal Fats in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.6 | 24.7 | 140 | 89.7 | 430.7% |
| China | 5.7 | 3.0 | 8.5 | 5.4 | -1.8% |
| Others | 5.4 | 3.3 | 20.5 | 4.7 | -4.5% |
| Total | 11.7 | 31.0 | 169 | 99.9 | 104.4% |
Top Suppliers of Animal Fats to Malaysia in 2022:
- Australia (24.5 tons)
- China (1.3 tons)
Animal Fats Exports in Malaysia
In 2022, overseas shipments of animal fats and oils increased by 32% to 18 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a significant decrease.
In value terms, animal fats exports skyrocketed to $34K in 2022. In general, exports, however, showed a precipitous setback.
| Export of Animal Fats in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 49.1 | 20.7 | 13.8 | 17.6 | -29.0% |
| Sudan | 19.9 | 8.4 | 5.6 | 7.1 | -29.1% |
| Bahrain | 9.4 | 4.0 | 2.6 | 3.4 | -28.8% |
| China | 6.3 | 2.5 | 1.6 | 1.9 | -32.9% |
| Bangladesh | 4.1 | 1.7 | 1.2 | 1.5 | -28.5% |
| Chile | 1.0 | 0.6 | 0.7 | 0.8 | -7.2% |
| Pakistan | 0.9 | 0.4 | 0.2 | 0.3 | -30.7% |
| Cambodia | 1.5 | N/A | N/A | N/A | 0% |
| Others | 5.2 | 2.2 | 1.1 | 1.2 | -38.7% |
| Total | 97.4 | 40.5 | 26.9 | 33.7 | -29.8% |
Top Export Markets for Animal Fats from Malaysia in 2022:
- Oman (8.9 tons)
- Sudan (3.6 tons)
- Bahrain (2.5 tons)
- Bangladesh (0.9 tons)
- Pakistan (0.3 tons)
- Chile (0.3 tons)
- China (0.2 tons)
This report provides an in-depth analysis of the animal fats 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 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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