Malaysia - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingVegetable Oils Price in Malaysia - 2021
Contents:
- Vegetable Oils Price in Malaysia (FOB) - 2021
- Vegetable Oils Price in Malaysia (CIF) - 2021
- Vegetable Oils Exports in Malaysia
- Vegetable Oils Imports in Malaysia
Vegetable Oils Price in Malaysia (FOB) - 2021
In December 2021, the average vegetable oils export price amounted to $1,292 per ton, standing approximately at the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +3.0%. The pace of growth was the most pronounced in January 2021 when the average export price increased by 10% month-to-month. Over the period under review, the average export prices reached the peak figure in December 2021.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($1,628 per ton), while the average price for exports to Australia ($788 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Oils Price in Malaysia (CIF) - 2021
In December 2021, the average vegetable oils import price amounted to $1,180 per ton, with an increase of 4.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in September 2021 an increase of 9.5% against the previous month. Over the period under review, average import prices hit record highs in December 2021.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From December 2020 to December 2021, the rate of growth in terms of prices for Indonesia amounted to +2.3% per month.
Vegetable Oils Exports in Malaysia
In 2022, shipments abroad of vegetable fats and oils was finally on the rise to reach 2M tons after two years of decline. Overall, exports, however, showed a noticeable slump.
In value terms, vegetable oils exports shrank to $2B in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38%. As a result, the exports reached the peak of $2.3B, and then dropped in the following year.
| Export of Vegetable Oils in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 6.3 | 6.9 | 10.1 | 1,798 | 558.4% |
| Myanmar | 33.2 | 4.2 | 2.2 | 155 | 67.1% |
| South Korea | 54.1 | 45.3 | 90.9 | N/A | 29.6% |
| Japan | 79.1 | 37.9 | 27.9 | N/A | -40.6% |
| China | 378 | 572 | 744 | N/A | 40.3% |
| Vietnam | 32.0 | 36.3 | 71.2 | N/A | 49.2% |
| United States | 96.8 | 116 | 116 | N/A | 9.5% |
| India | 53.9 | 10.7 | 38.7 | N/A | -15.3% |
| South Africa | 27.4 | 33.9 | 51.5 | N/A | 37.1% |
| Algeria | 39.2 | 27.9 | 58.7 | N/A | 22.4% |
| Netherlands | 60.5 | 118 | 129 | N/A | 46.0% |
| Turkey | 120 | 125 | 185 | N/A | 24.2% |
| Others | 517 | 505 | 741 | N/A | 19.7% |
| Total | 1,498 | 1,640 | 2,265 | 1,952 | 9.2% |
Top Export Markets for Vegetable Oils from Malaysia in 2022:
- United Arab Emirates (1.8M tons)
- Myanmar (0.2M tons)
Vegetable Oils Imports in Malaysia
In 2022, approx. 240K tons of vegetable fats and oils were imported into Malaysia; growing by 10% compared with 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern.
In value terms, vegetable oils imports expanded to $192M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 19%. As a result, imports attained the peak of $195M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Vegetable Oils in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 192 | 0% |
| Indonesia | 119 | 172 | 185 | N/A | 24.7% |
| Australia | 36.5 | N/A | N/A | N/A | 0% |
| Others | 8.7 | 23.1 | 3.9 | N/A | -33.0% |
| Total | 164 | 195 | 189 | 192 | 5.4% |
Top Suppliers of Vegetable Oils to Malaysia in 2022:
- United Arab Emirates (240.4K tons)
This report provides an in-depth analysis of the vegetable oils 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 10416050 - Vegetable 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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
-
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
-
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
443
This report provides an in-depth analysis of the vegetable oils market in Malaysia.
359
This report provides an in-depth analysis of the animal fats market in Malaysia.
1635
This report provides an in-depth analysis of the global vegetable oils market.
1088
This report provides an in-depth analysis of the global animal fats market.
443
This report provides an in-depth analysis of the vegetable oils market in Malaysia.
359
This report provides an in-depth analysis of the animal fats market in Malaysia.
1635
This report provides an in-depth analysis of the global vegetable oils market.
1088
This report provides an in-depth analysis of the global animal fats market.
278
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
278
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
