Price for Cereal Flours; Other than of Wheat or Meslin in Malaysia - 2023

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Malaysia (CIF) - 2023
2. Price for Cereal Flours; Other than of Wheat or Meslin in Malaysia (FOB) - 2023
3. Imports of Cereal Flours; Other than of Wheat or Meslin in Malaysia
4. Exports of Cereal Flours; Other than of Wheat or Meslin in Malaysia

Price for Cereal Flours; Other than of Wheat or Meslin in Malaysia (CIF) - 2023

In December 2023, the average import price for cereal flours; other than of wheat or meslin amounted to $1,061 per ton, increasing by 3.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 8.5% month-to-month. Over the period under review, average import prices attained the maximum in December 2023.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($1,708 per ton), while the price for Turkey ($374 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in Malaysia (FOB) - 2023

In December 2023, the average export price for cereal flours; other than of wheat or meslin amounted to $1,302 per ton, flattening at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 21% m-o-m. As a result, the export price attained the peak level of $1,434 per ton. From March 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Chad ($1,969 per ton), while the average price for exports to Taiwan (Chinese) ($592 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chad (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Flours; Other than of Wheat or Meslin in Malaysia

In 2022, the amount of cereal flours; other than of wheat or meslin imported into Malaysia skyrocketed to 29K tons, jumping by 16% against the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal flours; other than of wheat or meslin totaled $28M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24%. As a result, imports attained the peak of $29M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Malaysia in 2022:

1. Thailand (19.7K tons)
2. Brazil (2.2K tons)
3. Netherlands (1.7K tons)
4. China (1.5K tons)
5. Turkey (1.0K tons)
6. Germany (0.8K tons)
7. India (0.6K tons)
8. France (0.6K tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in Malaysia

Exports of cereal flours; other than of wheat or meslin from Malaysia dropped to 2K tons in 2022, which is down by -5.3% against 2021 figures. Overall, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2021 when exports increased by 8.6% against the previous year.

In value terms, exports of cereal flours; other than of wheat or meslin reached $2.2M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 1.7% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Malaysia in 2022:

1. Singapore (694.6 tons)
2. Taiwan (Chinese) (577.5 tons)
3. Somalia (170.3 tons)
4. Chad (149.7 tons)
5. Brunei Darussalam (129.3 tons)
6. Indonesia (126.0 tons)
7. Philippines (51.5 tons)

Source: IndexBox Market Intelligence Platform