Malaysia: Cereal Flour Market 2024

Cereal Flour Market Size in Malaysia

The Malaysian cereal flour market totaled $X in 2023, approximately mirroring the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the maximum level at $X in 2021; afterwards, it flattened through to 2023.

Cereal Flour Production in Malaysia

In value terms, cereal flour production reached $X in 2023 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Cereal flour production peaked at $X in 2021; afterwards, it flattened through to 2023.

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Cereal Flour Exports

Exports from Malaysia

In 2023, shipments abroad of cereal flours increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, total exports indicated a modest expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, cereal flour exports surged to $X in 2023. Over the period under review, exports continue to indicate a mild increase. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for cereal flour exports from Malaysia, with a X% share of total exports. Moreover, cereal flour exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), threefold. Brunei Darussalam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Brunei Darussalam (X% per year).

In value terms, Singapore ($X) remains the key foreign market for cereal flours exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Brunei Darussalam, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Brunei Darussalam (X% per year).

Export Prices by Country

In 2023, the average cereal flour export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the 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 Indonesia ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Flour Imports

Imports into Malaysia

After six years of growth, overseas purchases of cereal flours decreased by X% to X tons in 2023. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cereal flour imports shrank to $X in 2023. Over the period under review, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X tons), Thailand (X tons) and Sri Lanka (X tons) were the main suppliers of cereal flour imports to Malaysia, together accounting for X% of total imports. Turkey, Vietnam, Japan, Indonesia, India, Australia and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Sri Lanka ($X) constituted the largest cereal flour suppliers to Malaysia, with a combined X% share of total imports. Turkey, Vietnam, Japan, Indonesia, India, Australia and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cereal flour import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cereal flour import price increased by X% against 2013 indices. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform